Questions and Answers of Business Law Today

From what sources may dividends be paid legally? In what circumstances is a dividend illegal? What happens if a dividend is illegally paid?
If a group of shareholders perceives that the corporation has suffered a wrong and the directors refuse to take action, can the shareholders compel the directors to act? If so, how?
Interstate Corporation asks its shareholders to vote on a proposed merger with Regional, Inc. Jill, an Interstate shareholder, votes against it but is outvoted by the other shareholders. Is there
ABC Corporation combines with DEF, Inc. ABC ceases to exist. DEF is the surviving firm. Global Corporation and Hometown Company combine. Afterward, Global and Hometown cease to exist. GH, Inc., a new
Under what circumstances is a corporation that purchases the assets of another corporation responsible for the liabilities of the selling corporation?
What actions might a target corporation take to resist a takeover attempt?
What are the two ways in which a corporation can be voluntarily dissolved?
What is meant by the term securities?
What is insider trading? Why is it prohibited?
How are federal administrative agencies created?
What sequence of events must normally occur before an agency rule becomes law?
How do administrative agencies enforce their rules?
Every year, Michael Manin, an airline pilot and flight instructor, had to renew his firstclass airman medical certificate, which showed that he had met medical standards for aircraft operation. The
Does Congress delegate too much power to federal administrative agencies? Do the courts defer too much to Congress in its grant of power to those agencies? What are the alternatives to the agencies
What agencies of the federal government enforce the federal antitrust laws?
Under what common law theories can polluters be held liable?
Under what common law theories may professionals be liable to clients?
Nora, an accountant, prepares a financial statement as part of a registration statement that Omega, Inc., files with the Securities and Exchange Commission before making a public offering of
What are the rules concerning an auditor’s liability to third parties?
In early 2014, Bennett, Inc., offered a substantial number of new common shares to the public. Harvey Helms had a long-standing interest in Bennett because his grandfather had once been president of
How might an accountant violate federal securities laws?
What crimes might an accountant commit under the Internal Revenue Code?
What is real property? What is personal property?
What are the basic rights and duties of a bailee? What are the rights and duties of a bailor?
Vincent Slavin was a partner at Cantor Fitzgerald Securities in the World Trade Center (WTC) in New York City.In 1998, Slavin and Anna Baez became engaged and began living together. They placed both
What is a leasehold estate? What types of leasehold estates, or tenancies, can be created when real property is leased?
What are the respective duties of the landlord and the tenant concerning the use and maintenance of leased property?
The Wallen family owned a cabin on Lummi Island in the state of Washington. A driveway ran from the cabin across their property to South Nugent Road. Floyd Massey bought the adjacent lot and built a
Is an insurance broker the agent of the insurance applicant or the agent of the insurer?
What are the basic requirements for executing a will?
What is the difference between a per stirpes distribution and a per capita distribution of an estate to the grandchildren of the deceased?
What are the four essential elements of a trust? What is the difference between an express trust and an implied trust?

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