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48.
(p. 780)
Which of the following would likely be formed by farmers who want to pool certain crops
together to ensure that they get a high market price for their crops?
49.
(p. 780)
Which of the following is
false
regarding cooperatives?
50.
(p. 772)
What type of business had Kitty initially set up?
51.
(p. 772)
Which of the following is true regarding Kitty's statement that she had no personal
liability?
52.
(p. 774)
Which of the following would be an appropriate form of business organization for Kitty
and her parents such that her parents could invest but not participate in management?
53.
(p. 773)
What type of arrangement did Wally propose with his suggestion that they share control
of the business and split profits equally, not bothering with a written agreement?
54.
(p. 773)
Is Wally correct that with his proposal that they share control of the business and split
profits equally there could be no personal liability for debts?
55.
(p. 776)
Which of the following is true regarding Wally's assertion regarding tax?
56.
(p. 777)
In regard to the quest of Wally and Sally to find the best form of business organization,
which of the following is true?
57.
(p. 784)
What type of arrangement did Molly make with her friends?
58.
(p. 786)
Which of the following is true regarding Molly's inspections of kitchens?
59.
(p. 786)
Will Molly likely be held liable to Fred?
60.
(p. 786)
Is Molly correct that she was entitled to cancel all franchise agreements?
61.
(p. 773)
List the advantages and disadvantages of a sole proprietorship form of business.
62.
(p. 776)
Set forth the advantages and disadvantages of forming a general corporation.
63.
(p. 775)
Brice just finished a residence in internal medicine and wants to go into practice with
Horace and Joyce. Brice tells you that while he needs to practice with other physicians for call
coverage and for other reasons, he does not want to be liable should the other physicians be
found guilty of malpractice. You discuss various incorporation options with him, but he tells you
that he would like to form a partnership. What business form would you recommend to him and
why?
64.
(p. 781)
Define a joint venture and set forth two differences under the law between a joint
venture and a partnership.
65.
(p. 784)
Describe a franchise that is a distributorship and give an example of a distributorship.
