M 275 Test

subject Type Homework Help
subject Pages 3
subject Words 281
subject Authors David P. Twomey, Marianne M. Jennings

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A new state law mandates that all employers must prohibit smoking on employer
premises. The law further provides that any employer who allows an employee or a
client/ customer to smoke on its premises is subject to a court order requiring the
employer to enforce the law. Describe this statute in terms of all possible classification
methods.
Sharing of gross returns, as compared to the sharing of profits, is strong evidence of a
partnership.
Ordinarily, the drawee bank is liable to the drawer when it pays a check on which the
drawer's signature has been forged.
A nonnegotiable instrument€s terms are not enforceable.
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Because nonprofit corporations have a more restricted range of powers than business
corporations, actions not authorized by the charters of nonprofit corporations are more
likely to be found ultra vires.
A variance permits an owner of land to use it in a specified manner that is inconsistent
with zoning ordinances.
The Securities Act of 1933 prohibits the offering or sale of securities to the public in
interstate commerce before a registration statement has been filed with the Securities
and Exchange Commission (SEC).

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