a) Identify and explain the three tests that are used to distinguish an employee
from an independent contractor. Give one example of case law to illustrate each
test
b) Henry is a majority shareholder in three companies. Such companies have
faced difficulties with their business and Henry has approached you, as a
lawyer, to give him some legal advice. His concern is whether or not there is
sufficient ground in each case for compulsory winding-up by the court.
i. Middle East Ltd. is a private trading company. This company owed £5,000
to a supplier of office equipment. The supplier has served a formal written
demand on the company 2 months ago and the company fails to pay the debt.
ii. New Heaven Ltd. was registered as a private company. For personal
conflicts, the directors of the company quarrelled bitterly, leading to the
deadlock in management and inability to make business decisions.
ili. For administrative reasons, Paradise Plc. was registered as a public
limited company 9 months ago but it has not yet been issued with a trading certificate.
Question 2:
a) Distinguish between a company and a partnership.
b) Andrew is managing director of a company. He has the power to conclude
contracts for sale of goods. He accepted a bribe from a supplier with the
intention that all future supplies needed by the company would be ordered from
that supplier. In facts, the price of goods provided by this supplier is higher than
others' in the market.
Is the managing director in breach of his duties? If so, which duty was the
managing director in breach of? Explain the reason.
Answers
It should be noted that the tests that can be used to differentiate an employee from an independent contractor include:
Control test.Integration tests.Multiple factor test.A control test simply refers to the level of control that an employer has over the workers. An employee is subjected to orders from the employer unlike the independent contractor.
Integration test implies that the employees are part of an essential group in the organization. Lastly, the multiple-factor test is when various factors are taken into consideration to determine if one is an employee or not. For example, in Short v Anderson (1946), the criteria used were the power of choice, renumeration, etc.
A company is an association of persons that have a common objective of providing services to customers while partnership is an agreement between two or more people to run a business and share its profit.
Lastly, based on the information given, the manager is in breach of his duties. Bribery and corruption aren't part of the principles of a company.
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Related Questions
The area of consumer protection has given rise to a myriad of statutes at both the federal and state level that seek to protect the consumer from the dangers of the marketplace. (Ch. 44) Identify and discuss any three (3) specific areas of consumer activity that have become a focus of this type of legislation. Consumer Protection Ch 44 Please note that this area of law is reflective of many statutes that address the subject matter, only some of which, are referenced within this outline. Introduction Consumer transactions defined as goods, credit, services or land for personal, household or family purposes (cf. caveat emptor - "let the buyer beware" A. State and federal Consumer Protection Agencies Abuses include credit, deceptive trade practices, unsafe products, unfair pricing. 1) State and local consumer protection agencies-address fraudulent and deceptive trade and sales practices, defective goods and services 2) Federal Trade Commission (FTC)-re: used cars, franchises, funerals, door to door sales etc. unfair competition (ant- trust) unfair and deceptive trade practices deception-misrepresentation, omission or practice likely to mislead advertising substantiation -reasonable basis for advertising claims 3) Remedies Affirmative disclosure Corrective advertising Cease and desist orders 4) Consumer Product Safety Commission - protects public re unsafe products, evaluates products, uniform standards, excludes autos, tires, tobacco, firearms, food. drugs among others and enforcement re: hazardous substances 5) Consumer Financial Protection Bureau-authority over consumer financial products or services 6) Other federal consumer protection agencies- National Highway Traffic Safety Administration (NHTSA) -autos, etc. Federal Drug administration (FDA)-food, tobacco, drugs, medical devices, cosmetics, etc. B. Consumer purchases State contract law (UCC Art 2) provide many rights and obligations 1) Federal warranty protection -applies to sellers of consumer goods who give written warranties (ensure certain features of consumer goods or services) 2) As per Magnusson Moss Warranty Act need provide adequate assurance re: warranties (disclosures, labeling, disclaimers) 3) State lemon laws-provides new car purchasers w/ rights 4) Consumer right of rescission w/n 3 days of signing