Ncs Nw GI - Corp Action Plan

6 Questions | Total 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

  • 2. 
    Does a joint venture eliminate the previous business entities?
    • A. 

      Yes

    • 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

  • 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

  • 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

  • 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

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