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Question
Shareholders do not have limited liability for corporate debts.Answer
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Related questions
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Which of the following is an objective of the North American Free Trade Agreement (NAFTA)?
a. Create trade barriers to the movement of goods and services across the borders.
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c. Decrease investment opportunities in certain parts of the area.
d. Provide adequate and effective enforcement of all types of property rights.
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The U.S. Immigration and Naturalization Service issues various types of visas to persons who:
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b. enter the U.S. to perform services that the unemployed in this country cannot perform.
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A corporation is considered a citizen:
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b. of the state of its incorporation, for the purpose of determining diversity of citizenship.
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The Revised Act provides that at least two persons need to act as incorporators, though more may do so.
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Which of the following can be done with the consent of only a majority of the partners in a partnership?
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A __________ is a formal appointment of an agent.
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The principal has the duty to provide the employee with reasonably safe conditions of employment and to warn the employee of any unreasonable risks involved in the employment.
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The maker is the primary party on every note.
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Who are the parties to checks and notes?
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Damages for reliance include expenses for: a. lost profits. b. injury to the person. c. preparing to perform. d. punishment of the breaching party.
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Vicarious liability is liability imposed upon one person for the acts of another.
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When reviewing factual determinations of an administrative agency, the courts must always use the arbitrary and capricious test.
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Carlos wrote a check with the numbers $4500 and the written amount as forty-five dollars. Explain how the ambiguity will be resolved.
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a. A check with the amount payable omitted.
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b. the contract must be renegotiated, because Donald was a minor when it was made.
c. Donald can change his mind and avoid the contract, because it was made when he was a minor.
d. the contract is void ab initio, because Donald was a minor at the time it was made.
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Robbery and burglary are the same crime.
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A "bench trial" is one in which the decision is made without a jury.
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The American Law Institute's Model Penal Code provides that a corporation cannot be convicted of a criminal offense for the conduct of its employees or board of directors.
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An administrative agency's discretion to compel the disclosure of information is subject to any legal privileges to withhold such information.
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Interpretative rules are exempt from the APA's procedural requirements of notice and comment.
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When reviewing factual determinations of an administrative agency, the courts must always use the arbitrary and capricious test.