C. Consumer Credit Transactions Applies to any credit transactions re: goods, services or land for personal, household or family- Federal Consumer Credit Protection Act (FCCPA) 1) Access to the market-addresses discrimination in extending credit/ several applicable statutory protections 2) Disclosure requirements Truth - in- Lending Act (TILA) provides information such as charges, late fees etc. re: credit accounts 3) Among areas addressed are: Home equity loans fixed amount secured by home Billing errors re: disputed amounts Settlement charges -applies to real estate escrow accounts Mortgage Reform and Anti- Predatory Lending Act 4) Contract terms- FTC limit rights of holders in due course when debt arises out of consumer credit transaction 5) Consumer credit card fraud- limits liability for unauthorized use up to $50 6) Fair reportage- Fair Credit Reporting Act (FRCA) -prohibits use of inaccurate or dated information in consumer reports 7) Credit card bill of rights re: interest rates, notices, payments and penalties D. Creditor remedies 1) Wage assignments - protects against discharge from employment Garnishment -only by court order 2) Security interest in goods- seller may retain security interest in goods sold w/ restrictions 3) Debt collection practices-prohibitions on abusive, deceptive, unfair practices including harassing conduct
Answers
Numerous federal and state laws have been passed in the field of law known as consumer protection in an effort to protect consumers from the risks present in the marketplace. Three specific consumer activities that have come under the purview of such legislation are as follows:
1. Purchases by consumers: This refers to the sale of products and services, as well as real estate, for private, domestic, or familial use. For instance, written warranties offered by vendors of consumer goods are covered under the Federal Warranty Protection. On the other hand, new automobile buyers have rights under lemon laws.
2. The use of consumer credit: It covers all credit agreements for purchases of commodities, services, or real estate made for private, domestic, or familial use. The Federal Consumer Credit Protection Act (FCCPA) is applicable to a number of legal protections, such as banning discrimination in credit-granting.
3. Credit Remedies: There are many different types of creditor remedies, including wage assignments, garnishments, security interests in property, and debt collection techniques. Garnishment is only legal with a court order, and wage assignments guard against termination from employment. The credit card bill of rights places restrictions on credit card users' interest rates, notifications, payments, and penalties, and fair reporting forbids the use of inaccurate or out-of-date information in consumer reports. Protecting consumers from dishonest and misleading business practices, as well as faulty goods and services, is the responsibility of the Consumer Financial Protection Bureau and other government consumer protection organizations, such as the National Highway Traffic Safety Administration (NHTSA).
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Which of these groups does the government rely on to assist in overseeing compliance, and in reporting violators of national laws and regulations?
-citizens
-public officials
-interest groups
-the media
Answers
The government relies on various groups to assist in overseeing compliance and reporting violators of national laws and regulations. One such group is citizens who are encouraged to report any violations they witness or are aware of.
The government provides avenues for reporting such violations, such as hotlines or online portals, and encourages citizens to use these channels to report any wrongdoing.
Public officials are also relied upon to oversee compliance and report any violations. They are responsible for implementing and enforcing laws and regulations in their respective jurisdictions, and are expected to report any violations they come across.
Interest groups can also play a role in overseeing compliance and reporting violations. These groups are often focused on specific issues or industries and have the expertise and knowledge to identify violations and bring them to the attention of the government.
Finally, the media can also play a crucial role in reporting violations and bringing them to the attention of the public and the government. Investigative journalists can uncover violations and publish stories that expose them, which can lead to increased scrutiny and enforcement by the government.
The government relies on a combination of citizens, public officials, interest groups, and the media to assist in overseeing compliance and reporting violators of national laws and regulations.
Citizens play a crucial role in reporting suspicious activities, misconduct, or violations of laws to appropriate authorities. Their vigilance and cooperation contribute to maintaining law and order in society.
