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business
law for business

Questions and Answers of Law for Business

Explain the legal restrictions imposed upon dividends and other distributions.
Explain what type and amount of consideration a corporation may validly receive for the shares it issues.
Identify and describe the principal kinds of equity securities.
Identify and describe the principal kinds of debt securities.
Distinguish between equity and debt securities.
. Distinguish between a limited liability partnership and a limited liability limited partnership.
Distinguish between a member-managed limited liability company and a manager-managed limited liability company.
Distinguish between a limited partnership and a limited liability company.
. Identify those activities in which a limited partner may engage without forfeiting limited liability
Distinguish between a general partnership and a limited partnership.
In the afternoon of September 6, 1999, an explosion leveled the home of Jerry Usovsky (Usovsky) in Richland, Iowa. Tragically, seven people who had gathered in the home to celebrate the Labor Day
Namvar Taghipour, Danesh Rahemi, and Edgar Jerez (‘‘Jerez’’) formed a limited liability company known as Jerez, Taghipour and Associates, LLC (the ‘‘LLC’’), on August 30, 1994, to
Defendants Cy Feuer and Ernest Martin, associated as Feuer and Martin Productions, Inc. (FMPI), have been successful producers of Broadway musical comedies since 1948. Their first motion picture,
In the spring of 1979, Alzado, Alzado’s former accountant, Tinter, and Alzado’s former agent, Ronald Kauffman (Kauffman), formed Combat Promotions, Inc. to promote an eight-round exhibition
DiLorenzo was an officer, director and shareholder of 100 shares of stock of Valve & Primer. M. Chris Dickson was the chief executive officer and majority shareholder of Valve & Primer.
Identify the sources of corporate powers and explain the legal consequences of a corporation’s exceeding its powers.
Explain how the doctrine of piercing the corporate veil applies to (a) closely held corporations and (b) parent-subsidiary corporations.
Distinguish between the statutory and common law approaches to defective formation of a corporation.
Discuss how a corporation is formed and the role, liability, and duties of promoters.
Identify the principal attributes and classifications of a corporation.
Explain the effect of dissolution upon the authority and liability of the partners and the order in which the assets of a partnership are distributed to creditors and partners.
Identify the causes of dissolution of a partnership and the conditions under which partners have the right to continue the partnership after dissociation.
Distinguish between the liability of an incoming partner for debts arising before his admission and those arising after his admission.
Discuss the tort liability of a partnership and the partners.
Discuss the contract liability of a partnership and the partners.
In August 1978, Wilbur and Dee Warnick and their son Randall Warnick contracted to purchase a ranch in Sheridan County for an agreed price of $335,000, with $90,000 down plus $245,000 in installments
Horizon is a large, publicly traded provider of both nursing home facilities and management for nursing home facilities. It wanted to expand into Osceola County in 1993. Southern Oaks was already
This appeal addresses whether an incoming partner is personally liable for interest that accrues on a partnership debt that arose before the incoming partner’s admission. Under section 17 of New
RNR is a Florida limited partnership formed * * * to purchase vacant land in Destin, Florida, and to construct a house on the land for resale. Bernard Roeger was RNR’s general partner and Heinz
Identify and discuss the principal rights of partners.
. Discuss the duties owed by a partner to her copartners.
Distinguish between a partner’s rights in specific partnership property and a partner’s interest in the partnership.
Distinguish between a legal entity and a legal aggregate and identify those purposes for which a partnership is treated as a legal entity and those purposes for which it is treated as a legal
Identify the various types of business associations and explain the factors that are relevant to deciding which form to use.
Defendants [William and Claudia Daniels] state that in 1980, they and other family members formed a general partnership known as 3-D. The partnership’s sole asset was a building that had been
Plaintiff’s husband of thirty years died in February 1988. In February 1989, Plaintiff met Defendant in Mobile, Alabama, while traveling. Their chance meeting quickly blossomed into a romantic
[In 1999 King was doing business under the name of ‘‘Washco’’ as a sole proprietorship engaged in selling, installing, and servicing carwash systems and accessories. King offered to his
This appeal involves an issue of first impression in Mississippi—the interpretation of [UCC] 4–406 (Rev. 2002), which imposes duties on banks and their customers insofar as forgeries are
The events giving rise to this lawsuit arose in January and February of 1997 * * *. During that time period, plaintiff/appellant Seigel, a Maryland resident, traveled to Atlantic City, New Jersey to
Mr. Scott D. Liebling, P.C. (hereinafter ‘‘Plaintiff’’) is an attorney at law. Plaintiff maintains an attorney trust account (‘‘Account’’) at Mellon Bank (NJ) National Association
In this appeal, we review two orders entered by the Circuit Court for Baltimore City, which granted two separate Motions for Summary Judgment filed by Bank of America, N.A., appellee, against
Currently pending before this court is the motion by defendant Main Line Federal Savings Bank (‘‘Main Line’’) for judgment on the pleadings * * * or for partial summary judgment * * * on the
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Defendant was the drawer of a check for $152.38 payable to its employee Arnett Lee. Lee, in turn, endorsed the check over to plaintiff, who operated a liquor store. After Lee endorsed the check to
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
I The case * * * involves a bank check. A check is defined as a draft payable on demand and drawn on a bank. [UCC] §3–204.*** The case * * * arises from Petitioner’s irritation
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Discuss contractual liability, warranty liability, and liability for conversion.
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and
Civil Code §1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and

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