INSTRUCTIONS: 1. You have two exams: a Solo Final ... - UNO CBA

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SOLO Final ExamBSAD 8010: Legal, Ethical, and Social Environment53. Once DD and GG became shareholders of XYZ,presumptively,no longer were they at will employees.54. BecauseFF is a CPA,EE's consultation with FF is confidential,and FF may tell AAabout neither the existence of nor the content of that consultation.55. AssumeXYZ switched from being a corporation to a limited partnership,thenEE's personal liability as a limited partnercould be about the same as when EE was a corporate shareholder,butEE's personal liability as the general partner of the limited partnershipmay be much more.56. GG's collateralization agreement with XYZviolates MM's shareholder right to XYZ's income,even ifMM is GG's sole heir in GG's irrevocable will.57. Ifprior to the annual meeting,EE had XYZ pay a retail consultant toprepare and deliver solely to EE adetailed set of written plans for the redirection of floor spacethenEE committed security law fraud, but not common law fraud.58. BecauseCC is an attorneyher excoriation of EE and GG is privileged.59. Once GG obtained the collateralization agreement from EE,GG took on the liability of a corporate promoter.60. A shareholder agreementis equivalent to a proxy voting agreement.© O’Hara Fall 2001 A = true Page 8 of 11
SOLO Final ExamBSAD 8010: Legal, Ethical, and Social Environment61. When XYZ sold indecent gift cards and CDs to minorsXYZ did not do so via contract.62. BecauseFF is not a shareholder,FF lacks standing to bring a derivative lawsuit.63. GG is guilty of criminal insider trading.64. BecauseXYZ is charged with violating Amaho's zoning regulations,the gift cards and CDs sold by XYZdo not satisfy XYZ's duty of merchantability.65. AssumeCC obtained the wine from MM,thenCC did so via contract.66. Assumethat when EE plays featured CDs EE plays the whole CD:EE's playing of featured CDs violates copyrightsbecauseit is a derivative work.67. An election to a close corporation's BoDis a transaction that isprimarily creation of valuerather than a transaction that isprimarily distributive.68. Ifyou assume CC's aspiration as ACAis maintaining harmonious family relations,thenXYZ has a principal-agent problem.© O’Hara Fall 2001 A = true Page 9 of 11
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INSTRUCTIONS: 1. You have two exams: a Solo Final ... - UNO CBA

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