Private cooperation or agreement between more than one person, primarily for a deceitful, illegal, or immoral cause or purpose is called:

Q: A partnership characteristic which states that a partner, acting within the scope of the operations…

A: A business can be run and operated in different forms like sole proprietorship, partnership,…

Q: A contractual agreement where two or more parties undertake an economic activity that is subject to…

A: Joint control is the agreement in which it is agreed to sharing control over the economic activity.…

Q: An "associate" is defined under PAS 28 as Choices A thing in charge of one or more things. B subject…

A: The accounting for investments in associates and the use of the equity method for these investments…

Q: Explain the role of Anticipatory Breach of Contract in non-performance of contract. Briefly state…

A: A financial contract is an independently agreed agreement, contract, or sale, purchase, exchange,…

Q: Multiple Choice 1. Which statement about joint arrangement is correct? a. There is only one party…

A: A joint arrangement is defined as the arrangement that describe under IFRS 11, under which more than…

Q: the effect of the doctrine of privity of contract is that

A: The doctrine of privity of contract states that the contract law would not impose any obligation and…

Q: True or False. The tort of defamation occurs when a person makes any statement that injures…

A: Given: The tort of deformation takes place when the reputation of one is injured by the other.

Q: Who will shoulder the costs of delinquency sale? issuing corporation lowest bidder highest bidder…

A: Delinquent Stock: If Unpaid subscription or balance thereof  are failed to  pay within 30 days from…

Q: True or False. An arbitration clause in a contract requires that any dispute concerning the contract…

A: The arbitration clause works in case of legal disputes between parties. It deals with the party's…

Q: Are there limitation as to the number the members a cooperative must have?

A: Cooperative must have 10 minimum members but maximum limit has not been set up by cooperative…

Q: In partnership, partners act in common or act as an agent to one another . What does this mean??

A: The law of agency applies to a partnership and the statement "partners act in common or act as an…

Q: Do you agree that contract should be interpreted based on an objective assessment of the parties…

A: In 2014, the Supreme Court of North American nation rendered 2 choices concerning the law of…

Q: What’s the difference between a hostile and a friendly merger?

A: A hostile takeover comes around when one company, the obtaining company, tries to require over…

Q: Why an outstanding weakness of a limited partnership interest as an investment is its lack of…

A: Partnership: It can be defined as an arrangement in which all the parties provide their respective…

Q: In a joint venture, the partners donot act in common or act as an agent to one another . What does…

A: Joint venture means where two or more persons comes together to do some business and share profit as…

Q: following is not a requisite of ‘object’?

A: This is a multiple choice question in which we have been given some options and we have to choose…

Q: mmon ?

A: Joint venture is a kind of temporary partnership which will dissolve as an when the project…

Q: If a good is characterized by easy exclusion, but many people or entities may concurrently use it…

A: The Different kind of good that States the various characteristics .   These include the public good…

Q: How are non controlling intrerests (NCI) affected by intragroup transactions?

A: Non-controlling interests are the ownership is defined where the shareholder holds less than 50% of…

Q: In what circumstances would goodwill be long-lived or short-lived?

A: Goodwill is a part of assets that is reported on the balance sheet. It is an intangible asset (that…

Q: Domestic partnerships and S Corps need not file K-2 & K-3 if the following are true

A: A. Companies need to keep records and books of account for a year for review by the Inland Revenue…

Q: Business Email Compromise (BEC) is the result of a contract negotiation conducted by two businesses…

A: Business email compromise (BEC) is a type of social engineering attack that takes place over email.…

Q: Contrast

A:

Q: Partnership is the economic relationship between two or more persons: a. Who have agreed to share…

A: Partnership is a for profit business entity that includes partners who work for profit.

Q: Briefly describe some of the anti-takeover measure used.

A: Companies are either reducing the competition or adjusting with them. This can be done with the help…

Q: importance of precompetitive alliances

A: Precompetitive alliances are partnerships formed between companies, often within the same industry,…

Q: A contract that only one of the parties can enforce in a court is not valid. True False

A: An agreement containing various terms and conditions; rights and obligations to perform that are…

Q: Is it possible for a person to form a joint venture with a business? What's your theory about that?

A: Will be explained:

Q: Briefly describe the differences between a hostilemerger and a friendly merger

A: Hostile Merger When the merger happens without approval. As when the management of the target entity…

Q: 2. One characteristic of partnership is a mutual agency, wherein the act of one is the act of the…

A: Answer:-  Partnership meaning:- A partnership is a type of business where two or more people share…

Q: This characteristic explains why partners have a right to choose or refuse who they want to be…

A: A partnership is a form of business that agrees to carry a business and share the profits according…

Q: Wrongful Call insurance is intended to protect the exporter if an importer customer decides that the…

A: The answer is False.

Q: What do we call it when one party has more information than the other party does in a transaction? O…

A: B . Assymetric information

Q: A capitalist partner is not allowed to enter into a new partnership if it is a competing business.…

A: Diligence – The obligation of the partner is to act diligently in her decisions on behalf of the…

Q: A limited partnership is formed once two individuals agree to be limited partners.

A: A partnership is a form of business that agrees to carry a business and share the profits according…

Q: Potential partners might not want to form a partnership because of the risk of having their personal…

A: The partnership is a form of business where two or more individuals agree to carry a business and…

Q: What is the difference between a connecting affiliation and a mutual ownership?

A:

Q: Give examples of obligations or contracts which are contrary to good custom.

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: prudent person concept

A: Prudent person concept is a widely used term in accounting and auditing. It suggests that the person…

Q: Which of the following statements is not true in relation to joint control?      A. Each party must…

A: Joint control is a contractually agreed-upon sharing of control over an arrangement that exists only…

Q: When goodwill already appears in the books of accounts, what should be the desired option under…

A: Goodwill is an intangible asset appearing under the heading fixed assets in the balance sheet.