LS 311

Question 1 4 / 4 points Forming a limited liability company requires filing articles of organization in a state office. True Question 2 4 / 4 points Like the bylaws of other corporations, the bylaws of Retail Sales, Inc. were adopted at its first organizational meeting. Question 3 4 / 4 points When a majority shareholder breaches her or his fiduciary duty to a minority shareholder, the minority shareholder can sue for damages. True Question 4 4 / 4 points What type of ownership do sha...

The Final Exam opens on Wednesday and will stay open through Tuesday, at midnight.  The Final Exam consists of 25 Questions (a mix of TrueFalse and Multiple Choice) and each question is worth 4 points, for a total of 100 points.  You have 1 ½ hours to take the Final Exam.  The Final Exam covers the reading from Unit 9 (Chapters 23 & 24) and Unit 10 (Chapters 25 & 26). There is only one question from Unit 8 (Chapter 21) on the Final Exam (on apparent authority).  Chapter 23, Sole Pro...

LS311 UNIT 10 DISCUSSION Hello Ramona and Class, Under what theory might Darla be liable? Darla will be liable under insider trading theory. Darla had overheard the conversation and make profit from the deal. This case is strictly related to the insider trading. The insider trading theory is laid down under SEC Rule 10b-5. In case of insider trading anyone who uses insider trading is liable. Do the circumstances of this case meet all of the requirements for liability under that theory? Explain. ...

1. Question : Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contributes 67 % of the capital. When NDS is dissolved, its liabilities are greater than its assets. The losses are paid by Student Answer: all of the partners in proportion to their capital contributions. all of the partners in proportion to their shares of the profits. Kelly because she contributed most of the capital. Lars and Mona because the...

LS311 UNIT 10 DISCUSSION Hello Ramona and Class, Under what theory might Darla be liable? Darla will be liable under insider trading theory. Darla had overheard the conversation and make profit from the deal. This case is strictly related to the insider trading. The insider trading theory is laid down under SEC Rule 10b-5. In case of insider trading anyone who uses insider trading is liable. Do the circumstances of this case meet all of the requirements for liability under that theory? E...

The Final Exam opens on Wednesday and will stay open through Tuesday, at midnight.  The Final Exam consists of 25 Questions (a mix of TrueFalse and Multiple Choice) and each question is worth 4 points, for a total of 100 points.  You have 1 ½ hours to take the Final Exam.  The Final Exam covers the reading from Unit 9 (Chapters 23 & 24) and Unit 10 (Chapters 25 & 26). There is only one question from Unit 8 (Chapter 21) on the Final Exam (on apparent authority).  Chapter 23...

Question 1 4 / 4 points Forming a limited liability company requires filing articles of organization in a state office. True Question 2 4 / 4 points Like the bylaws of other corporations, the bylaws of Retail Sales, Inc. were adopted at its first organizational meeting. Question 3 4 / 4 points When a majority shareholder breaches her or his fiduciary duty to a minority shareholder, the minority shareholder can sue for damages. True Question 4 4 / 4 points What type of ownership do sha...

Question 1 4 / 4 points Forming a limited liability company requires filing articles of organization in a state office. True Question 2 4 / 4 points Like the bylaws of other corporations, the bylaws of Retail Sales, Inc. were adopted at its first organizational meeting. Question 3 4 / 4 points When a majority shareholder breaches her or his fiduciary duty to a minority shareholder, the minority shareholder can sue for damages. True Question 4 4 / 4 points What type of ownership do sha...