This topic contains a solution. Click here to go to the answer

Author Question: A contract signed at home for the installation of a pool under a 90-days-same as cash agreement is ... (Read 107 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
A contract signed at home for the installation of a pool under a 90-days-same as cash agreement is not subject to the 3-day rescission period.
  Indicate whether the statement is true or false

Question 2

Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own checking account to deposit the client payments and to make distributions of the corporation's profits to her three friends, who together owned 50 of the shares, with Grace owning the remainder of the shares. Grace promised her friends no meetings, no formalities, we'll just run the catering business. Several wedding guests at a reception Grace's company catered became ill. Grace had not purchased insurance. The guests brought suit to recover their medical bills and other damages from Grace and her three friends. Grace says she has no personal liability for the bad food that resulted in their illness.
 A) Grace is correct; their suit should be against the corporation.
 B) Grace is incorrect because of the veil and alter ego theory.
 C) Grace is liable, but her friends are not.
 D) None of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

FALSE

Answer to Question 2

B





 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

For a complete list of videos, visit our video library