legal and equitable remedies

1. Criminal laws:

2. When is precedent not followed?

3. When the music industry filed suit against the peer-to-peer file sharers on copyrighted music, it asked for both legal and equitable remedies. Which of the following is an equitable remedy?

1. Employers may be held responsible for sexual harassment even if the employer has not been made aware that the harassment has occurred.

True

False

2. Employers are vicariously liable for the sexual harassment of their employees.

True

False

3. The sole proprietor’s personal assets are subject to business creditor attachment.

True

False

1. Partners’ personal assets cannot be reached by partnership creditors.

True

False

2. Limited partners have liability limited to the amount of their contribution to the partnership.

True

False

3. The corporate veil can be pierced for inadequate capitalization.

True

False

1. Directors are personally liable for errors in business judgment.

True

False

2. Any shareholder can demand access to the corporate books and records.

True

False

3. It is fraud to form a corporation to avoid personal liability.

True

False

1. Corporations pay double taxes, on income and shareholders on dividends.

True

False

2. Close corporations are generally publicly traded.

True

False

3. Attempting to protect one’s personal asses by avoiding liability is a legitimate reason for choosing to create a corporation.

True

False