Chapter 32 - 38 Concept Review - Saved to y Mac View Tell me go Layout References Mailings Review Instructions: Fill in the Blanks Using the Words Below 1. J.K. Rowling works as a salesclerk at Barnes and Noble. Rowling is an 2. Angelina, a real estate agent, purchases for herself a home that she knows her client Pauline wants. Angela has violated her 3. By purchasing the house for herself, Angela has the principal's opportunity 4. J.K. Rowling is sued by a customer for suggesting a book the customer hated. Barnes and Noble will indemnify her based on the doctrine of I 5. Barnes and Noble would not have indemnified J.K. Rowling if she were not acting within the scope of her 6. Whoopie Goldberg opens a store that sells clothing for religious people. naming the business Habitat for Heaven's Helpers or HHH for short. This name is an 7. Whoopie Goldberg, the only owner of HHH, issued by a customer who is angry because the clothing didn't give her angel's wings. If Whoopie loses the case, she is to the customer. Agent Assumed Name Usurped Authority Fiduciary Duty Respondeat Superior Personally Liable B Focus encos Mailings Review View Tell me 16. Angry about losing the lawsuit, Larry decides to leave the partnership and wants Moe and Curly to his share of the business. OC 2 1 17. Moe and Curly decide to call it quits and terminate the business. First they must all their business, then their assets, and finally pay their Wind Up Pass Through Express Profits Buy Out Joint and Several Liability Partnership Agreement Creditors Uniform Partnership Act Losses Implied Capital Liquidate out Chapter 32 - 38 Concept Review -Saved to my Mac References Mailings Review View Tell me Instructions: Fill in the Blanks Using the Words Below 18. Marty and Wendy Byrde establish a limited liability company which will own their casino, Marty and Wendy are 19. The state of Missouri, where the casino will be located, requires Marty and Wendy to file 20. Marty does not want his bankers to know where he lives, so Wendy agrees to be the and accept any legal complaints the LLC receives. 21. After talking to her friend Shemp, Wendy believes they need an but Marty thinks Moe is right and the will settle their differences by making them share management and profits equally. 22. Wendy doesn't trust Marty and wants the LLC to be instead of with her friend Darlene acting as manager. 23. Marty doesn't trust Darlene. He's afraid she'll destroy the business in which case he'll lose all of his 24. Wendy sees Marty take some of the casino profits and hide them in a personal bank account. She sees him take more of the casino's money to buy 3 Design Layout References Malings Chat 32-38 Conceptes - Vw Tell me 24. Wendy sees Marty take some of the casino profits and hide them in a personal bank account. She sees him take more of the casino's money to buy himself a Maserati Wendy worries that the court will and make them personally liable for the business debt. capital contributions members Operating Agreement manager-managed Limited Liability Company Statute Registered Agent Articles of Organization Pierce the Corporate Veil member-managed Enghie She og DU bo 99 SY TE % C $ 4 & 7 .00 5 3 6 9 0 0 W E P R Y U T s L G D K H J