A contract signed at home for the installation of a pool under a ...

[awywial]

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

[ApricotDream]

Answer to Question 1

FALSE

Answer to Question 2

B

[awywial]

Correct answers!

[ApricotDream]

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