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A: The business people can start and do their business in any type of business forms according to their…
Q: Define Coercion Misrepresentation and Fraud with proper example.
A: Coercion is the act persuading someone by forcing them to do something that they do not want to do,…
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A: The selected company for explaining the benefits received by implementing Islamic principles and…
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A: Liability insurance policies are purchased in case the person gets involved in malpractice or…
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A: What Is Stare Decisis:- Gaze decisis is a legitimate principle that commits courts to follow…
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A: Entrepreneurship is defined as a task of setting up a business by taking considerable financial…
Q: tom
A: Trade is an essential financial idea, including the purchasing and selling of merchandise and…
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A: 1) It is an invitation to offer, A unilateral contract is a contract agreement in which an offer…
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A: Vicarious liability is the liability that lays with another person because of the acts of his/her…
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A: Third party contracts are agreements that involve a person who isn't a party to a contract but is…
Q: What is the basis and nature of the remedy of reformation of instrument?
A: Negotiator is a person who has discussions either formally or informally with someone in order to…
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A: letters of credit - It is a written document provided by a bank to the seller for guaranteeing the…
Q: purposes of raising revenues but also to distribute equally the wealth of the nation and protect…
A: In every capitalistic structure there will be private companies who will be free to choose their…
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A: Change order correctly minimizes the risk, improves its chances of approval, and also helps get…
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A: The clauses involved in the contract regarding the specific reasons that address the aspects of the…
Q: Define fraud and recognize its consequences
A: FRAUD: Fraud refers to an intentionally false representation and confidentiality of facts and…
Q: Franchising is a method of distributing products or services involving a franchisor that establishes…
A: A company may franchise its product and brand name if it wishes to expand its market share or…
Q: Suggest some measures to enhance the principles governing the doctrine of separation of powers.
A: Separation of power meaning: It is the doctrine of constitutional law .It means division of state…
Q: When would an agent risk breaching a fiduciary duty?
A: A Person who is legally bound to put another's interests ahead of their own is a fiduciary person. A…
Q: Explain the three legal forms a business could take and state one advantage and one disadvantage of…
A: The following 3 are the Legal Form of a business: Sole Proprietorship Partnership Corporation…
Q: What Code of Business Conduct that best applies to a Company? Why? Explain Further.
A: These code of business conduct is also referred to as the code of ethics, depending on the company.…
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Q: Joint and several liability is apportioned among two or more parties or borne by only one or a few…
A: true
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A: Gambling harm does not only mean the loss of cash. Self-esteem, relationships, physical, mental well…
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A: An unethical practice under which the individual tries to deceive the other party by providing…
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A: The employment act explains various prevailages that employees may get at their workplace. It…
Q: TRUE OR FALSE A Corporation has powers, attributes, and properties expressly authorized by law.
A: True
Q: . _______ A corporation incorporated in Texas doing business in New York is known ina. New York as a…
A: A corporation incorporated in Texas doing business in New York is known in Texas as a domestic…
Q: Explain.
A: Suppose you have a restaurant. You appointed a manager to operate the business. Your manager always…
Q: What are the two types of transfers in taxation? Describe each and give their classifications.
A: Transfer taxes are the excise taxes that are imposed on the transfer of ownership or title of…
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A: Business is full of risk and uncertainty. Everyday business professionals deals with risk. Risk…
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A: Infringement is a term that is related to intellectual properties and specifically, patents. •…
Q: Explain the principle of veil of incorporation
A: A corporation is referred to as a legal entity that is created by stockholders and individuals with…
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A: Price discrimination is a kind of selling strategy under which a seller sells the same and identical…
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A: 22. Option COverfitting the data.
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A: In general terms, public goods are those that can be used by the general public. In other words,…
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A: This is a globalized world, each and every company or business wants to expand the company in…
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A: Business refers to an activity of trade where sale and purchase of either goods or services is done…
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- Explain followingWhy would a business support allowing a transfer of rights or duties to third parties?.Franchising is a method of distributing products or services involving a franchisorthat establishes the brand's trademark, trade name, business system, and afranchisee who pays a royalty and an initial fee for the right to do business underthe franchisor's name and system. It is a contractual business relationship. Whatdo you think is the prime advantage and disadvantage in having a business ofthis nature?
