Ncs Nw GI - Corp Action Plan Follow-up
5 Questions
| Attempts: 75
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If the vesting is a general partnership - only the partnership name needs to be ran.
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True
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False
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About This Quiz
This is the follow-up test for the NW GI-Corp ACTION Plan for Q1.
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- 2.
If the vesting is: John Smith and Jane Smith, DBA J&J Market, GI should be ran as? (Mark all that apply)
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Smith, John
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Smith, Jane
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DBA J&J
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Johnsmith Janesmith
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J&J Market
Correct Answer(s)
A. Smith, John
A. Smith, Jane
A. J&J Market -
- 3.
Does a joint venture eliminate the previous business entities?
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Yes
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No
Correct Answer
A. No -
- 4.
What items need to be reflected against a general partner of a partnership?
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Tax Liens
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Support Judgments
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Probates
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Bankruptcies
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Garbage Liens
Correct Answer(s)
A. Tax Liens
A. Probates
A. Bankruptcies -
- 5.
If Jack and Jill acquire a property in 2005 and in 2008 they deed into the Jack & Jill, LLC - GI needs to be pulled only on the LLC.
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True
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False
Correct Answer
A. False -
Quiz Review Timeline (Updated): Mar 19, 2022 +
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Current Version
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Mar 19, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 10, 2010Quiz Created by
Ncsqclead
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