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Study Resources (Business Law)

Question Question 5 Ingrid is a recentimmigrant from Denmark with a valid U.S. work permit. She hasapplied for work on the wait staff at a Chinese restaurant near herhome. Ingrid doesn?t have a car, and this restaurant is one of thefew employers she can walk to. Ingrid was turned down for anopening.
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Question Which of the following is Correct regarding a written contract for the sale of goods in order for the agreement to be enforceable under the Uniform Commercial Code? 1. The written contract must contract the quantity of the goods sold. 2. The written contract must contain the signature of the.
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Question Required: After reading the Bye, Bye SOX? Article comment on the issue of small business compliance with Section 404 of SOX Bye, Bye, SOX?   The Sarbanes-Oxley Act (SOX) SOX compliance has been extended may be declawed by upcoming four times, but they won’t need to U.S. Congress and comply at all if the Garrett-Adler Supreme Court decisions. amendment makes.
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Question Sherman Burrus, a printer, purchased a printing press from Itek Corporation. Itek’s salesperson knew that Burrus was a job printer and even suggested various features regarding the printer that would be pertinent to Burrus’s business. Burrus had continuing problems with the printer that Itek never corrected. In the subsequent lawsuit,.
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Question TXX5768 In the tax law, we have rules that are labeled as "safe harbors." What is a safe harbor? Is IRC§1237 a safe harbor? How and for what? What are the three requirements that must be met before IRC§1237 applies? What constitutes "substantial improvements" under IRC§1237? Do you think §1237 will apply to.
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Question Which organization has the most legal authority? a. Financial Accounting Standards Board b. Accounting Standards Executive Committee c. Governmental Accounting Standards Board d. Securities and Exchange Commission .
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Question What is the basis of international law in general and international dispute settlement and the rule of law that apply to intellectual property? What can be done to protect intellectual property from piracy in the global marketplace? Are the current efforts of the United Nations and the WTO effective in.
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Question The Printers International Union reached agreement for a newthree-year contract with a large regional printing company. As wastheir practice, the union negotiators then met with the SullivanBrothers Printers, Inc., a small specialty shop employing 10 unionprinters, and Sullivan Brothers and the union agreed to follow thecontractual pattern set by the.
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Question Which one of the following statements is true? a. A corporation that distributes a property dividend mustreduce its E&P by the adjusted basis of the property. b. A constructive dividend must satisfy the legal requirementsof a dividend as set forth by applicable state law. c. Constructive dividends have no effect of a distributingcorporation’s.
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Question TXX5767 1. C-Ment Industries, Inc. is in the business of designing, manufacturing and selling concrete equipment vehicles. In 2013, C-Ment designed and manufactured a line of concrete pumping vehicles to transfer concrete from cement mixers to specific points within a construction site. The pumping equipment is mounted on a specially modified.
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Question Which of the following is true of UCITA? It establishes the rules for operation of franchises in the U.S.A. It does not become law until a state adopts it as a statute. It solely deals with the formation of electronic contracts, not licenses. It addresses most of the legal issues that are encountered while.
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Question Which one of the following statements related to partnerships isNOT correct?     Dividends received by a partnership are not grossed up by thepartnership in the calculation of partnership income.     Charitable donations made by a partnership are not deductible bythe partnership.     Business losses of a partnership cannot be allocated to thepartners for them to deduct.
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Question which one is correct and why Which of the following is an exception that allows a taxpayer to exclude cancelation of indebtedness income (pursuant to IRC Section 108) from ordinary income taxation? If the discharge of indebtedness occurs in a Title 11 bankruptcy case. If the discharge of indebtedness occurs when.
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Question The clause within the U.S. Constitution which provides the federal legislature with its greatest power to regulate the business community is: The Tax and Spend Clause The Supremacy Clause The Commerce Clause The Preemption Doctrine The Privileges and Immunities Clause .
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Question When the new national health law went into effect, activity at online physician and psychologist appointment sites jumped. For instance, at the patient-booking site ZocDoc, the monthly number of physician and psychologist appointments doubled. The overall number of physicians and psychologists in the United States was virtually unchanged, however. Thus,.
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Question Question 32 a. Do regional trade agreements promote free trade or do they just create another kind of trade barrier? Explain your answer. b. Why does the WTO permit regional trade agreements when they violate the "most favored nation" principle? c. Explain your answer. Discuss intellectual property and the major issues it has.
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Question There are times when the IRS will reclassify those that a company is treating as independent contractors to employees. What are the factors that determine if an individual is an independent contractor or an employee and discuss some of the consequences to both the company and the individual if the status.
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Question Under an agreement between Emtee Theatres and Mandrake, two theatres were to be leased to Mandrake and he in turn was to lease a third theatre back to Emtee. In the lease agreement with Emtee, it was agreed that they would have all the offices in the theatre. Mandrake, in.
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Question Question 44 (0.5 points) If you promise your mother that you will not drink, smoke, gamble, or do drugs while in college in exchange for her promise to take you to Disneyland upon graduation, your promise is good and sufficient consideration in support of a contract. False Save Question 45.
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Question The FASAB requires that federal government agencies accrue nonexchange revenues when a specifically identifiable, legally enforceable claim to resources arises, to the extent that collection is probable and the amount is measurable. Thus, fines and penalties should be accrued a) Upon expiration of the period during which the offender may contest.
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Question Which one of the following would be considered a contingentliability? Select one: A. A company owes $22,000 on inventories purchased on credit B. A company has $490,000 worth of bonds outstanding C. A company estimates that it will probably have to pay $24,000to the Department of Environment Protection for a chemicalspill D. The company has.
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Question QUESTION 9 Under the UCC, there is an implied warranty of merchantability which arises automatically when a merchant sells goods of a particular type such that the goods must be adequately contained and packaged, be of fair average quality, and pass without objection in the trade. True False 1 points   QUESTION 10 The Environmental Protection.
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Question Question:(PLEASE ANSWER ALL THE QUESTIONS) Explain the impact of the Sarbanes-Oxley Act on corporate governance (Ref. ch2/96). In the case of a US corporation with affiliates in other countries where the SOX Act is not mandatory, do you consider that the CEO and CFO of those international affiliates should adhere.
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Question The case of Copenhaver v. Berryman - Berryman owned an apartment complex. He signed a 5-year contract with Copenhaver to have Copenhaver install laundry equipment for the tenants in the complex to use - Copenhaver owned the equipment and would service and maintain the machines and collect the money from.
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Question Nolan wrote the song "Tumbling Tumbleweeds" and, in an agreement with Sam Fox Publishing Company, transferred all rights to the song to the company. In return, Nolan was to receive royalties according to terms laid out in the agreement. Sam Fox later assigned all rights and interests in "TumblingTumbleweeds" to.
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Question Norma, a nonresident alien, owns a winter house in Florida.Norma sells the home for $250,000 to a U.S. citizen who will usethe house as a personal residence. Which of the following bestdescribes the application of FIRPTA? 1. FIRPTA applies because a residence is a U.S. real propertyinterest. 2. FIRPTA does not apply.
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