Homework Answers
Solution:
Corporations:
1. Are citizens of their state of incorporation
2. Are citizens of their principal place of business.
Hence option D "Both A and C" are correct.
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17. Corporations A. Are citizens of their state of incorporation B. Are a legal fiction and...
18,19,20 18) Adam, Terry and Victor want to form ATV Corporation. Which of the following is not a step in forming the corporation? 15. (a) selecting a state of incorporation (b) preparing articles...
18,19,20
18) Adam, Terry and Victor want to form ATV Corporation. Which of the following is not a step in forming the corporation? 15. (a) selecting a state of incorporation (b) preparing articles of incorporation (c) adopting bylaws at a shareholders' meeting (d) filing articles of incorporation (e) none of the above 16 17 19) Tim and Myra started a general partnership called "Purrrfect Pets". Tim and Myra each have personal assets exceeding $200,000 in value; however, Tim only invested...
Please answer these questions as Yes or No and explain in two to three sentences that...
Please answer these questions as Yes or No and explain in two to
three sentences that WHY you consider this as Yes or No
Homes Away from Home 6. Carella (New York) collides with McGec (Florida) during a car chase in New York City. Carella is disabled in the accident, retires to Florida, and sues McGee in a federal district court in Florida. Is the suit proper? Corporate Diversity 8. Carella (New York) sues Underworld, Inc., incorporated in Delaware, doing...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
9 Sales Tax Receipts. The state of Texas maintains records pertaining to the economic development of corporations i...
9 Sales Tax Receipts. The state of Texas maintains records pertaining to the economic development of corporations in the state. From the Economic Development Corporation Report, the following frequency distribution table summarizes the sales tax receipts from the state's Type 4A development corporations during a recent fiscal year. Suppose that one of these Type 4A development corporations is selected at random. Let ... A= event the receipts are less than $25,000 event the receipts are between $25,000 and $49,999 Receipts...
When a state court hears a case involving incidents that took place in more than one...
When a state court hears a case involving incidents that took place in more than one state or entirely in a different state 2__problem may arise. a. conflict-of-law b. conflict-of-court C. conflict-of-state d. none of the other choices are correct L e coniict-01.jurisdiction 77 State courts such as municipal courts or probate courts are called courts of: a. none of the other choices are correct c b. general jurisdiction c. appellate jurisdiction Con d. limited jurisdiction e. small claims The...
is the length of time legal action can be taken after an even varics from state...
is the length of time legal action can be taken after an even varics from state to state. a. Release of tortfeasor b. Respondeat superior c. Statute of limitations d. Locum tenens e. Res ipsa loquitor event has occurred. The time limit nas already been decided by the art and the plaintiff cannot bring a means the case has already been decided by th similar suit against the defendant in the future. a. Release of tortfeasor b. Respondeat superior c....
Many studies find that there is a strong relationship between: a. a well-functioning legal system and...
Many studies find that there is a strong relationship between: a. a well-functioning legal system and the birth rate b. the level of corruption and life expectancy c. a well-functioning legal system and the number of prisons d. a well-functioning legal system and the level of economic development e. none of the other choices The doctrine of stare decisis can be defined as: a. laws setting forth rules for relationships between people b. none of the other choices are correct...
its a Account in business subject question of ACCA course. please state reason or example if...
its a Account in business subject question of ACCA
course. please state reason or example if needed.
Test your understanding 1 Consider the following statements: (0) Senior courts are a source of supra-national authority. (ii) Legislation and policy can both be used by government to affect organisations Which of these statements is/are correct? A B (i) only (ii) only Both Neither D
2. Early English courts a. relied exclusively on Norman Law. b. included courts of law and...
2. Early English courts a. relied exclusively on Norman Law. b. included courts of law and equity. c. heard cases that only applied to the nobility. d. were often subject to bribery. 4. A legal precedent a. is no longer valid 50 years after the case is decided. b. is no longer valid 100 years after the case is decided. c. cannot be overruled. d. remains valid unless and until overruled by a later case or statute. 5. Judicial...
True or False 1. S corporations are different from regular or C (conventional) whereby they include...
True or False 1. S corporations are different from regular or C (conventional) whereby they include double taxation stipulations and both carry their losses forward to offset them against future profits of the company. Questions2~4 are multiple choice (and have answers that are correct; however, you are to choose the answer that comes first.) 2.Gen Vers were affected by: A. hurried childhood divorce and known as "latchkey kids" B. prefer free agency to loyal corporatism C. sometimes known or criticized...
18,19,20
18) Adam, Terry and Victor want to form ATV Corporation. Which of the following is not a step in forming the corporation? 15. (a) selecting a state of incorporation (b) preparing articles of incorporation (c) adopting bylaws at a shareholders' meeting (d) filing articles of incorporation (e) none of the above 16 17 19) Tim and Myra started a general partnership called "Purrrfect Pets". Tim and Myra each have personal assets exceeding $200,000 in value; however, Tim only invested...
Please answer these questions as Yes or No and explain in two to
three sentences that WHY you consider this as Yes or No
Homes Away from Home 6. Carella (New York) collides with McGec (Florida) during a car chase in New York City. Carella is disabled in the accident, retires to Florida, and sues McGee in a federal district court in Florida. Is the suit proper? Corporate Diversity 8. Carella (New York) sues Underworld, Inc., incorporated in Delaware, doing...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
9 Sales Tax Receipts. The state of Texas maintains records pertaining to the economic development of corporations in the state. From the Economic Development Corporation Report, the following frequency distribution table summarizes the sales tax receipts from the state's Type 4A development corporations during a recent fiscal year. Suppose that one of these Type 4A development corporations is selected at random. Let ... A= event the receipts are less than $25,000 event the receipts are between $25,000 and $49,999 Receipts...
When a state court hears a case involving incidents that took place in more than one state or entirely in a different state 2__problem may arise. a. conflict-of-law b. conflict-of-court C. conflict-of-state d. none of the other choices are correct L e coniict-01.jurisdiction 77 State courts such as municipal courts or probate courts are called courts of: a. none of the other choices are correct c b. general jurisdiction c. appellate jurisdiction Con d. limited jurisdiction e. small claims The...
is the length of time legal action can be taken after an even varics from state to state. a. Release of tortfeasor b. Respondeat superior c. Statute of limitations d. Locum tenens e. Res ipsa loquitor event has occurred. The time limit nas already been decided by the art and the plaintiff cannot bring a means the case has already been decided by th similar suit against the defendant in the future. a. Release of tortfeasor b. Respondeat superior c....
Many studies find that there is a strong relationship between: a. a well-functioning legal system and the birth rate b. the level of corruption and life expectancy c. a well-functioning legal system and the number of prisons d. a well-functioning legal system and the level of economic development e. none of the other choices The doctrine of stare decisis can be defined as: a. laws setting forth rules for relationships between people b. none of the other choices are correct...
its a Account in business subject question of ACCA
course. please state reason or example if needed.
Test your understanding 1 Consider the following statements: (0) Senior courts are a source of supra-national authority. (ii) Legislation and policy can both be used by government to affect organisations Which of these statements is/are correct? A B (i) only (ii) only Both Neither D
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