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

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

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