- Brandt Crossing Investments, Inc., was a family-owned property investment organization, investing in undeveloped properties when prices were low and then selling them when prices went up. Among its holdings, Brandt Crossing owned fifty acres of undeveloped land next to another fifty acres of undeveloped land owned by Khloe Hadid. Carter Rios, property manager for Brandt Crossing, approached Hadid and offered to purchase her fifty acres “for Brandt.” Hadid sold the property for $50,000. Within one year, Brandt Crossing sold its 100 acres, including the property bought from Hadid, to a developer for $1,000,000. Richard Brandt, a 5% owner of Brandt Crossing Investments and an old high school acquaintance of Hadid, saw her at the mall and told her of the recent sale. Furious that she had lost out on the income and convinced that Rios had misled her, Hadid sued Richard Brandt for the acts of his agent, Rios. Hadid argued that the facts were sufficient to create an agency by estoppel…ExplainAs a student, how do you explain it? Section 6. (a) Any creditor who in connection with any credit transaction fails to disclose to any person any information in violation of this Act or any regulation issued thereunder shall be liable to such person in the amount of P100 or in an amount equal to twice the finance charged required by such creditor in connection with such transaction, whichever is the greater, except that such liability shall not exceed P2,000 on any credit transaction. Action to recover such penalty may be brought by such person within one year from the date of the occurrence of the violation, in any court of competent jurisdiction. In any action under this subsection in which any person is entitled to a recovery, the creditor shall be liable for reasonable attorney's fees and court costs as determined by the court. (b) Except as specified in subsection (a) of this section, nothing contained in this Act or any regulation contained in this Act or any regulation…
- The pre-emptive rights of stockholders in a corporation are not statutory rights, but are ____________ and exist even when no specific grant or recognition of such right is provided for in statutory law. inherent rights common law rights provided by the Corporation Code implied rights A share held by a third person to be released only upon the performance of a condition or the happening of a certain event contained in the agreement. Common share Preferred share Escrow share Treasury share One of the attributes of a corporation is that it is an artificial being with a separate personality. As a result of this attribute, the corporation: is not liable for torts committed by its officer or agent. is liable for torts committed by its officer or agent. is liable for torts by its stockholders. is liable for torts committed by its stockholders and officers or agents. The “Grandfather Rule” in Corporation law means that: corporate stockholdings would be traced from the nationality of the…Pritchard & Baird was a reinsurance broker. A reinsurance broker arranges contracts between insurance companies so that companies that have sold large policies may sell participations in these policies to other companies in order to share the risks. Charles Pritchard, who died in December 2011, controlled Pritchard & Baird for many years. Prior to his death, he brought his two sons, Charles Jr. and William, into the business. The pair assumed an increas ingly dominant role in the affairs of the business during the elder Charles’s later years. Starting in 2008, Charles Jr. and William began to withdraw from the corporate account ever-increasing sums that were designated as “loans” on the balance sheet. These “loans,” however, represented a significant misappropriation of funds belonging to the corporation’s clients. By late 2013, Charles Jr. and William had plunged the corporation into hopeless bankruptcy. A total of $12,333,514.47 in “loans” had accumulated by October of that…In obligations to give, what are the different rights which are available to the creditor?
- Which exceptions public policy, implied contract, and implied covenant of good faith exceptions are recognize in the state of Arkansas?What are the differences between real and personal property?–1- Ali is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice? –2- Rose & Frank Company was appointed as selling agents in North America by Crompton Brothers by an agreement. One of the clauses in the agreement provided” this agreement is not entered into a formal or legal agreement and shall not be subject to legal jurisdiction in the law courts”. –3- Company Y offers to sell to Company Z “100 tons of oil”. What kind of offer is this? Provide: 1- What kind of contract 2- Legal or not 3- implied or Express or Quasi 4- Unilateral or Bilateral 5- Reflection and comments