Gbl 385 - Study guides, Class notes & Summaries

GBL 385 Exam 3 [MSU-Prof. Ross], gbl exam 3. Debra wanted to form a partnership with Lawrence. He agreed and they became co-owners in an equal partnership. This year, after expenses, the partnership had a profit of $200,000. How will the taxation of this profit be handled? A. Since the partnership was Debra's idea, she will pay income tax on the profit on her personal tax return. B. The business will pay half of the tax liability and Debra and Lawrence will pay the other half. C. Debr...

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15th Amendment (reconstructed amendment) - Citizens cannot be denied the right to vote because of race, color , or precious condition of servitude States may regulate solely: - Intrastate commerce What is the supreme law of the land in US? - U.S. Constitution The constitution establishes what - The framework of the government Article 1 - Legislative Branch Article 2 - Executive Branch Article 3 - Judicial Branch The constitution was ratified - 1789 Commerce Clause - Clause stating that ...

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GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Professor Behan MSU GBL 385-Exam 2 Prof...

What is a Contract? - A contract Is a Legally Enforceable Agreement (offer and Acceptance) Voluntarily Entered Into between two (or more) Competent Parties, to Do or Not to Do something that is Possible to Be Done, that is Not Unlawful, and that is supported by Consideration. A valid contract must... - A validly formed contract must provide a basis for determining the existence of a breach and for giving an appropriate remedy [Restatement § 33]. Non-goods contracts - Non-goods contracts, a...

GBL 385 Exams 1-3 Questions And Answers, Guaranteed Success.