Question
T. Brady meets with his BFF, Caleb, to discuss a new business proposition - selling deflated footballs. Brady makes a few videos which he posts
T. Brady meets with his BFF, Caleb, to discuss a new business proposition - selling deflated footballs. Brady makes a few videos which he posts on Instagram, expressing his utter joy and enthusiasm about his new business endeavors with Caleb. Caleb uses these videos as he pitches the business idea to numerous investors and potential buyers. After two months promoting, Brady has completely forgotten about the footballs and has moved on to promoting Aston Martin vehicles.
When Caleb absconds with the money to Kazakhstan, the investors seek to recoup their money from Brady. What result?
Group of answer choices
Brady is liable because he created a partnership by estoppel.
Brady may avoid liability if he can show that the business idea was Caleb's and he was only paid as a sponsor.
Brady avoids liability under the theory of ipsa loquitur.
Brady may be liable for the tort of interference.
Flag question: Question 5Question 54 pts
Mr. Darnay is the registered agent for Carton Corp. in Idaho. Mr. Darnay .
Group of answer choices
is an officer of Carton Corp. in Idaho
must be willing to accept service of process on behalf of Carton Corp. if Carton Corp. gets sued in Idaho
may transact any registration business on behalf of the corporation
is responsible for incorporating Carton Corp. and is liable for corporate acts that occur before the initial meeting of the Board of Directors
Flag question: Question 6Question 64 pts
Batman and Robin form a crime-fighting partnership. They have a very profitable year because there are so many criminals for them to fight. They agree to split profits equally. They earned $200,000 profits this year. How will the partnership profits be taxed?
Group of answer choices
Batman and Robin will each report $100,000 income on their personal income tax returns.
Batman and Robin will each report $50,000 income on their personal income tax returns.
The partnership will report $200,000 profits on its tax return, then after the partnership pays its taxes, the remainder will be split between Batman and Robin.
Batman and Robin will each report the full $200,000 on each of their individual tax returns.
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