1. Partnership cannot be S-Corporation shareholders

1. True
2. False

2. Regular corporation status is not available for banks or insurance companies.

1. True
2. False

3. Peter and Paul are business associates. The police enter the business with a search warrant because Peter is under investigation for a crime. When the police ask Paul to answer some question, he agrees, but one of the questions, if answered, might make him culpable too. Paul must answer the question because he is not under investigation and therefore does not currently have the right against self-incrimination.

1. True
2. False

4. If a defendant is found guilty in a criminal trial, he or she may not appeal due to double jeopardy.

1. True
2. False

5. The right to confront your accuser in a criminal trial is found in the Sixth amendment

1. True
2. False

6. The exclusionary rule is controversial because it tends to benefit guilty parties by suppressing evidence that is often instrumental in convicting them.

1. True
2. False

7. S-corporation status is only available to domestic companies.

1. True
2. False