Vicente owns Vicente's Machine & Welding (VMW), a machine shop, as a sole proprietorship. He has back troubles and wants to retire. What is the best way for Vicente to transfer the ownership of his business? 01:48:23 Multiple Choice O Because it is a sole proprietorship, Vicente may not transfer the ownership of his business. O Vicente could either sell the assets of VMW to another or leave it by will or trust to Geraldo. O Leave VMW to his son Geraldo by will or trust. O Sell the assets of VMW to another.A long-arm statute would be triggered when 3 Multiple Choice 01:44:54 O Georgiana, a resident of Arkansas, is suing Lydia in Arkansas, who has a Nebraska-based business making jewelry. Georgiana purchased the jewelry from Lydia, which caused a severe allergic reaction, while Lydia was selling products from a booth at a street fair in Eureka Springs, Arkansas. O Darcy, a resident of Kentucky, is suing Elizabeth, a resident of West Virginia, in Kentucky based on an accident in Kentucky in which Darcy is alleging Elizabeth's negligence. O Wickham, a resident of Maryland, owns a vacation home in the state of Washington. Bingley, a person who rented Wickham's vacation home, was injured when a mirror in the home broke. Bingley is suing Wickham in Washington. All of the answer choices involve situations where a long-arm statute would be triggered.5 Zelda, the CEO of Fullerton Corporation, felt that a federal agency had enforced a rule in a manner that unfairly affected Fullerton and others in Fullerton's industry. Zelda challenged the final administrative rule in federal court on behalf of Fullerton. What standard will the court apply in reviewing the rule? 01:42:00 Multiple Choice O The judicial deference rule O The enforcement and restrictions rule O The standard application rule O The arbitrary and capricious rule