T/F 9. The followings are three substantive requirements of a lease agreement except? A. There must be certainty of duration. B. The lessee must be granted exclusive possession of the premises. C. The lease is granted in consideration of the payment of rent. D. The lessor must be the owner of the property.
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T/F
9. The followings are three substantive requirements of a lease agreement except?
A. There must be certainty of duration.
B. The lessee must be granted exclusive possession of the premises.
C. The lease is granted in consideration of the payment of rent.
D. The lessor must be the owner of the property.
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Solved in 2 steps
- In 2022, Ellen and Ed, married filing jointly, had $10,000 mortgage interest, $2,000 real estate taxes, $2,000 state income tax, and medical expenses of $2,000. Assuming they had an adjusted gross income of $50,000, which of the following is TRUE? Question 12Select one: a. They should take a standard deduction of $24,000. b. They should take a standard deduction of $12,000 c. They should take an itemized deduction of $14,000. d. They should take an itemized deduction of $16,000.The Acme Electric Company worked day and night to develop a new current regulator designed to cut the electric power consumption in aluminum plants by 35%. They knew that, although the competition was fierce, their regulator could be produced more cheaply, was more reliable, and worked more efficiently than the competitors’ products. The owner, eager to capture the market, personally but somewhat hastily put together a 120-page proposal to the three major aluminum manufacturers, recommending that their regulators be installed at all company plants. She devoted the first 87 pages of the proposal to the mathematical theory and engineering design behind his new regulator, and the next 32 to descriptions of the new assembly line she planned to set up to produce regulators quickly. Buried in an appendix were the test results that compared her regulator’s performance with present models, and a poorly drawn graph showed how much the dollar savings would be. Acme Electric didn’t get the…The Jones Manufacturing Company is competing for a production contract that requires that work begin in January 2018. The cost package for the proposal must be submitted by July 2017. The business base, and therefore the overhead rates, are uncertain because Jones has the possibility of winning another contract, to be announced in September 2017. How can the impact of the announcement be included in the proposal? How would you handle a situation where another contract may not be renewed after January 2018, i.e., assume that the announcement would not be made until March?
- If the New York Philharmonic records Beethoven's 5t Symphony on DG records. And, DG records pays for the recording, musicians and expenses of the recording, WHO owns the "pertormance" of the work: A. The NY Philharmonic B.DG Records C.The Conductor of the Orchestra D.BeethovenEthics addresses the issues to determine the right or wrong conduct in a all situation a. True b. FalseIf a sale staff is found not verbally disclosed specific features and materials risks of a high yield bond, which of the following is the most suitable follow-up action in Hong Kong? A. the sale staff should provide the key risk factor disclosure to the customer once again B. the sale staff should send an e-mail to the customer by highlighting the specific features and materials risks of the high yield bond. C. the sale staff should make a supplementary call to the affected customer and adio-record the disclosure in due course. and acknowledgement from the customer is obtained to confirm his/her/their understanding or the disclosure. D. if the transcation is completed, no further action is required.
- Which of the following best illustrates a worker’s rights under a contract for services? a. Under a contract for services, the worker is an independent contractor who does not receive notice of termination or benefits like pension contributions. A b. Under a contract for services, the worker is hired as an independent contractor. However, the worker is required to receive a notice of termination. c. Under a contract for services, the worker is entitled to receive a notice of termination and benefits like pension contributions. d. Under a contract for services, the worker is entitled to all the same rights as in an indeterminate term employment contract except for notice of termination. e. Under a contract for services, the worker receives notice of termination but does not receive benefits like pension contributionsIn June 193, Kombs Engineering had grown to a company with $25 million in sales. The business base consisted of two contracts withe U.S Department of Energy (DOE), one for $15 milon and one for $8 milon. The remaining $2 mil-lion consisted of a variety of smaller jobs for $15,000 to $50,000 each. The larger contract with DOE was a five-year contract for $15 million per year. The contract was awarded in 1998 and was up for renewal in 1993. DOE had made it clear that, although they were very pleased with the technical perfomance of Kombs, the follow-on contract must go through competitive biding by law. Marketing inteligence indicated tha DOE intended to spend $10 million per year for five years on the follow-on contract with a tentative award date of October 1993. On June 21, 1993, the solictation for proposal was recieved at Kombs. The technical requirements of the proposal request were not considered to be a problem for Kombs. There was no question in anyone’s mind that on technical…Amy is caring for her aging mother, Milly. Milly has a number of health issues. She has given Amy a power of attorney so that Amy can help pay her bills and handle her business affairs. Amy is concerned that Milly will eventually use up all her assets, including losing her house, to provide for her health care needs. To protect against that eventuality, Amy intends to use her power of attorney to put Milly’s house into Amy’s name. True or False: Amy’s transfer of the house is a breach of her fiduciary duty as Milly’s agent.
- Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?Which of the following is an example of a physical encumbrance? a.Easement for a local power company b.Mortgage secured by the property c.Tax lien from the county d.License allowing a friend to hunt on the propertyA hiring manager told a candidate that if they joined the company , they would be promoted within 6 months , would be given an office , and would be given a substantial raise . The candidate took the job based on this information . After the 6 month period , the employer did not come through with these promises and stated the reason was financial constraints . 1. What is this an example of ? 2. Discuss how employees can protect themselves from these types of situations ?