1. Discuss briefly the kinds of powers that a corporation can exercise.
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1. Discuss briefly the kinds of powers that a corporation can exercise.
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- QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…Which is true about a limited partnership (LP)? a. General partners are exposed to liability for all of the businesses’ debts, and limited partners are only exposed to the extent of their investment b. Limited partners are exposed to liability for all of the businesses’ debts, and general partners are only liable to the extent of their investment c. All partners, both general and limited, are exposed to liability for all of the businesses’ debts d. All partners are exposed to liability only to the extent of their investmentA general partnership would be the best choice of legal entity for a business such as a manufacturing company. True False
- Subject: Business Law and Regulations Topic: Nonstock Corporation 3. During the Annual Members meeting of Kampante Corporation, Jose a member nominated Atty. Joshua the retainer lawyer of the corporation citing as ground that due to the good legal representations of the latter for the corporation wants him to serve in the board as a trustee. Mr Kent objected on the ground that Atty. Joshua is not qualified not being a member thereat. a. Is the nomination by Joe of Atty. Joshua valid? b. Is the objection of Mr. Kent based on the ground cited meritorious?1a. What are the general characteristics of bailments? 1b. List and describe the elements of a bailment. 1c. Describe the various types of bailments and provide an example of each.Compare the actual governance of closely held corporations, the actual governance of publicly held corporations, and the statutory model of corporate governance.
- 1. Goldie and Hattie want to develop real estate and want to organize it under their state's Revised Uniform Limited Partnership Act. (a) Please advise Goldie and Hattie about what they will need to create and capitalize their partnership. (b) What advantages does the limited partnership business form offer to them over the general partnership? (c) What should Goldie and Hattie expect about their personal liability and tax situation?Merger The board of directors of Plant Indus-tries, Inc. ( Plant), under the guidance of Robert B. Bregman, the chief executive officer of the corporation, embarked on a course of action that resulted in the sale of several unprofitable subsidiaries. Bregman then engaged in a course of action to sell Plant National ( Quebec) Ltd., a subsidiary that constituted Plant’s entire Canadian operations. This was a profitable subsidiary that comprised more than 50 percent of Plant’s assets, sales, and profits. Do Plant’s shareholders have to be ac-corded voting and appraisal rights regarding the sale of this subsidiary?Shep and Gerald are nearing the end of the production of their new film, "It All Falls Sideways," and are seeking advice on how to end their limited partnership. Shep and Gerald have some outstanding bills and still expect some income as well. (a) What steps are necessary to end this limited partnership? (b) What would happen if Shep wanted to end the partnership, but Gerald wanted to continue making films? (c) What must Shep and Gerald do to wind up and distribute the remaining assets?
- 1. What are the general characteristics of bailments? 1a. List and describe the elements of a bailment. 1b. Describe the various types of bailments and provide an example of each.24. When determining whether a partnership exists, which of the following factors would a court consider? Group of answer choices A. Whether the organization intended to make a profit B. Were the participants involved in the management of the business? C. Did the participants have an agreement? D. All of the abovePhillip is a broker who was hired by Sam to help him find a new investment property. Phillip identifies a property that fits Sam's investing criteria. Sam asks Phillip to do some research and provide him with an opinion of title on the property. Is Phillip permitted to do this? ○ No. This would be considered an unauthorized practice of law. No. Phillip needs his sales associates license in order to issue an opinion of title. Yes. Brokers are always permitted to issue an opinion of title. Yes. As long as Phillip notifies FREC, he can issue an opinion of title.
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