Ncs Nw GI - Corp Action Plan Follow-up

5 Questions | Total Attempts: 75

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Plan Quizzes & Trivia

This is the follow-up test for the NW GI-Corp ACTION Plan for Q1.


Questions and Answers
  • 1. 
    Does a joint venture eliminate the previous business entities?
    • A. 

      Yes

    • B. 

      No

  • 2. 
    If the vesting is a general partnership - only the partnership name needs to be ran.
    • A. 

      True

    • B. 

      False

  • 3. 
    What items need to be reflected against a general partner of a partnership?
    • A. 

      Tax Liens

    • B. 

      Support Judgments

    • C. 

      Probates

    • D. 

      Bankruptcies

    • E. 

      Garbage Liens

  • 4. 
    If the vesting is: John Smith and Jane Smith, DBA J&J Market, GI should be ran as?  (Mark all that apply)
    • A. 

      Smith, John

    • B. 

      Smith, Jane

    • C. 

      DBA J&J

    • D. 

      Johnsmith Janesmith

    • E. 

      J&J Market

  • 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.
    • A. 

      True

    • B. 

      False

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