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Memo Detailing - Business Associations - Exam, Exams of Business Management and Analysis

This is the Exam of Business Associations and its key important points are:Memo Detailing, Valuable Technology, Corporate Charter, Board of Company, Proxy Statement, Staff Attorney, Value of Company, Provision Protecting, Portable Computer Printers

Typology: Exams

2012/2013

Uploaded on 02/15/2013

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Exam #
FINAL EXAM
BUSINESS ASSOCIATIONS
PROFESSOR MARC GREENGERG
FALL 2010
1. You have two hours to complete this exam. You are not required to spend the entire time
working on the exam - the average time for completion is slightly over one hour. I
recommend that you spend thirty minutes on the multiple-choice questions, and 1.5 hours on
the essay question. Try to avoid the temptation to second-guess yourself on the multiple-
choice questions – your initial instinct is often the most accurate.
2. THIS IS A CLOSED BOOK EXAM. You may not bring in or use any notes, books or other
materials to assist you in responding to the questions.
3. The exam has two components – a set of 20 multiple-choice questions, and a single essay
question. The multiple-choice questions are each worth one (1) point, for a total of 20 points.
The essay question is worth 60 points.
4. With respect to the multiple choice question section, you must use the PARSCORE form to
enter your answers. You may use a pen or pencil. Follow the directions on the score form.
Please be careful not to make any stray marks.
5. With respect to the essay question, answer it as fully as you can, citing any appropriate cases,
model rules, industry standards, and statutes that are relevant.
6. WITH RESPECT TO THE ESSAY QUESTION, DO NOT WRITE ON BOTH SIDES OF
THE PAGE. WRITE LEGIBLY OR PRINT IF YOUR HANDWRITING IS DIFFICULT
TO READ. If I cannot read your response to a question, your grade will be adversely
affected. Be sure to write your exam number on your blue books and on the exam question.
Turn in all questions, scratch paper and blue books after the conclusion of the exam.
7. On the essay question, I recommend that you first spend about thirty (30) minutes issue-
spotting and outlining your response, before you start writing. This way you are less likely to
miss issues or to submit a disorganized response. Points are deducted if you miss an issue.
The essay question contains a number of different issues. Each issue is worth the same
amount of points (for example, if there are ten (10) issues, they are each worth 6 points
towards the total of 60 points). To obtain a high score, you will need to properly identify and
respond to all of the issues.
8. Write your exam number on your exam envelope. Put your correct class section and student
exam # at the top of this page, each page of questions, each blue book, and the “PARSCORE
TEST FORM.” Do not use your name, student ID number or Social Security Number on any
exam materials. If your answer to the essay question requires more than one blue book, make
sure to number each blue book, ie: Book One of Two.
Greenberg: Business Associations, Final Exam, Fall 2010 Page 1 of 10
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FINAL EXAM

BUSINESS ASSOCIATIONS

PROFESSOR MARC GREENGERG

FALL 2010

  1. You have two hours to complete this exam. You are not required to spend the entire time working on the exam - the average time for completion is slightly over one hour. I recommend that you spend thirty minutes on the multiple-choice questions, and 1.5 hours on the essay question. Try to avoid the temptation to second-guess yourself on the multiple- choice questions – your initial instinct is often the most accurate.
  2. THIS IS A CLOSED BOOK EXAM. You may not bring in or use any notes, books or other materials to assist you in responding to the questions.
  3. The exam has two components – a set of 20 multiple-choice questions, and a single essay question. The multiple-choice questions are each worth one (1) point, for a total of 20 points. The essay question is worth 60 points.
  4. With respect to the multiple choice question section, you must use the PARSCORE form to enter your answers. You may use a pen or pencil. Follow the directions on the score form. Please be careful not to make any stray marks.
  5. With respect to the essay question, answer it as fully as you can, citing any appropriate cases, model rules, industry standards, and statutes that are relevant.
  6. WITH RESPECT TO THE ESSAY QUESTION, DO NOT WRITE ON BOTH SIDES OF THE PAGE. WRITE LEGIBLY OR PRINT IF YOUR HANDWRITING IS DIFFICULT TO READ. If I cannot read your response to a question, your grade will be adversely affected. Be sure to write your exam number on your blue books and on the exam question. Turn in all questions, scratch paper and blue books after the conclusion of the exam.
  7. On the essay question, I recommend that you first spend about thirty (30) minutes issue- spotting and outlining your response, before you start writing. This way you are less likely to miss issues or to submit a disorganized response. Points are deducted if you miss an issue. The essay question contains a number of different issues. Each issue is worth the same amount of points (for example, if there are ten (10) issues, they are each worth 6 points towards the total of 60 points). To obtain a high score, you will need to properly identify and respond to all of the issues.
  8. Write your exam number on your exam envelope. Put your correct class section and student exam # at the top of this page, each page of questions, each blue book, and the “PARSCORE TEST FORM.” Do not use your name, student ID number or Social Security Number on any exam materials. If your answer to the essay question requires more than one blue book, make sure to number each blue book, ie: Book One of Two.
  1. At the conclusion of the exam, return all test materials, including blue books, ParScore answer sheet, scratch paper, and this exam packet to the envelope and submit it to the proctor. DO NOT seal the envelope. Students who do not return all exam materials at the end of the exam may not be graded.

GOOD LUCK

You work for the SEC as a staff attorney. Ms. C, a Director of Company A, upset at the number of people who have been damaged by this course of events, and feeling guilty about her involvement, contacts the SEC and discloses the fact pattern discussed above. Your supervising attorney asks you to send a memo detailing what laws have been violated, what claims or causes of action may be asserted by the SEC, who will be the defendants in any action, what defenses are available to them, and what the likely outcome of the litigation will be. Prepare your memo.

END OF EXAM