Yolanda and Eric were partners in Y&E; Partnership. While of the partnership. Ma
ID: 2587340 • Letter: Y
Question
Yolanda and Eric were partners in Y&E; Partnership. While of the partnership. Martha seeks recovery from the partnership. Which statement is probably correct? A. Yolanda may be held liable only if she were aware of Eric' B. Yolanda cannot be held liable because Martha is suing for an intentional tort C. Yolanda cannot be held liable because she didn't participate in the harassment. D. Yolanda probably will be held liable because of the connection between the tort and the 15. at work, Eric sexually harassed Martha, an employee s conduct and did nothing partnership business. 16. If a corporation is liquidated, which of the following will be paid first? A. Officers and directors who own stock. B. Preferred stockholders. C. Common stockholders. D. Creditors of the company 7. All of the following are characteristics of a closely held corporation EXCEPT A. the shareholders usually restrict share transfer. B. the shares are publicly traded C. minority shareholders are provided more protection than in regular corporations. D. the shareholders manage the company.Explanation / Answer
Answer 15
D. Yolonda probably will be held liabe because of the connection between the tort & the Parnership bussiness
Explanation : Although Yolonda is not involve in the harassment , he is still liable under the risk of a general partnership.
Answer 16
D. Creditors of the company
Explanation : Law order prescribed order in which the claims of the different parties are to be satisfy .Generally outside liabilty aresatisfy first , thus amoung the option given creditor of the company must be paid first.
Asnwer 17
B . the shares are publicly traded
Explanation : Closly held corporation is generally managed by an individual or small group of individuals . Thus shares are restricted for public offereing .
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.