Question 59 Incorrect 0.00 points out of 1.00 Flag question In 2019 Mafioso Bank loaned $400,000 to Malik, taking a security interest in his yacht in January of 2020, Malik borrowed $100,000 from his cousin Bubba and gives him a security interest in the same yacht. When Malik defaults on his loan to the Bank, the Bank repossesses and sells the yacht for $450,000. The Bank Select one: a Must pay Malik the $50,000, X b. Must pay the $50,000 to Bubba C Is entitled keep the $50,000 d Must pay the $50,000 to the Secretary of State kitten, Question 65 Incorrect Jolson's neighbor's hobby is to make drone airplanes. Jolson buys one of the airplanes but after its first flight it uncontrollably flies into Jolson's eyes and blinds him. If Jolson sues his neighbor under a theory of strict product liability, 0.00 points out of 1.00 F Flag question Select one: a He is likely to lose because it's his own fault that he didn't know how to properly and the drone. X b. He is likely to lose because the neighbor is not normally engaged in the business of selling drones. He is likely to win if his neighbor has sufficient home owner's insurance d He is likely to win because the neighbor obviously manufactured a defective product Woody is excited to be appointed to the Board of Directors of Galaxy and Beyond, Inc. As a director, Woody Incorrect 0.00 points out of 100 Flag question Select one: a. Will hire the managers of the corporation. b Will assist in day to day operations of the corporation. Wal appoint the officers of the corporation Is an agent of the corporation. X Question 47 Incorrect 0.00 points out of 100 Jill, a Certified Public Accountant, was a limited partner in a retail business. Every year, she did the taxes for the business and offered financial advice. She also made investments on behalf of the business. When the business is sued for breach of contract which statement best describes Jil's potential liability? Flag question Select one: a. Jill has no potential liability since she is a limited partner, b. Jill's liability, as a limited partner, is limited to amount of her capital contribution C Jill can only be liable to the amount of her investment since she is a limited partner x d Jill can be held personally liable since she participated in management