This practice exam can be taken as many times as needed to feel confident and prepared for the Business Law Exam.
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An offer can be for money exchanged for goods or services OR a promised performance.CorrectIncorrect
The list of services you wil perform are what part of the contract?CorrectIncorrect
What statements must be true in order to meet the competency and capacity requirements? (Select all that apply.)CorrectIncorrect
What is the main difference in liability between S Corporations and LLCs?CorrectIncorrect
What are the owner’s liabilities regardless of entity type? (Select all that apply.)CorrectIncorrect
If your client begins the process of filing for bankruptcy, you can become an examiner for their case.CorrectIncorrect
Your client should not use the reports you provide when applying for a loan.CorrectIncorrect
Your client wants to rebrand and update their company contracts for services. Who do you recommend they seek for advice?CorrectIncorrect
The main purpose of the Sarbanes Oxley Act of 2002 is to protect whistleblowers.CorrectIncorrect
Under the Sarbanes Oxley Act of 2002, who is held responsible for the accuracy of the corporate financial statements?CorrectIncorrect