Blog

Renee made defamatory statements about Lance directly to him.  She was standing in front of a crowded room, and speaking loud enough for everyone in the room to hear. The crowd was gasping and appalled by the statements.  Did Renee effectively “publish” her statements for purposes of a defamation lawsuit?

Fraudulent misrepresentation involves intentional deceit for personal gain.  For fraud to actually occur, there must be more than “mere puffery”.  What does the court mean by “mere puffery”? Explain the term and give one example. 

List the two duties that a partner owes the partnership and the other partners. (2pts) Give one example of a breach of each duty. (2pts)

Every state requires corporations to carry a corporation designation (Corp., Inc., etc.) in its name.

In an LLC, members decide how to operate the business and enter into a binding agreement of essential terms, and this is called the Operating Agreement.

Why do people choose to operate as a sole proprietor? (1pt)  List one benefit and one disadvantage of sole proprietorships.(2 pts)

In most states, partners in a partnership are jointly and severally liable to creditors. 

Under what circumstances can a member of an LLC lose their liability protection?

What type of stock allows for preferential treatment?

A nurse is assessing a client diagnosed with rheumatoid arthritis (RA). Which of the following findings is most characteristic of RA?