Public officials are responsible for enforcing laws and ensuring compliance. They include law enforcement officers, regulatory agencies, and government departments that oversee various sectors. These officials monitor and investigate potential violations and take appropriate action, such as issuing fines or initiating legal proceedings.
Interest groups, comprising organizations with specific goals or interests, can also contribute to ensuring compliance. They may conduct research, lobby for policy changes, or provide information to authorities about potential violations within their area of expertise.
Lastly, the media plays a vital role in reporting violations and bringing them to the attention of both the public and authorities. Investigative journalism and the exposure of corruption or illegal activities can lead to enforcement actions and policy changes.
In summary, the government relies on a collaborative effort from citizens, public officials, interest groups, and the media to assist in overseeing compliance and reporting violators of national laws and regulations.
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Your client, who is ninety-five years old, first contacted you in 2009 to complete her Last Will and Testament, which you did. However, she started to contact you regularly in 2011 in the middle of dementia saying that she wanted to leave everything to her mother. Now, she has insisted on completing a new will leaving everything to her mother, and you proceed with it to make your client happy, but also because you know that this final version of the will is not valid under the defense to formation of duress. True False
Answers
Answer:
False.
Explanation:
Cohesion is the term that justifies the invalidation of an act, because that act has or was performed on illegal grounds. A testament cannot be an invalid claiming coercion, even if the person who issued it has dementia or another problem that impedes their abilities.
A testament represents an individual's last will and shows what he wants to happen after his death. The will is a legal document and valid in any situation.
Answer:
False
Explanation:
what are not the function of the local government
Answers
The role of the local government does not include maintaining public order or providing for the general welfare.
What are the local government's functions?In certain places, local government is in charge of a number of crucial services for citizens and businesses. Some of them are well-known, such as social services, education, housing, planning, and waste collection, while others are less well-known, such as pest control, business support, licensing, and registrar services.
The goal is to raise money for community services and the upkeep, growth, and enhancement of local infrastructure. Local governments may launch a community's economic planning efforts to increase the scope of their official community plan, their function in directing community growth, and their control over land use.
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How many amendments in the constitution of the united states.
Answers
Answer:
27
Explanation:
Budgeting for Wants Start by setting aside money in your savings account for your goals and for emergencies. Then, fill in the other categories with your remaining money. Be sure to allocate all of your money, so you have $0 left.
Savings:
Clothing:
Entertainment:
Charitable Giving:
BUDGET:
TAKE HOME PAY - $1,770
NEEDS - $1,195
AMOUNT TO SPEND - $575
Savings - $0
Wants - $0
Answers
The budget or allocated money will be as follows:
Savings: 20/100*575 = $115 while others such as
Clothing, Entertainment, and Charitable Giving (wants) are budgeted from the savings.
How do you arrive at the savings amount?Since all the money has been allocated as follows:
BUDGET:
TAKE HOME PAY - $1,770
NEEDS - $1,195
AMOUNT TO SPEND - $575
Savings - $0
Wants - $0
It looks like one has already allocated all of one's money to one's "needs" category, so there is no money left for "wants" or for savings. It's important to have some money set aside for both of these categories, as well as for emergencies.
One needs to set aside some money for savings and for emergencies. The amount one should save will depend on one's financial goals and one's overall financial situation. It has been recommend that one should be saving at least 20% of one's income, but you may want to save more or less depending on your situation.
Once you have set aside money for savings and emergencies, you can start budgeting for your "wants." This might include things like clothing, entertainment, and charitable giving. Be sure to allocate all of your remaining money, so you have $0 left at the end of the month. This will help you to stay within your budget and avoid overspending.
Therefore, since need is germane, hence, after fulfilling the needs, one can the save out of the remaining amount and then from it attends to one's wants.
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Answer:
0
200
200
175
I did it
What is the name of the military technique that involves the shooter rapid firing to clear a path while advancing upon the target? slicing the pie rapid fire advanancement full deployment sounding off
Answers
The military technique that involves the shooter rapid firing to clear a path while advancing upon the target is called "rapid fire advancement."
