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Identify and explain any five circumstances under which a
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- Question 1 Due to the conflict of interest, in publicly held companies, directors of a corporation may not own shares of stock in the company. True FalseQuestion 1Amy and Bianca intended to form a company called Flexible Co Ltd to engage in trading. Before the company was incorporated, Amy and Bianca signed a lease agreement with Fix-a- deal Co Ltd in the name of Flexible to rent an office in Tsim Sha Tsui. Three months after Flexible’s incorporation, Amy met Cyril who mentioned that he had an office of about the same size to let at a much lower rent. Amy and Bianca went to see the premises and found it very suitable for their business. They wish to repudiate the existing lease and take up a new lease with Cyril.Advise Amy and Bianca. Question 2By reference to relevant section(s) of the Companies Ordinance, explain the effects of incorporation.Dicuss the benefits of Mangement principal?
- Question 10 I. The dissolution of the partnership discharges the existing liability of any partner. II. The individual property of a deceased partner shall be liable for all obligations of the partnership incurred while he was a partner, but subject to the prior payment of his separate debts. a. Only I is correct b. Only II is correct c. Both are true d. Both are falseclaim letterQUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…
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- Question A . Janet was an attorney hired to draft the initial paperwork for incorporation of Alpakaz, Inc. In her first meeting with the incorporators, they were unsure about whether they should allow for cumulative voting or only permit straight voting by shareholders. In a company with 100 shareholders and 10,000 shares, how many shares are required to have a controlling position (elect at least 5 of the 9 directors) under cumulative voting? a. 10,000 b. 1,001 c. 5,001 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lineSubject:- Account(Q): Briefly explain following:1. Legal Contract 2. Professional liability Explain question with own words, examples and detail explanation.