Writing under the statute of frauds

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Reference no: EM132267807

1. The topic of this week's lecture was:

A. Introduction to quantum mechanics

B. Introduction to molecular biology

C. US-China trade war

D. Probably one of the first three (i.e., either a., b., or c., but definitely not e.)

E. Supply chain management

2. Organizations invest data collection and storage as part of their various business processes. The tools of data management include database management systems, extract transform and load tools, metadata directories, and the like. Rigor and discipline in the use of these tools is essential to ensure that:

a. all essential data is collected for each business process

b. all data is standardized across the enterprise

c. the total cost of data management is kept under control

d. the stored data is of the highest quality and accuracy and that it is readily retrievable

3. How long should a general partnership have existed for it to be in writing under the Statute of Frauds?

a. six months

b. one year

c. 180 days

d. five years

4. If a corporation is a general partner to a limited partnership, which of the following would result from the dissolution of the corporation?

a. transfer of the partnership to other parties

b. reformation of the limited partnership

c. dissolution of the limited partnership

d. creation of a general partnership

5. Which of the following is NOT true regarding partnerships?

a. Partnerships are conduits for tax purposes.

b. Partnerships are separate taxable entitites.

c. Partners can bring an action for an accounting.

d. Partnerships do pay employment taxes.

Reference no: EM132267807

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