This technique is often used when soldiers need to quickly advance upon an enemy position and clear out any resistance in their way. Rapid fire advancement involves firing rounds rapidly in the direction of the enemy while simultaneously advancing forward. This technique is meant to suppress the enemy and create enough cover fire to allow the advancing soldiers to safely move forward. Rapid fire advancement is a crucial tactics in modern warfare, as it allows soldiers to quickly gain ground and take control of the battlefield. It requires a high level of skill and training, as well as the ability to quickly assess the situation and make split-second decisions. When executed properly, rapid fire advancement can be an extremely effective way to gain a tactical advantage over the enemy.
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Journalist’s Notes:
Within the span of three months, several homes on one side of town have been broken into during the day. No one is ever home at the time, and numerous high value items have been stolen. Additionally, three local businesses have been broken into at night after closing. Cash was stolen from the safes in two of the businesses. The third business is a hardware store and several expensive tools were stolen. During this time period, two bicycles and one all-terrain vehicle were also stolen while left outside unattended; it is unclear if these thefts were committed by the same offender(s) breaking into homes and businesses.
Finally, two disturbing incidents occurred in the midst of these crimes.
First, a man with a gun forcefully pushed a man who was stopped at a red light off of his motorcycle. The gunman then hopped on the motorcycle and sped off.
Second, two women got into an altercation in the mall parking lot when one woman accused the other of stealing her parking spot. The angry woman parked her truck behind the other woman’s car, blocking it in. She then proceeded to kick and hit the other woman for several minutes before grabbing a baseball bat from her truck and hitting the other woman in the back with it. She then smashed the windshield and drove off.
Answers
Answer:
Description of Criminal Act: A man with a gun forcefully pushed a man who was stopped at a red light off of his motorcycle. The gunman then hopped on the motorcycle and sped off.
Type of Crime: Robbery
Property or Violent Crime:
Violent (The man had a "gun", this could be a threat of harm. Making the other man not to fight the gunman for his bike back. The gunman then forcefully pulled the man off his motorcycle.
Explanation:
Brian Lampard is using machine A to produce the watches that they sell to major retail shops in South Africa. Because of a new technology, Brian decided to sell machine A in order to upgrade and buy a new machine B that can produce more watches to increase the sales. Based on the above statement, select the correct answer from the options below: A. Brian can deduction the cost price paid when acquiring machine B. B. Brian cannot deduct the cost of the plant and equipment in terms of section 11(a) of the Income Tax Act 58 of 1962, because that expense is capita C. Brian can only deduct up to 50% of the cost price of both Machine A and B
D. Brian can deduction the cost price paid when acquiring machine A
Answers
Brian cannot deduct the cost of the plant and equipment in terms of section 11(a) of the Income Tax Act 58 of 1962 because that expense is capital in nature. So, option B. is the right choice.
Brian can deduct the cost price paid when acquiring machine B. Based on the statement, Brian decided to sell machine A and buy a new machine B to upgrade and increase sales.
When Brian purchases a new machine B, the cost price paid for acquiring it can be treated as an expense and deducted from the taxable income. This deduction would be in accordance with the general principles of business expenses deduction.
The cost of acquiring new machinery for business purposes is typically considered a deductible expense, allowing businesses to offset their taxable income.
However, it's important to note that the specific tax regulations and laws of South Africa, including any limitations or conditions on deductions, should be consulted for accurate and up-to-date information.
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Answer Key
All answers will be graded following this answer key:
3 marks for the answer structure (Introduction, Body, Conclusion)
3 marks for presenting the legal concept (in this case the concept of offer, acceptance, and consideration)
4 marks for justifying or defending the decision
Tahir filed a civil case in court of first instance at RAK. His dispute with Khalid is worth AED 700,000. You are a judge to the case. Give your judgment and explain the decision.
