36. Personal property that is considered lost is something that
is:
A - Accidentally left somewhere by its owner who cannot find
it
B - Accidentally left somewhere by its owner who cannot find it and
intends to give up
ownership
C - Now the property of the finder, and it is there’s to keep as
the true owner
D - None of the above
37. Abandoned property is generally:
A - Discarded by its owner without intending to reclaim it
B - Passes title to the person who finds it and intends to keep
it
C - Is considered mislaid property
C - A and B
38. An impossibility to perform on a contract is when:
A - No one can perform on the contract
B - Only the person required to perform cannot perform on the
contract
C - It is difficult or inconvenient to perform on the
contract
D - None of the above
39. The business entity that has the least amount of personal
liability protection is the:
A - Corporation
B - Sole Proprietorship
C - Franchise
D - S Corporation
40. Taxes paid on the profits of a Sole Proprietorship are paid
as:
A - Personal Income
B - Corporation taxes
C - Not-taxable
D - Profit that is taxed twice as a Corporation
36. Personal property that is considered lost is something that is: A - Accidentally left somewhere by its owner who can
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am