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1.     All types of business are effectively "pass-through" entities for the

purpose of income tax liability except:

A.     General partnerships.

B.     Sole proprietorships.

C.     C corporations.

D.    LLCs.

E.     Single-member LLCs.

2.     Which of the following is true?

A.     If an agent is negligent during work time or space and causes damages as a result, the principal is liable for those damages.

B.     If the agent goes a substantial distance out of the agent's way for a personal reason, the principal will be liable for the agent's negligent actions while the agent does so.

C.     A principal is liable for all of the agent's negligent actions near the workplace.

D.    If an agent runs a personal errand close to the route the agent is taking for work on behalf of the principal, the principal is only responsible for negligence on the errand if the agent commits a crime.

E.     A and B.

F.      A and C.

G.    A and D.

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