7/17/25, 8:05
AM
BLAW 210 EXAM 2 PRE-TEST EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED LATEST UPDATE GRADED A++
2025/2026
Terms in this set (30)
Bones Athletics LLC's members include a separate legal entity
Jon. For purposes of suing and being apart from the owners.
sued, Bones Athletics is:
a separate legal entity apart from the
owners.
a non-participating third party. an
untouchable corporation
an aggregate of Jon and the other
members.
"Evil Capitalists Corporation" and stock certificates
"Comrades Communist Caring Coop",
merge to form a single corporation. The
ownership of the corporation is
represented by:
partnership agreements stock
certificates
trust documents title
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 1/
flash-cards/ 26
,7/17/25, 8:05
AM
documents
Following Blizzard Inc.'s punishment of business judgment rule
pro-Hong Kong speech by players, the
price of Blizzard Inc.'s stock plummets and
the shareholders sue the Board of
Directors for capitulating to the demands
of the Chinese Communist Party. What is
their best defense to this lawsuit?
limited liability business
judgment rule the First
Amendment duty of
obedience
Which of the owners are personally liable
following is
NOT a
characteristic
of a
corporation?
owners are
personally
liable.
perpetual existence.
separate legal
entity from
owners.
centralized
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 2/
flash-cards/ 26
, 7/17/25, 8:05
AM
management
Van Der Linde, Inc. to avoid double taxation.
decides to dissolve
and become a
partnership. What
would be the
advantage of doing
this?
because it is
easier to get
financing. to
avoid the
corporation's
debts.
to avoid
double
taxation. to
establish
limited
liability.
You own 5 shares You get $5, and the other $5 goes to the 10
of preferred stock common stock shareholders.
in BLAW Inc. The
other 10
shareholders of
BLAW Inc. own 100
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 3/
flash-cards/ 26
AM
BLAW 210 EXAM 2 PRE-TEST EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED LATEST UPDATE GRADED A++
2025/2026
Terms in this set (30)
Bones Athletics LLC's members include a separate legal entity
Jon. For purposes of suing and being apart from the owners.
sued, Bones Athletics is:
a separate legal entity apart from the
owners.
a non-participating third party. an
untouchable corporation
an aggregate of Jon and the other
members.
"Evil Capitalists Corporation" and stock certificates
"Comrades Communist Caring Coop",
merge to form a single corporation. The
ownership of the corporation is
represented by:
partnership agreements stock
certificates
trust documents title
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 1/
flash-cards/ 26
,7/17/25, 8:05
AM
documents
Following Blizzard Inc.'s punishment of business judgment rule
pro-Hong Kong speech by players, the
price of Blizzard Inc.'s stock plummets and
the shareholders sue the Board of
Directors for capitulating to the demands
of the Chinese Communist Party. What is
their best defense to this lawsuit?
limited liability business
judgment rule the First
Amendment duty of
obedience
Which of the owners are personally liable
following is
NOT a
characteristic
of a
corporation?
owners are
personally
liable.
perpetual existence.
separate legal
entity from
owners.
centralized
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 2/
flash-cards/ 26
, 7/17/25, 8:05
AM
management
Van Der Linde, Inc. to avoid double taxation.
decides to dissolve
and become a
partnership. What
would be the
advantage of doing
this?
because it is
easier to get
financing. to
avoid the
corporation's
debts.
to avoid
double
taxation. to
establish
limited
liability.
You own 5 shares You get $5, and the other $5 goes to the 10
of preferred stock common stock shareholders.
in BLAW Inc. The
other 10
shareholders of
BLAW Inc. own 100
https://quizlet.com/837608430/blaw-210-exam-2-pre-test- 3/
flash-cards/ 26
