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A sudden storm threatens the property of Marina Bay LLC. Ngoc, Marina Bay’s sales agent, is on-site, but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. Unable to communicate with Marina Bay, Ngoc

Dean starts up E-Sites, an Internet service, and leases office space in a building owned by Fred. The lease requires Dean to pay Fred a base rental of $250, plus 10 percent of E-Sites’ profits, each month. The term is two years. Dean hires Gina to work at E-Sites’ tech support desk at an hourly wage of $9.00, plus a commission of 10 percent of the profits. The term is also two years. Dean and Fred are

Cody and Dex form Eminent Corporation. Eminent has a board of directors, a chief executive officer, a chief operating officer, and fifty-two shareholders. Eminent is governed by it

Cal directs Diego, Cal’s agent, to harvest the hay on Edna’s farm, although neither Cal nor Diego has the right to go onto the land and cut and remove the crop. Liability for the trespass and damage to the property extends to

Hadley, an accountant, accumulates working papers while performing an audit for Ilene. After the audit, these documents belong to

Which of the following is NOT an advantage of a general partnership?

A partner who has no right to participate in the control of the business and who has limited liability is a 

Ivy is an alcoholic who has completed a supervised substance-abuse rehabilitation program. Jerold is morbidly obese. Kim has heart disease. Considered to have a disability under the Americans with Disabilities Act is

Biotech Investments, LP, is a limited partnership. The partners sign an agreement purporting to state how the firm’s profits and losses are to be divided. The profits and losses of the firm will be divided

Gala and Hoyt are employees of IT Business Solutions, Inc. IT Business Solutions violates the Equal Pay Act if it pays different wages on the basis of