Bul 3310 bailey - Study guides, Class notes & Summaries

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 - Answer-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 principal place of business C. The corporation has no retained earnings D...

BUL 3310 Exam 1 FSU Bailey Complete Guide Tort law is a subset of private law that seeks to compensate the injured party for the loss caused by the actions of another. True False ️True Res judicata is best defined as ️A controversy that has been litigated and forever settled between the parties Today, scholars argue the role of the corporation is to maximize the return on investment of shareholders. True False ️False Deductive reasoning requires one to ____. ️use ma...

BUL 3310 Exam 2 FSU Bailey - Questions and Answers (Complete Solutions) Which of the following describes the duty of a landowner to a trespasser under the common law? The duty to warn of obvious dangers The duty to warn of hidden dangers The duty not to entrap the trespasser on the premises The duty to make certain that the premises are absolutely safe The doctrine that creates a rebuttable presumption that a defendant was negligent based on the nature and circumstances of the injury is Res ip...

BUL 3310 Exam 4 FSU Bailey - Questions and Answers (Complete Solutions) Phil has a 1/4 partnership interest in Green & Sons. He has been denied access to the partnership books and records for over a year and he suspects that one of the partners has been engaging in secret business transactions using partnership funds. Phil wants to know the status of the business. Phil's remedy in this situation is to go to a court of equity for an ______________. Charging order Marshalling order Accounting De...

BUL 3310 Exam 3 FSU Bailey - Questions and Answers (Complete Solutions) Employees are entitled to twelve weeks of medical leave during a twelve month period The Family and Medical Leave Act guarantees that an employee will be paid one-half his or her salary for up to six months of leave, so long as the leave was for "serious health condition" False Which of the following statements about unemployment compensation insurance is true? - The program is funded and administered by the individual s...

BUL 3310 Exam 1 FSU Bailey Graded A+ Tort law is a subset of private law that seeks to compensate the injured party for the loss caused by the actions of another. True False True Res judicata is best defined as A court enforced promise A controversy that has been litigated and forever settled between the parties The ruling of a court of equity The legal basis for dicta in court opinions. A controversy that has been litigated and forever settled between the parties Today, sc...

BUL 3310 Exam 1 FSU Bailey - Questions and Answers (Complete Solutions) Criminal and taxing statutes are strictly and narrowly construed True False If one obeys the law, one is not necessarily acting ethically because ethical standards of conduct and legal standards of conduct are identical. True False A person who violates a decree from a court of equity can be jailed for contempt of court. True False In a criminal case, the state has the burden to convince jurors of the defendant's guilt "...

Most of the powers of the federal government enumerated in the Constitution are powers shared with the states. True False - ️️False Res judicata is best defined as A court enforced promise A controversy that has been litigated and forever settled between the parties The ruling of a court of equity The legal basis for dicta in court opinions. - ️️A controversy that has been litigated and forever settled between the parties Today, scholars argue the role of the corporation is to ...

Dr. Dan accidentally left a scalpel in Paul Patient during Paul's operation, causing Paul much pain and necessitating additional surgery. Paul's lawyer will most likely use the special doctrine of ____________when he sues Dr. Dan for negligence. Negligence per se Res ipsa loquitur Superseding cause Contributory negligence - ️️Res ipsa loquitur What is the primary purpose of tort law? Punish wrongdoers Compensate victims for their losses Support society by fining wrongdoers C...

Big Corporation (BC) is an American business incorporated in the State of Delaware. Its principal place of business is in New Jersey. Franklin lives in New York. For purposes of diversity of citizenship, Big Corporation is a citizen of - ️️Both Delaware and New Jersey Assume that the Vermont legislature passed a bill prohibiting the sale within the state of detergents containing certain chemicals harmful to the environment. Assume further that the governor signed the bill into law. Thi...