1. Diane was shopping in a flower shop owned by a partnership. Ken, a partner, c
ID: 2587348 • Letter: 1
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1. Diane was shopping in a flower shop owned by a partnership. Ken, a partner, carelessly left water on the floor and Diane slipped and broke her hip. Are the other partners liable? A. No. Diane will need to prove that the other partners knew or should have known that Ken had a tendency to leave water on the floor. B. Yes. Partners are strictly liable for any wrongful act committed by a partnen C. No. Though Ken is liable to Diane for his negligence, the other partners are not Yes. All partners are liable for the negligent act of a partner committed within the course of business Frank is a controlling shareholder in E-prise, Inc. Frank: A. has a fiduciary duty to minority shareholders. B. may not exc C. may not enter into unfair business transactions with the corporation. D. All of the above are correct. 22. lude minority shareholders from beneficial arrangements involving stock 23. The officers of a corporation are: A. B. C. D. appointed by the president of the company. appointed by the Secretary of State. elected by shareholders. appointed by the board of directors.Explanation / Answer
Q21 The Answer to the Question is (a) Diane will need to prove that the other partners knew about it.
Q22 The Answer to the Question is (d) All the above are correct
Q23 The Answer to the Question is (D) Appointed by the board of directors
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