8. Assume the same facts as in question 7. Abe has a drinking problem. Felix, who doesn't drink, has repeatedly warned Abe not to drive the school bus routes to Friendly Elementary School while drunk. "Think of the kids, you lousy drunk," Felix admonished him recently. "You're a scoundrel, and what's worse, I believe you steal." Nonetheless, Abe gets drunk that night. The next morning, he has a few more drinks to take the edge off. Then he showers, grabs three beers for the road, fires up the school bus and roars down the highway, picking up the kids by twos and threes for the drive to school. Soon thereafter, Abe enters a drunken hallucination, seeing a family of aardvarks playing with pots and pans and one tall ostrich in the middle of the road. Abe swerves and the bus plunges off an escarpment. No child dies, but several children are injured. Abe survives, 3 walking away without a scratch. The parents sue and win a $7 million judgement. Abe has no assets. How much of the judgment must Felix pay? a. $7 million b. $3.5 million c. nothing because Felix was not negligent and because he met his duty by warning Abe to stay out of his cups while driving the school bus d. $5 million 9. Assume the same facts as in Question 7 and 8. But for this question, Abe and Felix have registered their business as a limited liability partnership. How much can the parent collect on the judgement against the partnership from Felix for the accident? a. $5 million b. $1 million c. nothing d. $500,000 10. Which of the following business entities can sell shares of stock? a. Corporation b. Limited liability company c. Limited partnership d. All of the above 11. What is the amount of current assets in solar energy systems held by Tesla Inc. as of September 30, 2019? 12. What defense to securities violations was created by Congress? a. Private Securities Litigation Reform Act b. Blue sky laws c. Bespeaks caution doctrine d. Chevron Test 13. The U.S. Department of Agriculture proposes a draft regulation limiting the number of hours that farmers can work in each week. Where would this draft regulation be published, based on information provided in our reading and/or lectures? a. Wall Street Journal b. Code of Federal Regulations c. US Code d. Federal Register