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Legal Questions. True False?

Legal Questions. True False?

Postby beacher » Sun Oct 30, 2011 6:22 am

To support the imposition of strict product liability, a product must be substantially changed from the time it is sold to the time an injury occurs.

A seller must warn those who buy a product of harm that could result from the foreseeable misuse of the product.

A sole proprietorship's income is taxed as the firm's profits, not as the owner's personal income.

In choosing a form of business organization for a new enterprise, important factors include the ease of creation.

Contracts between a franchisee and its customers define the franchise relationship.

Normally, a franchisee determines the territory that it will serve.

In determining whether a franchisor acted in good faith in terminating a franchise relationship, a court would balance the rights of both parties.

The Uniform Partnership Act has done much to reduce controversies in the law relating to partnerships.

A partner's fiduciary duties may be waived or eliminated in the partnership agreement.

A limited liability partnership must be formed in compliance with state law.
beacher
 
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Legal Questions. True False?

Postby achimelech51 » Sun Oct 30, 2011 6:38 am

To support the imposition of strict product liability, a product must be substantially changed from the time it is sold to the time an injury occurs.

A seller must warn those who buy a product of harm that could result from the foreseeable misuse of the product.

A sole proprietorship's income is taxed as the firm's profits, not as the owner's personal income.

In choosing a form of business organization for a new enterprise, important factors include the ease of creation.

Contracts between a franchisee and its customers define the franchise relationship.

Normally, a franchisee determines the territory that it will serve.

In determining whether a franchisor acted in good faith in terminating a franchise relationship, a court would balance the rights of both parties.

The Uniform Partnership Act has done much to reduce controversies in the law relating to partnerships.

A partner's fiduciary duties may be waived or eliminated in the partnership agreement.

A limited liability partnership must be formed in compliance with state law.
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True
achimelech51
 
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Legal Questions. True False?

Postby curran » Sun Oct 30, 2011 6:45 am

Is this homework? It is an "unspoken" rule here on Yahoo Answers that we do not do homework. (most of us follow this rule)

See your textbook and/or your teacher and/or your classmates.

You are welcome.
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