ESSAY Questions Bus 250 Ch 21-30 Fall 2012 1. What is a limited liability company? Explain the advantages and disadvantages of this type of business ownership? 2. Compare and contrast the following forms of business organization: sole proprietorship‚ general partnership‚ limited partnership‚ limited liability company‚ and corporation as to ease of formation‚ liability of owners‚ management‚ and tax implications. 3. Andy wants to start his own business. He has decided to rent space in
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Question 2 Can Paul take any legal action against Derek? Did Derek breathe the contract made between him and Paul? A contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention
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UBML1053 BUSINESS LAW THURSDAY‚ 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS) BACHELOR OF COMMERCE (HONS) ACCOUNTING YEAR ONE Instructions to Candidates: Section A : [Total: 40 marks] 1. This section consist of ONE (1) compulsory question 2. Answer ALL the sub-questions. Section B : [Total: 60 marks] 3. This section consists of THREE (3) questions. 4. Answer only TWO (2) questions. 5. No marks will be given for any extra questions or sub-questions (i.e. parts a‚ b or c in a question) attempted
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Luis Armendia October 3‚ 2004 BUSINESS LAW UNIT ONE AND TWO QUESTIONS 1-4. Which source of law takes priority in the following situations‚ and why? a) A federal statute conflicts with the U.S. Constitution. A. CONSTITUTONAL LAW. Article VI‚ the Constitution is the supreme law; a law in violation of the Constitution will be declared unconstitutional and won’t be enforced. b) A federal statute conflicts with a state constitutional provision. A. STATUTORY LAW. A federal statute applies to all
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Level M Business Studies Page 1 of 10 1415 – Business Studies Term 1 Week 10 Week 10 (Nov. 02 – 06) AMS : 81008 Sample Questions Exam 1. Which of the following would not be a reason why businesses advertise their products? (i) (ii) to provide a public service to arouse interest in the product Reference: Business Studies Level M‚ Chapter 5.36 Solution: (i) 2. Which of the following is a type of advertising? (i) (ii) affirmative‚ showing all its customers’ opinions
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an offer. According to section 13‚ "Tow or more persons are said to consent when they agree upon the same thing in the same thing in same sense." Thus‚ consent involves identity of minds in respect of the subject matter of the contract. In English Law‚ this is called ’consensus-ad-idem’. Contract act sec 14‚ is the which has been obtained by the free will of the parties. No pressure in the form of coercion fraud undue influence‚ mistake and misrepresentation in
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Carlos Gempesaw Arvin Mata Micah Penaloga Ivy Perez Royce Rufon 1. When did the Philippine Airline started? Philippine Airlines started way back 1941 and headquartered at Philippine National Bank Financial Center in Pasay by a group of businessmen and was led by Andrés Soriano‚ Sr. 2. How many aircrafts does Philippine Airlines own as of now? Philippine Airlines possess a total of 47 aircrafts‚ 39 Airbuses and 8 Boeing planes. 3. How does the company cope up with rapid changing innovations
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Exam for Business Law 84 questions Jurisdiction –the power to hear and decide a case. Has multiple dimensions. Appellate jurisdiction – the authority of a court to review a prior decision in the same case but made by another court Original jurisdiction – the authority of a court to hear and decide a dispute in the first instance Trial courts Supreme court of the US is in some instances an original jurisdiction court Treaties is an example of when supreme court Personal jurisdiction – inpersonam
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Business Law Practice Questions MULTIPLE CHOICE (answers at bottom of page) 1. Paul filed a lawsuit for false imprisonment against Dan’s Bookstore. During a visit to Dan’s Bookstore‚ Dan stopped Paul as he left the store. Dan accused Paul of stealing a book from the store. After briefly looking into Paul’s shopping bag‚ Dan determined that Paul did not shoplift. He apologized to Paul and released him. On these facts‚ Dan will likely: a. b. c. win the case‚ because the shopkeepers’ privilege
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ANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1‚ 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes‚ which are human readable‚ and in machine readable object
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