{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Mid Term - Autograde Summary Date Taken 8:49:23 AM Time...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Autograde Summary Date Taken: 11/13/2009 8:49:23 AM Time Spent: 1:49:07 (3:00 allowed) Points Received: 47 / 60 (78.3%) 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: True/False 22 17 Multiple choice 19 15 Grade Details 1. Question: An example of a franchise is McDonalds. Your Answer: True CORRECT False Instructor Explanation: See week 2 lecture. Points Received: 1 of 1 2. Question: One of the biggest weaknesses of federal bankruptcy law is that it has no way to prevent debtors from favoring certain parties by making preferential payments to them before going bankrupt. Your Answer:
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Instructor Explanation: p 924. Points Received: 0 of 1 3. Question: Bob has not paid his ex-wife alimony as required under court order. His ex-wife is trying to collect the alimony. Bob files a bankruptcy petition. This automatically stays his ex-wife's collection efforts. Your Answer: Instructor Explanation: p 772 Points Received: 1 of 1 4. Question: Julie buys her first car, taking out a loan to do so. Her Dad co-signs the loan so that he is equally liable with Julie. Dad is a guarantor. Your Answer: Instructor Explanation: p 720 Points Received: 0 of 1 5. Question: Shareholders have a right of full participation in board of directors' meetings. Your Answer:
Image of page 2
Instructor Explanation: p 1084 Points Received: 1 of 1 6. Question: A right of first refusal on a share certificate allows the corporation to match the offer that a selling shareholder receives for his shares. Your Answer: Instructor Explanation: p 1041 Points Received: 1 of 1 7. Question: A straight bankruptcy is also known as a Chapter 7 bankruptcy. Your Answer: Instructor Explanation: See week 4 lecture Points Received: 1 of 1 8. Question: A principal can ratify a contract even if the agent had no authority to enter into the contract on behalf of the principal.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Your Answer: Instructor Explanation: Ch 36 Points Received: 1 of 1 9.
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern