Liquidation of duties - Study guides, Class notes & Summaries

Accounting Principles II: Partnerships Complete Study Guide Characteristics of a Partnership A partnership is an unincorporated association of two or more individuals to carry on a business for profit. Many small businesses, including retail, service, and professional practitioners, are organized as partnerships. A partnership agreement may be oral or written. However, to avoid misunderstandings, the partnership agreement should be in writing. The agreement should identify the partners; t...

Entry documents must be filed within _____________ calendar days of the date that a shipment arrives in the United States. A. 5 B. 7 C. 10 D. 15 E. 30 correct answer: D REFERENCE Ace Business Rules Section 1.3 Entry Filing If there is a difference of less than $20.00 between the total amount of duties, taxes, and fees, including interest in the original liquidation, pertaining to a Post Summary Correction, U.S. Customs and Border Protection (CBP) has the authority to disregard th...

AYPO Real Estate Test 1 2024 Disparate impact -Answer-A set of criteria which are not directly targeted at a specific group but will disproportionately affect that group. What purpose is served by regulating real estate licensing? -Answer-1. prtect the eneral public during real estate transactions from dishonest or incompetent brokers and sales agents. 2. maintain high standards or the real estate profession 3. set out minimum standards and qualifications for licensing brokers and sales a...

Insurance commissioner has the authority to..? - Answer enforce state insurance laws Department of Insurance has the power to..? - Answer Supervise the organization, regulation, examination, rehabilitation, liquidation and conservation of all insurance companies doing business in the state Insurance laws have been written to protect - Answer the insuring public The commissioner has 3 main authorities - Answer 1. Executive Authority 2. Legislative Authority 3. Judicial Authori...

AWMA Module 8 Quiz with Complete Solutions The provision that certain mutual fund policies cannot be changed without shareholder approval is addressed in the A) Investment Company Act of 1940. B) Securities Exchange Act of 1934. C) Investment Advisers Act of 1940. D) Securities Act of 1933. - Answer-A) Investment Company Act of 1940. The regulation of mutual funds is covered in the Investment Company Act of 1940. A major responsibility of FINRA is A) developing rules and regulations ...

Business Organisations - Sole Traders - Partnerships - Private Limited Companies - Public Companies - Community Interest Company Legal Personality - Veil of Protection - Piercing Veil of Protection Incorporation - Promoter - Pre-Incorporation Contract - Reqs - Articles of Association - Entrenchment - Secretaries Directors - Powers - Duties - Breach - Appointment - Removal - Loans - Declaration of Interest - Substantial Property Transaction - Remuneration - Disqual...

Clemson Law 3220 Exam 3 Latest Update Graded A Contracts form legal relationships and duties meet meet legal requirements promise creates a "manifestation of intent" Completion of contracts assignment delegation third-party beneficiary performance breach impossibility agreement (rescission, novation, accord and satisfaction) Elements of Contracts agreement consideration capacity legality consent writing (if necessary) Express contract A contract in which the terms of the agreement are full...

Entry documents must be filed within _____________ calendar days of the date that a shipment arrives in the United States. A. 5 B. 7 C. 10 D. 15 E. 30 D REFERENCE Ace Business Rules Section 1.3 Entry Filing If there is a difference of less than $20.00 between the total amount of duties, taxes, and fees, including interest in the original liquidation, pertaining to a Post Summary Correction, U.S. Customs and Border Protection (CBP) has the authority to disregard the difference and l...

Actual vs Apparent Authority - Actual Authority - Given by the principal to the agent; can be express or implied; oral or written. Apparent Authority - When a third party reasonably assumes one is acting as an agent to another. Agency by Operation of Law - Sometimes, an agent is unable to reach the principal and has to make a rational decision quickly. This would be legally acceptable. An example would be an agent who is forced to buy $500 worth of plywood to cover a principal's home duri...

BLAW 212 Final Exam Questions and Answers Graded A What is a tort and how is it different from a contract? - Answer-A tort is civil wrong, where the conduct of one person causes harm or invades the interests of another, other than a breach of contract or breach of trust, that for which a court will give a remedy How is a tort different from a crime? - Answer-Crimes are brought to the State to punish wrongdoing, torts involve the victim of wrongful conduct seeking compensation Who is a dut...