Question 1. 1. (TCO 1) Analyze the federal government's division of powers between its three branches. (Points : 10) Question 2. 2. (TCO 1) How does the law maximize individual freedom? (Points : 10) Question 3. 3. (TCO 2) Discuss the major criticism against ethical fundamentalism. (Points : 10) Question 4. 4. (TCO 3) What is distributional interest? A member of an LLC transfers his distributional interest to his brother. Will his brother be considered a member of the LLC? Give arguments in support of your answer. (Points : 10) Question 5. 5. (TCO 3) Why is it a good practice for partners to put their partnership agreement in writing? (Points : 10) Question 6. 6. (TCO 3) Explain how the treatment of corporations as a separate legal entity frees shareholders from a liability to the organization's debts and obligations. (Points : 10) Question 7. 7. (TCO 2) Explain utilitarianism with an example. (Points : 10) Question 8. 8. (TCO 1) Discuss the difference between the historical school of jurisprudence and the analytical school of jurisprudence. (Points : 10) Question 9. 9. (TCO 1) Why is a long-arm statute needed? What are the circumstances under which long-arm jurisdiction is generally permitted over nonresidents? (Points : 10) Question 10. 10. (TCO 3) Analyze, in brief, the rights of general partners. (Points : 10)
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