Question 1
Which of the following is considered to be a separate legal person in law?
◦ a corporation
◦ a partnership
◦ a professional practice
◦ an agency
◦ a sole proprietorship
Question 2
Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and took back a chattel mortgage on the corporation's equipment. The corporation created decorative boxes. An employee of the company delivered some boxes to a customer, who complained about the colour used. The employee became so angry that he shoved the customer, who fell into a glass display case, causing $30 000 damage to the customer and the case. On these facts, which of the following is false?
◦ The employee is liable for the tort of battery.
◦ If the corporation went bankrupt, Kihn himself would be a secured creditor.
◦ Although Kihn is the sole shareholder of the corporation, he is not responsible for company debts.
◦ The employee is liable for his tort and his employer is also liable.
◦ Kihn himself is vicariously liable for the damage caused by the employee.
Jack Russell Terrier
Firms Incorporated into U.S. Steel
Use a graphical method to find the length of the loan to the nearest year
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ...
Incorporated errors and mutations