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QUESTION 5 Lorena is appointed as an agent for Milled Grains, Inc. The agency agreement is silent as to the level of sales that Lorena

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QUESTION 5 Lorena is appointed as an agent for Milled Grains, Inc. The agency agreement is silent as to the level of sales that Lorena is expected to achieve. She must a achieve nothing because the agreement says nothing on the issue battain the level that Lorens achieved with her previous employer. o c attain the level of Milled Grains top selling salesperson Od use reasonable diligence and skill in selling QUESTION 6 Dasa nad Khaya are partners in a partnership. When they began their business they each contributed $5,000 as a capital contribution. A year later, Danaloaned $2,500 to the partnership when they wanted to buy a new computer system. The partnership later dissolves. After paying their creditors there is still $7,500 remaining Khaya claims that she should be repaid her share of the capital contribution before repaying Dana the loan. Dana claims that she should be repaid her $2,500 loan before capital contributions are split. Who is correct Oa. Khaya b. The partners are never entitled to be repaid their capital contributions or loans Oc. They should have repaid themselves their capital contributions before paying their creditors d. Dans QUESTION 7 In contemplation of death during risky surgery, Ben, a guitarist, gives his guitars to Cathy. The surgery is sticcessful, and Ben does not die. The gift of the guitars is a revoked because it was a gift inter vivos. Ob.not revoked because it was a gift cousa mortis c revoked because Ben survived. Od not revoked because it was a gift inter vivos. QUESTIONS New York requires franchisors to register their Franchise Disclosure Document with the Attorney General's office before being allowed to sell that franchise to franchise True False

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