Penn files a suit against Roadway Sign Company While the suit is pending, Roadway consolidates with Synchronized Signal Corporation to form Traffic Management, Inc. Now, liability in the suit, if any, rests with

A. Traffic.
B. Roadway and Synchronized.
C. Penn.
D. no one.


Answer: C

Business

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Which of the following is correct regarding a limited partnership?

a. The general partner must make a cash or property contribution. b. It can be created in such a way that the general partner has limited liability. c. It can only be created pursuant to statutory provisions. d. Limited partners are unable to vote on the incurrence of debt other than in the ordinary course of business under the safe harbor provisions of the RULPA.

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Implementation puts plans into operation, while control provides feedback.

Answer the following statement true (T) or false (F)

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Which of the following is not a factor in the four-component model of ethical decision making?

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