Reference no: EM13338573
1. A local retail shop has been operating as a soleproprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this ownerto incorporate?
A. the prestige of operating as a corporation
B. ability to raise capital for expansion
C. the ease in transferring shares of the corporation’sstock
D. desire to limit the owner’s personal liability
2. Which of the following statements is generally not trueabout state intermediate appellatecourts?
A. The appellate court reviews the record of the trial court.
B. Appellate court decisions are final and further appeal is notpossible.
C. The appellate court allows the parties to make oral argumentsoutlining their position.
D. The appellate court allows the parties to introduce new evidenceso long as it was not previously introduced at the originaltrial.
E. The appellate court usually allows the parties to file briefsoutlining support for their positions.