A partnership generally is required to have two or more partners. file articles
ID: 2659633 • Letter: A
Question
A partnership generally is required to
have two or more partners.
file articles of partnership with the state.
have a written partnership agreement.
pay federal tax.
William, who wrote a novel twenty years ago about a school for magicians, sues J.K. Rowling, author of the Harry Potter books, for copyright infringement. William will probably lose, because
Rowling is very rich and can afford a better lawyer.
William wrote his book too many years ago.
William never registered his copyright.
Plots are not copyrightable.
Danette takes her coat into Quik Clean Dry Cleaners and leaves it there to be picked up in one hour. Quik loses her coat, so Danette sues Quik. In this instance,
Danette wins; this is a bailment for mutual benefit
Danette wins; this is a gratuitous bailment
Quik wins; this is not a bailment
Quik wins; this is a gratuitous bailment
Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some furniture to a customer, Cary accidentally runs over Pamela Pedestrian. Pamela sues the partnership. Which of the following is true?
Cary is liable to Pamela.
All three partners are liable to Pamela.
Cary is liable to his partners for breaching his duty as an agent for the partnership.
All of these
Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his personal expenses. If Arapine is insolvent and unable to pay its debts, and the corporation
Explanation / Answer
1)have a written partnership agreement.
2)William never registered his copyright.
3)Quik wins; this is not a bailment
4)All of these
5)Brian will not be liable. as company and shareholders are different
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