1|Page
Business Law Saunders Belmont Final Exam Prep
Test Bank Newest Actual Exam With Complete 380
Questions And Correct Detailed Answers ||Verified
Exam!!! (Verified Answers) |Already Graded
A+||Newest Exam!!!
You decide to start operating a business selling friendship
bracelets online, in your own name, and with your own
address. You do not have or use an official business name
or moniker. You are a sole proprietor.
True
False - Answers-True
You decide to start operating a business selling friendship
bracelets online; if one of the bracelets you sold falls
apart, you are liable.
True
False - Answers-True
Since you are selling friendship bracelets online, the
Internet service provider (ISP) is your agent.
,2|Page
True
False - Answers-True
You are selling friendship bracelets online and the ISP
posts bracelets that are made by the famous bracelet
maker, P. Navajo. You see the error but fail to correct it;
you are not liable.
True
False - Answers-False
You are selling friendship bracelets online and you give
very clear instructions to the ISP about how to post the
listing and photos. The ISP erroneously posts P. Navajo's
pictures, lists the bracelets at half price, and states that
you give a certificate of authenticity. None of this was
included in your instructions. The posting goes viral and
tweens and teens from all over the world order over fifty
million bracelets in one day. You are liable.
True
False - Answers-False
,3|Page
You sell friendship bracelets. You have an agreement with
your best friend, Georgina, who is a great artist in
photography, that she will photograph all her subjects
wearing your friendship bracelets. You have agreed that
you will get twenty-five percent of the proceeds from the
sale of photographs, and she will get twenty-five percent
of the sale proceeds from your bracelets. Georgina's
photography career takes off, and she starts selling her
photographs for $5,000 apiece for prints and $25,000 for
originals. They are all inspired by your friendship bracelets
and are basically commercial ads for those fantastic
bracelets. She is sixteen and made $65,000 last year in
sales alone. Now she wants to pay you only ten percent.
This is still considered a partnership.
True
False - Answers-True
You sell friendship bracelets. You have a written
agreement with your best friend, Georgina, who is a great
artist in photography, that she will photograph all her
subjects wearing your friendship bracelets. You have
agreed that you will get twenty-five percent of the
proceeds from the sale of photographs and she will get
, 4|Page
twenty-five percent of the sale proceeds from your
bracelets. You didn't register your partnership with the
state before, so your original rights are not protected.
True
False - Answers-False
You sell friendship bracelets. You have an agreement with
your best friend, Georgina, who is a great artist in
photography, that she will photograph all her subjects
wearing your friendship bracelets. You have agreed that
you will get twenty-five percent of the proceeds from the
sale of photographs and she will get twenty-five percent of
the sale proceeds from your bracelets. It turns out that
Georgina had a photo-lab partner who actually did all the
film and photo development while she just took the
pictures. This photo-lab partner wants part of her
proceeds. Because of this arrangement, you are
considered to be a partner with him.
True
False - Answers-False
Business Law Saunders Belmont Final Exam Prep
Test Bank Newest Actual Exam With Complete 380
Questions And Correct Detailed Answers ||Verified
Exam!!! (Verified Answers) |Already Graded
A+||Newest Exam!!!
You decide to start operating a business selling friendship
bracelets online, in your own name, and with your own
address. You do not have or use an official business name
or moniker. You are a sole proprietor.
True
False - Answers-True
You decide to start operating a business selling friendship
bracelets online; if one of the bracelets you sold falls
apart, you are liable.
True
False - Answers-True
Since you are selling friendship bracelets online, the
Internet service provider (ISP) is your agent.
,2|Page
True
False - Answers-True
You are selling friendship bracelets online and the ISP
posts bracelets that are made by the famous bracelet
maker, P. Navajo. You see the error but fail to correct it;
you are not liable.
True
False - Answers-False
You are selling friendship bracelets online and you give
very clear instructions to the ISP about how to post the
listing and photos. The ISP erroneously posts P. Navajo's
pictures, lists the bracelets at half price, and states that
you give a certificate of authenticity. None of this was
included in your instructions. The posting goes viral and
tweens and teens from all over the world order over fifty
million bracelets in one day. You are liable.
True
False - Answers-False
,3|Page
You sell friendship bracelets. You have an agreement with
your best friend, Georgina, who is a great artist in
photography, that she will photograph all her subjects
wearing your friendship bracelets. You have agreed that
you will get twenty-five percent of the proceeds from the
sale of photographs, and she will get twenty-five percent
of the sale proceeds from your bracelets. Georgina's
photography career takes off, and she starts selling her
photographs for $5,000 apiece for prints and $25,000 for
originals. They are all inspired by your friendship bracelets
and are basically commercial ads for those fantastic
bracelets. She is sixteen and made $65,000 last year in
sales alone. Now she wants to pay you only ten percent.
This is still considered a partnership.
True
False - Answers-True
You sell friendship bracelets. You have a written
agreement with your best friend, Georgina, who is a great
artist in photography, that she will photograph all her
subjects wearing your friendship bracelets. You have
agreed that you will get twenty-five percent of the
proceeds from the sale of photographs and she will get
, 4|Page
twenty-five percent of the sale proceeds from your
bracelets. You didn't register your partnership with the
state before, so your original rights are not protected.
True
False - Answers-False
You sell friendship bracelets. You have an agreement with
your best friend, Georgina, who is a great artist in
photography, that she will photograph all her subjects
wearing your friendship bracelets. You have agreed that
you will get twenty-five percent of the proceeds from the
sale of photographs and she will get twenty-five percent of
the sale proceeds from your bracelets. It turns out that
Georgina had a photo-lab partner who actually did all the
film and photo development while she just took the
pictures. This photo-lab partner wants part of her
proceeds. Because of this arrangement, you are
considered to be a partner with him.
True
False - Answers-False
