Bul 3310 exam 3 - Study guides, Class notes & Summaries

Which of the following would constitute a "taking" of property by the government? (select all the answer options that are correct) -A forced sale of land to construct a highway -The rezoning of an area so that all reasonable uses of the property are lost. -The fire department burning down a warehouse to create a firebreak to keep a blaze from spreading. -The police entering your home while in the pursuit of a felon. - -A forced sale of land to construct a highway -The rezoning of an ar...

BUL 3310 Business Law Exam 3 Questions and Approved Answers | Latest 2023/2024 A master can normally avoid liability for damages caused by a servant if he can show that the servant misunderstood his instructions T or F? - True In contracts negotiated by an agent who is acting within the scope of his authority for a disclosed principal, the agent, the principal, and the third party are equally liable on the contract T or F? - False The legal doctrine that holds the master liable for the t...

BUL 3310 Business Law Exam 4 Questions and Approved Answers | Latest 2023/2024 Partnerships typically buy life insurance policies on each partner in order to fund the required purchase of the partner's interest in the partnership when the partner dies T/F - True Subchapter S corporation will avoid double taxation if which of the following applies? A. All the shareholders agree to be taxed as in a partnership B. The corporation files Articles of Partnership in the state where it has its pr...