Answers
It would be desirable to get the advice of a qualified legal expert or judge who is knowledgeable with the rules and regulations relevant to the particular jurisdiction in issue for a matter involving a disagreement between Tahir and Khalid over AED 700,000 in the court of first instance at RAK. To reach a well-informed decision, they would be able to evaluate the relevant facts, arguments, evidence, and legislation. A fair and unbiased assessment of the relevant facts and legal principles is crucial since legal issues include many factors.
The legal word for the power given to a legal organization to carry out justice is jurisdiction . In federations like the United States, there are local, state, and federal levels of jurisdiction.
In order to allocate resources to best meet the requirements of society, the executive and legislative branches of government legislation have the authority to use international law, conflict of laws, constitutional law, and other legal frameworks.
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criminals can alter or acquire checks in many ways, including:
Answers
Criminals can alter or acquire checks in may ways like ordering someone else's checks from a deposit slip, directly altering a check, intercepting someone's check, altering it, and cashing it, or creating forged checks from scratch.
Various politicians have often emphasized that unless we seal our Southern border, undocumented/illegal immigrants will enter and drive up crime rates.
Answers
Answer:
all the good ones
Explanation:
DONALD TRUMP RON DESTANTIS GREG ABOTT
When the trade union movement began in Britain, the strike was an illegal action taken against whom?
Answers
When the trade union movement began in Britain, the strike was an illegal action taken against factory owners by union workers.
In the year 1868, the trade unionists from all over the UK came together in Manchester, and held the first meeting of the Trade Union Congress. while the legal status of trade unions established by the commission in the year 1867. The movement encouraged increased output of machine made goods and protection of rights of the employees, it was a step towards preventing exploitation of employee rights as a collective organisation of working people developed to campaign for better and safe working condition for all the workers. The movement was widely in the favor of the workers and prevented the factory owners from exploiting the rights of the employees.
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each state has its own system for providing for the defense of indigent defendants. which is not one of these systems?
Answers
There is no national or federal system for providing for the defense of indigent defendants in the United States. Therefore, the answer is "a national or federal system" as it does not exist for the defense of indigent defendants in the US.
Each state is responsible for developing and implementing its own system for providing legal representation to indigent defendants.
In the United States, there is a federal system for providing legal representation to indigent defendants in federal criminal cases. The federal government has a Public Defender Service (PDS) that provides legal representation to defendants who cannot afford an attorney in federal criminal cases. The PDS is funded by the federal government and is separate from the state-based systems for providing legal representation to indigent defendants in state criminal cases.
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The lawyers for the State of Florida have appealed to you, Chief Justice of the United States Supreme Court, to help come to a final decision in this case. Do you agree with Mr. Jardines’ Lawyers that the search was illegal, or The State of Florida’s opinion that it was right to arrest Mr. Jardines? PLEASE EXPLAIN YOUR DECISION IN AT LEAST 3-5 SENTENCES
Pls help !
Answers
A shareholder's basis in the stock of an S corporation is increased by the shareholder's pro rata share of income from:
Answers
A shareholder's basis in the stock of an S corporation is increased by the shareholder's pro rata share of income from:
Ordinary business operations: When the S corporation generates income from its ordinary business operations, the shareholders' basis in their stock increases by their respective shares of that income. This includes income from sales, services, or any other revenue-generating activities of the S corporation.
Tax-exempt income: If the S corporation receives tax-exempt income, such as interest from municipal bonds, the shareholders' basis in their stock increases by their pro rata share of that tax-exempt income.
Gains on the sale of assets: If the S corporation sells assets at a gain, the shareholders' basis in their stock increases by their respective shares of that gain.
These increases in basis are important for determining the tax consequences of subsequent transactions, such as distributions or sales of the S corporation stock by the shareholders. It helps ensure that shareholders are not taxed multiple times on the same income.
