State the grounds under which a firm may be compulsorily dissolved .
Q: Evaluate and explain why the concept of unlimited liability is a concern for the sole proprietor.
A: Sole proprietorship is a type of business ownership where all the ownership and control lies in the…
Q: steps in company registration, the nature of legal &corporate personality the enactment of status…
A: In this Explanation, we discussed the steps involved in company registration, the nature of legal…
Q: Explain the three legal forms a business could take and state its conclusion
A: Business: A business is characterized as an association or venturesome element occupied with…
Q: Merrill Lynch employed Post and Maney as account executives. Both men elected to be paid a salary…
A: Case: ML has employed P and M on the role of account executive on the employment terms includes…
Q: In 1983 the Bell telephone system, which operated as AT&T, was broken up, resulting in the creation…
A: The case revolves around an urgent occasion in the broadcast communications industry: the 1983…
Q: Why would a business support allowing a transfer of rights or duties to third parties?.
A: Transferring rights or duties to third parties is a common method for businesses to increase…
Q: Tri R Angus, a closely held corporation, was owned 80 percent by Jon and Frances Neiman, who were…
A: Because the court believed that the defendant's state of mind is difficult to prove, in order for…
Q: Sally and Tom decide to go into business, selling discounted merchandise through their website…
A: A code of ethics in business is a collection of guiding principles which are created to ensure a…
Q: The stock in Hotel Management, Inc., a hotel management corporation, was divided equally between two…
A: Yes, the owners will get succeed in dissolution process as the corporation is about to get insolvent…
Q: A partnership is required to register its business name with the appropriate state agency O In all…
A: Organizational goals specify the exact objectives that a business or organization hopes to achieve…
Q: Kenneth Thomas brought suit against his former employer, Kidder, Peabody & Company, and two of…
A: Answer: Case summary: Based on the commission of sales of securities, Mr.Kenneth Thomas had a…
Q: Jean died in a common-law state in 2023 and was survived by her husband, Loren, and three adult…
A: The net federal estate tax is a charge made by the federal government of the United States on the…
Q: Broker Alex decided to end her listing agreement with Seller Bonnie because Bonnie has been very…
A: The objective of the question is to identify the type of agency termination that best describes the…
Q: Explain the Scope of Municipal Law of the Ship's Registry
A: The objective of the question is to understand the scope of municipal law in the context of a ship's…
Q: The application of the doctrine separate legal entity has rendered the person who act on behalf of…
A: A company is a “Separate Legal Entity” having its own identity distinct from its members. It states…
Q: Albert, Betty, and Carol own and operate the Roy Lumber Company, a limited liability partnership…
A: Limited liability partnership is described as a form of partnership where the liabilities of the…
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: In August, Victoria Air Conditioning, Inc. (VAC), entered into a subcontract for insulation services…
A: Let's discuss the case: Victoria Air Conditioning, Inc. entered into insulation services with…
Q: Hutchins and O’Neil, as general partners in the Haddon View Investment Co., became limited partners…
A: Yes, the accountants were correct.This is due to the fact that limited partners have a limited…
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: Explain the three legal forms a business could take and state one advantage and one disadvantage of…
A: The following 3 are the Legal Form of a business: Sole Proprietorship Partnership Corporation…
Q: Wells Fargo Credit Corporation (Wells Fargo) obtained a judgment of foreclosure on a house owned by…
A: Wells Fargo, the plaintiff in this case, is attempting to have the court sale annulled due to its…
Q: HanapCorporation, a non-stock corporation which owns and operates a memorial park was sued by the…
A: Shares are the units of capital of the company which is held or bought by general public and then…
Q: Mikhail and Dana Jackson, doing business as M&D Enterprises, Inc., bought a retail electronics store…
A: The given case involves a dispute over priority between two parties who claim an interest in the…
Q: Explain the circumstances under which you feel a consumer bankruptcy is appropriate, and when the…
A: Consumer bankruptcy - Bankruptcy is a legal proceeding that is initiated when an individual or…
Q: Amalgamated Corporation, organized under the laws of State S, sends several traveling salespersons…
A: An amalgamated corporation refers to the entity where more than two organizations combine to build…
Q: Theo, a member of TGI partnership, withdrew from the partnership and duly notified the other…
A: A Partnership Agreement is an agreement between at least two people who might want to manage and…
Q: 21. Solder Welding Corporation is a public company whose shares are traded in the public securities…
A: business law refers to the body of legal rules and regulations that govern business and commercial…
Q: Chapter 11 bankruptcy provides for: a. adjustment of debts of a municipality b. reorganization of…
A: The chapter 11 of the bankruptcy law deals with the reorganization process among businesses. It…
Q: describing a Limited Liability Company (LLC) business that would created. Indicate a specific…
A: A limited liability company (LLC) is a business entity for private companies in the United States,…
Q: John Bunker has assets of $130,000 and liabilities of $185,000 owed to nine creditors. Nonetheless,…
A: According to Bankruptcy Code, a petitioning creditor is qualified to file an involuntary petition…
Q: A mutual will cannot be unilaterally revoked after one of the parties has died. true or false
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: Glenn refuses an invitation to become a partner of Dorothy and Cynthia in a retail grocery business.…
A: This is case of partnership by estoppel. Partnership by estoppel refers to a situation where a…
Q: Cheeseboro Conglomerate Co. entered into a contract with sale of its mineral holdings. The…
A: OPTION: (A) Because the contract is void for lack of capacity, Cheeseboro Conglomerate Co. cannot…
Q: . Basic Research LLC advertised its products on television networks owned by Rainbow Media Holdings…
A: Note; “Since you have posted multiple questions, we will provide the solution only to the first…
Q: Merrill Lynch employed Post and Maney as account executives. Both men elected to be paid a salary…
A: Case Summary:Mr. Post and Mr. maney are employed in Merrill Lynch. both are hired for salary and…
Q: Advise Tom, Jamal, and Jackie on their potential liability to secured and unsecured creditors of…
A: Starting a business may be a thrilling experience, full of possibilities and the possibility for…
Q: help me and also explain please.
A: Pastry shop should make 1154 oz of hot chocolate each morningExplanation:
Q: The McDonald Investment Company was a corporation organized and incorporated in the state of…
A: Determining whether an offering qualifies for an intrastate offering exemption from registration is…
Q: Company is artificial legal person, having perpetual succession and common seal.” Explain the…
A: The company can be defined as an organization which is set by the group of people to operate…
State the grounds under which a firm may be compulsorily dissolved .
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)