Describe the Constitutional basis for federal governmental regulation of business, including the limits of government power.
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A: At the point when you start a business, you should choose a lawful structure for it. Normally you'll…
Q: Examine the basic elements in wills, estates, and trusts.
A: The term estate planning refers to a process that is used to decide how the assets of a person will…
Q: Outline five duties of a Promoter in company law.
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Q: To form an S Corporation, the company must first organize as a domestic corporation in a state and…
A: Corporate law is a specialized branch of business law dealing with the legal framework governing…
Q: A corporation in any states in which it does business except the one in which it is incorporated O…
A: A corporation is a sort of organization—mainly a group of individuals or a business—authorized…
Q: The Partnership Act 1890 section 24 sets out rights of partners (in default of their own agreement).…
A: Partnership refers to the type of business in which two or more persons make forma agreement to…
Q: True or False Since articles of incorporation provisions are intramural in nature and are not meant…
A: Articles of incorporation - They are legal documents that are filed with the government to create a…
Q: Pritchard & Baird was a reinsurance broker. A reinsurance broker arranges contracts between…
A: Misappropriation of funds is described as an unlawful, improper and unauthorized usage of property…
Q: If the Legislature of a province enacts legislation that is not authorized under s.92 of the…
A: The Canadian Constitution, including the Constitution Act, 1867, sets out a delicate balance of…
Q: Identify the main branches of law which are of most concern and relevance to people engaged in…
A: The main branches of law that are of most concern and relevance to people engaged in business are:…
Q: Smith, a shareholder, filed suit against the board of directors of a corporation in which he had…
A: A shareholder, also described as a stockholder, is an individual, corporation, as well as…
Q: Explain the circumstances under which you feel a consumer bankruptcy is appropriate, and when the…
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Q: Examine special types of corporations, including S-corporations, limitedliability companies, and…
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Q: . Explain what constitutes an act of bankruptcy according to canadian law
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Q: The Johnson Company, a corporation organized under the laws of State X, after proper authorization…
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Q: homas Persson and Jon Nokes founded Smart Inventions, Inc., to market household consumer products.…
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Q: Describe the nature and purpose of administrative agencies.
A: Agencies are the organizations that provide specific services to the people on other’s behalf.
- Describe the Constitutional basis for federal governmental regulation of business, including the limits of government power.
- Examine the basic elements in wills, estates, and trusts.
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- a debtor fails to appear at the Chapter 7 creditors' meeting, the court may refuse to grant the bankruptcy. True FalseA corporation cannot be prosecuted for the commission of criminal acts. True or false?Discuss the legal responsibilities and liabilities of directors and officers in a corporation. What fiduciary duties do they owe to the company and its shareholders? What are the potential legal consequences for breaching these duties?
- Describe the differences between a sole proprietorship, a partnership, and a corporation as business entities, including their advantages and disadvantages from a legal perspective.The McDonald Investment Company was a corporation organized and incorporated in the state of Minnesota. The principal and only place of business from which the company conducted operations was Rush City, Minnesota. More than 80 percent of the company’s assets were located in Minnesota, and more than 80 percent of its income was derived from Minnesota. McDonald sold securities to Minnesota residents only. The proceeds from the sale were used entirely to make loans and other investments in real estate and other assets located outside the state of Minnesota. The company did not file a registration statement with the SEC. Does this offering qualify for an intrastate offering exemption from registration? Explain your answer.Explain the executive or enforcement function of administrative agencies.
- Explain the case of Regentcrest plc v. Cohen. And the consequences they facedMork and Mindy create a for-profit corporation, Mork's House, to provide shelter to homeless and abused women and children. Mork and Mindy are shareholders of the corporation. Zada is also a shareholder in the corporation, along with five others. Douglas manages the day-to-day operations of the corporation. The bylaws of the corporation provide that the corporation is established for the sole purpose of providing shelter, food, and care for homeless and abused women and children and for no other purpose. When the refrigerator in Mork's House stops working, Douglas purchases a new refrigerator from Home Depot and charges it to the corporation. If Zada challenges the purchase as being ultra vires: she will lose, because purchasing the refrigerator is an express power of the corporation. she will lose, because purchasing the refrigerator is an act reasonably necessary to accomplish the goals. she will win, because the bylaws do not address purchases of appliances. she will win, because…The client seeks advice concerning the actions of the majority stockholder in a small corporation. The majority stockholder owns 58 percent of the stock, and the client and another shareholder together own 42 percent. The majority stockholder controls the board of directors and is president of the corporation. He refuses to allow the corporation to issue any stock dividends. Until recently, the client and the other minority stockholder worked for the corporation. Last month, the majority stockholder fired the client and the minority stockholder. What sections of Am. Jur. 2d discuss this topic?
- Define real property under the common law. How does real property differ from the personal property? Distinguish between surface rights and subsurface rights. Can vegetation or plants ever become real property?Describe the holding in Hawaii Housing Authority v. Midkiff; and explain why the Supreme Court cited the case in its holding in Kelo v. City of New London