Ncs Nw GI - Corp Action Plan

6 Questions | Attempts: 62
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Plan Quizzes & Trivia

This quiz is for the GI-Corp ACTION plan that was trained on 21, January 2010.


Questions and Answers
  • 1. 

    If the vesting is: John Smith and Jane Smith, DBA J&J Market, GI should be ran as?

    • A.

      Smith, John; Smith, Jane, only

    • B.

      J&J Market, only

    • C.

      Smith, John; Smith, Jane, J&J Market, only

    • D.

      John Smith and Jane Smith dba J&J Market, only

    • E.

      If it's a dba GI isn't necessary

    Correct Answer
    C. Smith, John; Smith, Jane, J&J Market, only
  • 2. 

    Does a joint venture eliminate the previous business entities?

    • A.

      Yes

    • B.

      No

    Correct Answer
    B. No
  • 3. 

    The partners of a general partnership need to be ran on GI as well as the partnership name.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
  • 4. 

    What items need to be reflected against a general partner of a partnership?  (Check all that apply)

    • A.

      Tax liens

    • B.

      Support Judgments

    • C.

      Garbage liens

    • D.

      Bankruptcies

    • E.

      Probates

    Correct Answer(s)
    A. Tax liens
    D. Bankruptcies
    E. Probates
  • 5. 

    If Adam Johnson and Steve Johnson acquire title in 2005 and deed into the Johnson LLC (which is their company) in 2008 - do the individuals need to be ran and checked until 2008?

    • A.

      Yes

    • B.

      No

    Correct Answer
    A. Yes
  • 6. 

    Are you aware that the current NW GI procedure is the proper procedure to follow for both OR and WA and takes presidence over any other instructions previously given?

    • A.

      Yes

    • B.

      No

    Correct Answer
    A. Yes

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 15, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 21, 2010
    Quiz Created by
    Ncsqclead
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