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Basically, we need answers to these questions asap. Please be sure that all answers are right as our future right now depends on your help.
Basically, we need answers to these questions asap. Please be sure that all answers are right as our future right now depends on your help. Please help us out and I cannot ask more questions this is the last thing I got so help out Thank you.
Kirk purchased a small business from Spock for $450,000. To pay for the purchase he borrowed $375,000 from the Federation Bank. He expected the business to do very well and made various purchases by charging them to his credit card. Very quickly, he built a $32,500 credit card debt. He soon maxed out his credit card, but still wanted to purchase a few more additional items for his home, so used his Line of Credit to do so. Very quickly, the debt on his Line of Credit grew to $22,000. His 1997 Ford Explorer started to give him problems, so rather than repair the car he decided to purchase a new Tesla. He financed this purchase with a $75,000 loan from Romulan Financing. Before the end of the year, business started to go badly and he was earning very little revenue. He had trouble making payments to his creditors. To deal with this cash flow issue, he paid his mortgage regularly, but only made sporadic payments to the auto financing company and on his Line of Credit and credit card debt. This did not solve his money problems and feared that he would soon go bankrupt. To minimize his losses, he sold his car for cash and put half of the money in a bank which is located in another province and the other half he transferred to his wife. A few days later, he bought 2 one way tickets to Vulcan and made plans to move there. His creditors immediately attempt to petition him into Bankruptcy. Which of the following is true? a. As he has not voluntary assigned himself into bankruptcy, his creditors will have to wait for him to voluntarily pay his debts. b. He is legally married. As such, he can transfer whatever he wants to his wife without issue. O c. He has committed some Acts of Bankruptcy, but not enough to be petitioned into Bankruptcy. d. As he owes more than $1000 and has committed an Act of Bankruptcy within the last 6 months, he may be petitioned into Bankruptcy. e. Both A&C None of the above Under the Common Law of Environmental Nuisance A defendant may successfully claim that the nuisance is a benefit to the public thereby eliminating liability. a defendant may use the defence that it used all necessary care and skill to prevent the nuisance from occurring. a defendant may successfully use the defence that it existed with its offending activity before the plaintiff came to the nuisance. The defendant may not argue that its actions do not constitute nuisance because other entities independent of it are also engaged in the same activity. all of the above none of the above Which of the following are protected by Trademark? Machines, Inventions, Compositions of Matter Slogans, Trade names, Marketing Symbols Art, Works of Fiction, Music, Statues all of the above none of the aboveStep by Step Solution
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