Homework Clinic

Social Science Clinic => Law and Politics => Topic started by: armygirl on Aug 7, 2021

Title: Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and took ...
Post by: armygirl 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.

Title: Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and took ...
Post by: tofugiraffe on Aug 7, 2021

Answer 1

a corporation

Answer 2

Kihn himself is vicariously liable for the damage caused by the employee.

Title: Re: Jack Kihn incorporated and put $20 000 into the corporation by way of a shareholder's loan and t
Post by: Japanjot Singh on Dec 13, 2023

thank you