Questions 1-3 are based on the following scenario:

You received your MSCRE from Georgia State and immediately started Panther Development, Inc., a Delaware corporation, your own development company, which has its principal place of business in Atlanta. You engaged your former professor, Ellen Smith to represent you.Your classmate also started his own development company, Top Paw, Inc.You and your classmate have decided it would be great fun to work together on projects so you ask Ellen to form College Buddies, LLC, a Georgia limited liability company.

1.You want Ellen to continue to represent Panther Development, AND you and your classmate also want her to represent College Buddies and Top Paw on all projects going forward. What should Ellen do?

-Represent all three parties because everyone has agreed to her representation

-Only represent the party which will pay her the most in legal fees.

-Inform all three of the risks of joint representation in writing and seek informed consent from all three after they have had the opportunity to consult with independent counsel

-Decide by playing "Rock, Paper, Scissors

2, Your informed consent of Ellen's joint representation is not permissible if the representation:

-is prohibited by law or the rules of ethics.

- includes the assertion of a claim by Panther Development against College Buddies in a dispute involving a Top Paw project.

-involves circumstances rendering it reasonably unlikely that Ellen will be able to provide adequate representation to one or more of Panther Development, College Buddies or Top Paw.

-all the above

3, Which of the following statements is correct about Panther Development, Inc.?

- Panther Development is domestic corporation in the State of Delaware since it is incorporated there, and a foreign corporation the State of Georgia even though its principal place of business is in Atlanta

- Panther Development is a domestic corporation in all states where it does business

-Panther Development would only be considered a foreign corporation if it does business outside the United States

-Panther Development is a foreign corporation in the State of Delaware because even though it is incorporated there, it does not transact business there, and it is a domestic corporation in the State of Georgia because it has its principal place of business in Atlanta.