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Author Question: Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and took ... (Read 3070 times)

armygirl

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on: Aug 7, 2021

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.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by armygirl on Aug 7, 2021

tofugiraffe

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Japanjot Singh

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Reply #2 on: Dec 13, 2023
thank you


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