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Grade for MT211: Unit 10 Final Exam Numeric grade: 180/200 Letter grade: Comments: (none) < Close Window Autograde Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 50 45 JavaScript is required for your course. Please ensure JavaScript is enabled in your browser preferences. Grade Details 1. Question: Collateral is not the subject of a security interest. Date Taken: 7/20/2009 4:30:52 PM Time Spent: 2:51:38 Points Received: 180 / 200 (90%) Your Answer: True Fals e C ORR ECT Points Received: 4 of 4 Comments: 2. Question: To create an enforceable security interest, the secured party must give value. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 3. Question: For a creditor to have an enforceable security interest, the debtor must have rights in the collateral. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 4. Question: If a principal does not ratify an otherwise unauthorized contract, the principal is not bound. Your Answer: Tru e C ORR ECT Fals e Points 4 of 4 Received: Comments: 5. Question: If an agent acts within the scope of authority, an undisclosed principal is liable to a third party for contracts made by the agent. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 6. Question: There are criminal penalties for violations of employee health and safety regulations. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 7. Question: Employers are required to establish retirement plans for their employees. Your Answer: True Fals e C ORR ECT Points Received: 4 of 4 Comments: 8. Question: The income of a sole proprietor is taxed as his personal income. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 9. Question: A general partnership is not usually considered a legal entity apart from its owners. Your Answer: True IN CO RR ECT Fals e C ORR ECT ANS WE R Points Received: 0 of 4 Comments: 10 . Question: In a limited liability partnership, a partner can be exempt from personal liability for partnership obligations. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 11 . Question: A corporation is liable for the torts of its agents and officers committed within the course and scope of their employment. Your Answer: Tru e C ORR ECT Fals e Points Received: 4 of 4 Comments: 12 . Question: A close corporation may restrict the right of a shareholder to transfer stock by means of a shareholder agreement. Your Answer: Tru e C ORR ECT Fals e Points 4 of 4 Received: Comments: 13 .... View Full Document

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