If a pet raccoon gets loose from a cage and harms someone, the owner can escape liability by showing that he took great care to keep the animal confined
Indicate whether the statement is true or false
False
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Those who are secondarily liable on negotiable instruments they endorse are known as ________
A) unqualified indorsers B) qualified indorsers C) accommodation parties D) agents
Shelly wishes to invest in Mark and Rhonda's partnership, but she has no desire to take part in its management. Furthermore, she prefers to limit her liability to her investment
Which of the following organizational forms would accommodate Shelly's wishes? A) general partnership with Shelly as a limited partner B) general partnership with Shelly as a general partner C) limited partnership with Shelly as a general partner D) limited partnership with Shelly as a limited partner
Which of the following falls within the scope of the fiduciary duty of a director?
A) To disclose any indirect interest in contracts made with the corporation. B) To disclose any direct interest in contracts made with the corporation. C) To refrain from voting on any matter concerning a contract made with the corporation D) B and C E) All of the above.
Which of the following could be a stakeholder of a corporation?
A. employee B. customer C. local citizen D. supplier E. all of the above