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Question
Why does a sole proprietorship not pay taxes at the business level?
A) It does not have a separate legal personality.
B) It is a small business that is exempted from taxation.
C) It is a not-for-profit organization.
D) It is generally an institution with no business dealings.
Answer
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Related questions
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The ________ School of jurisprudence maintains that the law is shaped by logic.
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The ________ School of jurisprudence emphasizes shaping laws based on morals and ethics.
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Explain the priority of law in the United States.
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Stare decisis is the doctrine of ________.
A) providing proof to assert a fact in court
B) adhering to legal precedent
C) separating powers between state and religion
D) ensuring all legal rights are provided to a person when otherwise deprived of them
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The ________ branch of the federal government has the power to enforce the law.
A) judicial
B) legislative
C) executive
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What is considered as the supreme law of the land in the United States?
A) judicial decisions issued by the state courts
B) the Constitution of the United States of America
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D) executive orders passed by the President
Q:
What led to the creation of the Chancery Courts?
A) the insistence for a court system that emphasized legal procedure rather than the merits of a case
B) the law courts' inability to hear all the cases presented to them
C) the increase in overseas trade and proliferation of piracy
D) the unfair results and limited remedies provided by the law courts
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Which of the following statements best indicates how chancery courts were different from law courts?
A) Chancery courts emphasized developing merchant laws rather than laws for the common citizen.
B) Chancery courts inquired into the merits of the case rather than emphasize legal procedures.
C) Chancery courts emphasized a standard set of remedies across different cases rather than provide equitable remedies.
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Q:
What was the key reason for the creation of law courts during the early development of the English common law?
A) to administer law in a uniform manner
B) to help merchants form a standardized set of commercial laws
C) to increase the power of the king in law-making
D) to facilitate legal disputes for the wealthy and influential
Q:
What was the key factor in the development of the English common law?
A) the development of forensic science in helping decide cases
B) the supremacy of the king and his intervening powers when deciding cases
C) the use of precedence of past cases for judges to decide present similar cases
D) the subjective decision making of judges when it came to similar cases
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The Analytical School of jurisprudence maintains that the law should be ________.
A) shaped by logic
B) based on social behavior
C) set by the ruling class
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A) promoting social justice
B) maximizing individual freedom
C) providing a basis for compromise
D) maintaining the status quo
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Ordinances are not codified into code books.
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Statutes are written laws that establish certain courses of conduct that covered parties can use as a form of guidance.
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Treaties are considered to be a part of the supreme law of the United States of America.
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Federal statutes take precedence over treaties.
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Administrative agencies are created by the judicial branch of government.
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The merchant courts were established because of the unfair results and limited remedies available in the chancery courts.
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Explain the creation and working of guaranty contracts.
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Which of the following is true of monetary damages?
A) Monetary damages are available only for material breaches of contract.
B) Dollar damages are not monetary damages.
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D) Consequential damages are monetary damages.
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________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.
A) Approval clause
B) Express condition
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A) Novation
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Which of the following phrases explain the term covenant?
A) an unconditional promise to perform
B) a breach of contract
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