NAU ACC 205 FINAL EXAM || MOST RECENT
EXAM 2026-2027 ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM |
JUST RELEASED!!
when one party can greatly influence another party, thus
overcoming that
party's free will (voidable contract because it lacks
voluntary consent) -
ANSWER -undue
influence
must legally form (articles of incorporation), duration is forever,
liability is limited
for each owner, flexible - ANSWER -LLC (Limited
Liability Company)
no more than 100 shareholders (not publicly traded); flow-
through taxation -
ANSWER -S
corporation
traditional; publicly traded; double taxation - ANSWER -C
corporation
,--assumption of risk (knowledge and voluntary assumption (ex.
skydiving))
--contributory/ comparative (expectation of reasonable degree
of care) --superseding clause (unforeseeable event) - ANSWER
-defenses of negligence
reduces the damages a person can collect if their own
negligence contributed to
the incident - ANSWER -contributory/
comparative negligence
relieves liability of the person who caused the incident if the
effects of the incident were unforeseeable (guy rear ends truck
with flammables--guy not liable for truck bursting into flames) -
ANSWER -superseding clause
worker whose working conditions and methods are not
controlled by employer;
not an employee but still owes fiduciary duty to
employer - ANSWER -
independent
contractor
victim can sue the assailant, court will order assailant to pay
for medical bills,
etc. - ANSWER -assault/ battery
(as tort)
, state prosecutes assailant, court will order assailant to be fined
or imprisoned -
ANSWER -assault/ battery (as
crime)
person has knowledge of the risks and voluntarily consents to
them (skydiving,
shark cage, Disney) - ANSWER -
assumption of risk
giving someone incentive to do what you want - ANSWER -
bribery
signing someones name without their permission - ANSWER -
forgery
entry of a building with intent to commit a felony - ANSWER -
burglary
wrongful taking with intent of permanent deprivation - ANSWER
-larceny/ theft
forceful and unlawful taking - ANSWER -robbery
had lawful possession at one time, but transferred it into
personal possession
(not paying employees, etc) - ANSWER -
embezzlement
EXAM 2026-2027 ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM |
JUST RELEASED!!
when one party can greatly influence another party, thus
overcoming that
party's free will (voidable contract because it lacks
voluntary consent) -
ANSWER -undue
influence
must legally form (articles of incorporation), duration is forever,
liability is limited
for each owner, flexible - ANSWER -LLC (Limited
Liability Company)
no more than 100 shareholders (not publicly traded); flow-
through taxation -
ANSWER -S
corporation
traditional; publicly traded; double taxation - ANSWER -C
corporation
,--assumption of risk (knowledge and voluntary assumption (ex.
skydiving))
--contributory/ comparative (expectation of reasonable degree
of care) --superseding clause (unforeseeable event) - ANSWER
-defenses of negligence
reduces the damages a person can collect if their own
negligence contributed to
the incident - ANSWER -contributory/
comparative negligence
relieves liability of the person who caused the incident if the
effects of the incident were unforeseeable (guy rear ends truck
with flammables--guy not liable for truck bursting into flames) -
ANSWER -superseding clause
worker whose working conditions and methods are not
controlled by employer;
not an employee but still owes fiduciary duty to
employer - ANSWER -
independent
contractor
victim can sue the assailant, court will order assailant to pay
for medical bills,
etc. - ANSWER -assault/ battery
(as tort)
, state prosecutes assailant, court will order assailant to be fined
or imprisoned -
ANSWER -assault/ battery (as
crime)
person has knowledge of the risks and voluntarily consents to
them (skydiving,
shark cage, Disney) - ANSWER -
assumption of risk
giving someone incentive to do what you want - ANSWER -
bribery
signing someones name without their permission - ANSWER -
forgery
entry of a building with intent to commit a felony - ANSWER -
burglary
wrongful taking with intent of permanent deprivation - ANSWER
-larceny/ theft
forceful and unlawful taking - ANSWER -robbery
had lawful possession at one time, but transferred it into
personal possession
(not paying employees, etc) - ANSWER -
embezzlement
