Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture gas guzzlling SUV automobiles just before gasoline prices rose dramatically As

image text in transcribed
Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture gas guzzlling SUV automobiles just before gasoline prices rose dramatically As a lost billions of dollars The shareholders of SC want to sue Ted for this bad decision them billions However, Ted had made a reasonable investigation before making t decision, he had a rational basis for it. and he had no conflicts of interest regarding decision What would be the probable outcome if the shareholders file a suit? Ted is liable under the vicarious liability rule. Ted is liable under the ultra vires rule. Ted is not liable under the business judgment rule. Ted is not liable under the corporate protection rule. In which of the following types of cases does a plaintiff attempt to prove that while an employer's policy or practice appears to apply to everyone equally, it's actual effect is disproportionately limits employment opportunities for a protected class? Disparate-treatment cases Disparate-impact cases Sexual harassment cases All of those Quid pro quo cases Which of the following run the risk of unlimited personal liability? Partners in a limited partnership Partners in a general partnership Shareholders In S Corporations Corporate shareholders Employers often bear legal responsibility for employees' accidents or wrongs That liabilites may spring from the doetrine of___. stare decisis res ipsa loquitur caveat emptor respondeat superior which of the following is a federal law regulating the payment of wages and overtime? The Fair Pay Act The Fair labor Standards Act the regulatory wage act the subsistence pay act the legal pay act

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

QS 9000 Handbook A Guide To Registration And Audit

Authors: Jayanta Bandyopadhyay

1st Edition

157444011X, 978-1574440119

More Books

Students also viewed these Accounting questions