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court order forcing someone to perform the obligation to a contract that the party had previously agreed to do and then refused to do, is called:

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X corporation is incorporated in North Carolina with its principal place of business in Charlotte, NC (the western district of NC). It also has an office in Wilmington (eastern district of NC). One day, the driver of one of its trucks gets into a crash with Steven in Raleigh (the middle district of NC). Where does X corporation reside?A.The Middle District of North Carolina.B.The Western District of North Carolina.C.Eastern District of North Carolina.D.A and B.E.A, B, and C.

Sam and Devon agree to go into business together selling college-licensed clothing. According to the agreement, Sam will contribute inventory valued at $100,000 in return for 80 percent of the stock in the corporation. Sam's tax basis in the inventory is $60,000. Devon will receive 20 percent of the stock in return for providing accounting services to the corporation (these qualify as organizational expenditures). The accounting services are valued at $25,000.a. What amount of income gain or loss does Sam realize on the formation of the corporation? What amount, if any, does he recognize?b. What is Sam's tax basis in the stock he receives in return for his contribution of property to the corporation?c. What amount of income, gain, or loss does Devon realize on the formation of the corporation? What amount, if any, does he recognize?d. What is Devon's tax basis in the stock he receives in return for his contribution of services to the corporation?*Assume Devon received 25 percent of the stock in the corporation in return for his services. (e-h)e. What amount of gain or loss does Sam recognize on the formation of the corporation?f. What is Sam's tax basis in the stock he receives in return for his contribution of property to the corporation?g. What amount of income, gain, or loss does Devon recognize on the formation of the corporation?h. What is Devon's tax basis in the stock he receives in return for his contribution of services to the corporation?

Paul owns a used car dealership in North Carolina, but five minutes from the border with South Carolina. He doesn't advertise his car business in South Carolina and never makes any trips to the state. In fact, he owns a blog where he writes weekly posts trashing the South Carolina legal system. Some weeks, he criticizes the South Carolina rules of civil procedure, and in other weeks, he lambastes particular provisions in the South Carolina constitution. However, research has shown that 40% of his customers are from South Carolina, and that he makes over $200,000 a year from South Carolina consumers. Paul is aware of this research.A South Carolina resident gets into an accident with one of Paul's cars and alleges that Paul lied about the condition of the car. She sues Paul in South Carolina state court. Paul files a motion to dismiss for lack of personal jurisdiction. What result?A.Granted because it was foreseeable that the car would be used in South Carolina.B.Denied, because under the reasonableness factors, it would not be unreasonable for a South Carolina court to assert jurisdiction.C.Granted because Paul lacks minimum contacts with South Carolina.D.Denied because Paul earns a great deal of revenue from South Carolina customers.

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