Jed is a minor. Jed can be

An agent only

A principal only

An agent or a principal

None of these options

Which of the following forms of business can avoid the problem of double taxation?

Limited Partenerships

Limited Liability Companies

S Corporations

Two of the above

All of the above

RSD Sales, LLC, is a limited liability company with Jed and Milly as company members. On a company sales trip, Milly negligently drives a company car and hits and injures Sam. Which of the following is correct?

Milly is liable to Sam

Jed is liable to Sam

RSD Sales LLC is liable to Sam

Two of these options are correct

) Milly introduces Amy to her friends as "my associate." Amy purports to act as Milly's agent in several business transactions with those friends. If Milly is liable for Amy's actions, it will be under

Apparent authority.

The good of faith rule

The equal dignity rule

The fiduciary principle

ina general partnership, each partner is an agent of

Every other partner

The partnership

Both a and b

The concept of "par" value relates to

Corpotate bonds

The original issue of common stock

Common stock transaction on the open market

None of the above