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of a general partnership occurs when all the affairs are wound up and the partne

ID: 2440617 • Letter: O

Question

of a general partnership occurs when all the affairs are wound up and the partners' authority to act for the partnership is completely extinguished. a. Dissolution b. Termination c. Winding up d. Staged end 37. A( problems. n) is a for-profit corporation that uses the power of business to solve social and environmental a. C corporation b. S corporation c. B corporation d. Benevolent Recognized Group 38. Thes set forth the steps that must be taken to establish a corporation in a state. a. Uniform Federal Rules b. corporate statutes of each state c. corporate bylaws d. corporate charter requirements 39. If incorporators cannot show substantial compliance with statutes regarding incorporation but can show that they were unaware of any defect and acted in good faith, a court may treat the entity as a(n): a. de jure corporation. b. real corporation. c. de facto corporation. d. equitable corporation. 40. Which of the following presides over formal agency adjudications at the federal level? a. An administrative law judge b. A federal magistrate c. A federal district judge d. A judicial commissioner 41. Which of the following agencies was created following the terrorist attacks of September 11, 2001, to be responsible for civilian aspects of national security? a. The Stateside Protection Commission b. The Department of Homeland Security c. The Department for Protection of Civilians d. The Critical Civilian Defense and Protection Agency

Explanation / Answer

36) c is correct

Winding up of general partnership occurs when all the affairs are wound up and partner's authority to act for the partnership completely extinguished.

37) c is correct

B corporation is a third party corporation that uses the power of business to solve social and environmental problems.

38) b is correct

Corporate statutes for each state set forth the steps that must be taken to establish a corporation in a state.

39) c is correct

Court treat the entity as De facto corporation