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BLAW 3310 EXAM 3 QUESTIONS WITH 100% CORRECT ANSWERS..

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BLAW 3310 EXAM 3 QUESTIONS WITH 100% CORRECT ANSWERS

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Court-Decreed Liens


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- Attachment lien
- Judgement lien




Partnership Basis


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The percentage of profits and losses that each partner gets; based on how
much each partner contributed when joining the partnership.

,Equal Employment Opportunity commission (EEOC)


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A federal agency designed to regulate and enforce the provisions of Title
VII: Civil Rights Act of 1964




The Chief Executive Officer (CEO)


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Who hires the corporation's employees?




Formation of a LLC


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Formed by filing a Certificate/Articles of organization with the secretary of
state.

- Signed by members




Reasonable Accommodations for Religions


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, Employer is requires to provide religious accommodations; so long as they
cause no undue hardships




Reasonable Accommodation ( ADA )


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Required modification to workspace for disabled person to work; unless it
is a undue hardship on the company

- Undue Hardship = millions of dollars to make modifications




Family Emergency Medical Leave Act (FMLA)


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Mandates up to 12 weeks leave without pay for "serious health condition" of
employees.

- Health care benefits are still intact while on leave




Formation of Limited Partnership


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, Requires a certificate of Limited Partnership based on the ULPA
Requirements

- Form 205; Certificate of formation




Security Interest


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Superior rights against the borrower to collect collateral from failed debt
obligations




Attachment Lien


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Court-ordered seizure of goods from customer to prevent disposal of
goods




Territorial Rights


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Rule limiting a franchisor from placing another franchisee near a existing
one without compensation/permission

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