Refer to Fact Pattern 13-1

question 344

Multiple Choice

Refer to Fact Pattern 13-1. Jeanette and Maia form a partnership. Their business is successful, but after a few years Maia decides she wants to quit and sell her partnership share to another financial manager, with Jeanette's approval. What will the legal consequences of this act be?

• A) Maia cannot legally sell her share of the business because it has no a market value
• B) Maia's sale of her partnership share will be legally invalid because the partnership is the legal creature of Jeanette
• C) Maia may sell her partnership share, but must continue to be a silent partner in the business
• D) Maia may sell her partnership share; this will result in termination of the partnership and formation of a new one
• E) Maia must become a limited partner in the business and allow Jeanette to become the dominant, general partner

Identify the roles and responsibilities of the parties involved in the issuance, transfer, and payment of negotiable instruments.

Understand how different methods of endorsement affect the negotiation process and liability.

Understand the concept and models of dreaming.

Identify and differentiate between various sleep disorders.

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