Law Questions
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Under the default rules of partnership law, if a partner within the ordinary course of business incurs a payment or liability made on behalf of the partnership, the partnership must reimburse that partner for the expense.
Which group of a corporation is responsible for running the day to day matters of the corporation?
Boris, Carina, and Theo have decided to go into business as a limited partnership importing and selling exotic spices. Boris and Carina will manage the business, and Theo will have no role in the day-to-day operations. Boris and Carina have each invested $500,000, and Theo has contributed the building and land that the business will be operated from. Alina, a customer, contracts a rare disease from a contaminated spice sold by the company and sues. Alina is awarded a judgment for $5 million. After she exhausts the assets of the partnership, having the property and building sold, and seizing all other property, $3 million remains unpaid.
An enterprise may not be a Subchapter S corporation if it owns more than __________ of the stock of a subsidiary corporation.
Like most business entities, general partnerships are created by filing a form with the state.
LLCs are frequently governed by an agreement of the parties called an LLC agreement or
Restock GP has decided to go out of business. Selling the partnership assets and making payments to creditors will occur during the ——— phase of the closing of a partnership.
Bob is an owner in an LLC which makes him a __________.
In the context of business entities, ——— is a generic word for individuals who are entitled to the profits of a business based on their percentage of ownership
LLCs were originally created by the Wyoming legislature in
Franco and Jesse are operating as a general partnership. A question has arisen that is not covered under their partnership agreement nor addressed by the Revised Uniform Partnership Act. What will the courts do to resolve the situation?
Frank wants to leave his partnership and wants to stop being a principal. What is this process called?
After the ULLCA was created, some states have started to adopt an act that modifies it called
(characteristic of Traditional Corporation)Free transferability of ____ ____ (shares)
désintégration de la station USA Skylab
Jean Louis Chrétien premier astronaute français
Conférence de Montego Bay (signature de la CNUDM)
Conférence de Genève (première codification du droit international de la mer)
création du Comité des utilisations pacifiques de l'extra-atmosphérique (CUPEEA), qui dépend du Bureau des Affaires de l'ONU
When an agreement lacks one of the required elements or has not been formed in conformance with the law from the outset, the contract is considered void.a. Trueb. False