LAW 575 Final Exam University Of Phoenix Pdf Download @ Studentehelp

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1) Which of the following is true regarding state and federal court jurisdiction?
• In all cases, state courts have concurrent jurisdiction with the federal courts.
• Federal courts begin with exclusive jurisdiction until a state court intervenes.
• In all cases, state courts have exclusive jurisdiction unless the state's Supreme
Court grants jurisdiction to a federal court in the state.
• In some cases, state courts have exclusive jurisdiction; in some cases, state courts
have concurrent jurisdiction with the federal courts.
2) Which of the following is true regarding a sole proprietorship?
• A sole proprietor shares control of the management of the business.
• The sole proprietor keeps a portion of the profits from the business.
• Profits are not taxed as the personal income of the sole proprietor.
• A sole proprietor is personally liable for obligations of the business.