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Life insurance guarantees your loved ones get a certain
amount of money when you
Get injured
O Move out of the house
O Pass away
Turn 18
Answers
M3L2 : Legislative Branch Notebook
Answers
Congress and particular offices that support Congress are included in the legislative branch. American citizens have the freedom to cast free, private ballots to elect senators and representatives.
What is the function of legislative branch?They have the authority to enact laws, decide how much money the government should spend, confirm executive appointments, ratify treaties, look into the executive branch, impeach and dismiss members of the executive and judicial branches of government, and resolve constituent complaints.
What are the two types of legislative branch?The Senate and the House of Representatives are the two houses that make up Congress. Representatives, sometimes known as Congressmen or Congresswomen, are members of the House of Representatives.
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police stop drivers and give them a prize if their seatbelt are buckled; seat belt use increases in town. what is it called?
Answers
This is an example of a positive reinforcement program, or a reward system.
What is reinforcement ?Reinforcement is a type of learning in which an action or response is strengthened due to its consequence of producing a rewarding or desirable outcome. It is a process of encouraging an individual to repeat a behavior in order to gain a reward. The reward can be a tangible item, such as money or candy, or it can be an intangible item, such as praise or recognition. The reward acts as a reinforcement to the individual, and thus increases the chances of the behavior being repeated in the future. Reinforcement is used in behavior modification and can be used for both positive and negative behaviors.
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can students get Married To school Teachers
Answers
They can!! When they are 18 of course. While it is a little weird to get married to someone who used to TEACH you, love has no boundaries (except it's a child then wth you p e d o)
Name the ways in which a court order can compel specific performance as a remedy for breach of contract?
Answers
Answer:
Specific performance is a type of equitable remedy available in a breach of contract action. It is a remedy based on the concept of fairness. Specific performance recognizes that money may not adequately compensate the non-breaching party in certain situations.
Explanation:
u.s. supreme court decisions like miranda v. arizona gave citizens more freedoms, but restricted the ability of the police to perform their duties.
T/F
Answers
True.
Did the Supreme Court decision in Miranda v. Arizona grant citizens more freedoms while restricting the police's ability to perform their duties?The statement is true. The Supreme Court decision in Miranda v. Arizona did grant citizens more freedoms by establishing the Miranda rights, which include the right to remain silent and the right to an attorney when being questioned by the police.
These rights were designed to protect individuals from self-incrimination and ensure fair treatment during criminal investigations.
However, it can be argued that these rights also place restrictions on the ability of the police to perform their duties, as they must adhere to specific procedures and guidelines when interacting with individuals in custody.
While the decision aimed to safeguard individual rights, it also introduced certain limitations on law enforcement practices.
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(a) What is the definition of a contract?
(b) What are the required elements?
Answers
Answer: A contract is a written agreement that you follow by. For example an NBA Player signs a Contract to a Team and he has to play there for the amount of time with their rules and plays for the amount of money said.
The required elements of a contract are, offer, acceptance, consideration, capacity, legality, and sometimes a written instrument
Explanation:
how you can acquire the professional standards for teacher?
Answers
Explanation:
ewan ko basta ang alam ko wala kang jowa
Wilona was married to Wilbur for 40 years. She was devastated when he passed away. She had been very reliant on him and left all their business matters to him. She had always been a religious person and turned to her faith for solace.
She was visited by her local priest, Father Devout. She talked about her situation with him and concluded that she should sell her matrimonial home and move into a small unit. Father Devout was himself looking for a new home after the church had informed him that it would be selling the bungalow adjacent to the church building in which he currently lived as a cost- cutting exercise. He mentioned this fact in passing and Wilona insisted that she sell her house to him. When he asked how much she would want for the property, she said she had no idea of its worth. However, she had heard a neighbour say that a house in the street had sold for about $200,000, but, because she knew that her house would go to someone deserving, she would sell it to him for $100,000. This was in fact half its true value. She wouldn’t take no for an answer and Father Devout knew her to be someone who would obstinately insist on something once her mind was made up.
Wilona needed a bridging loan to purchase her unit. She does not trust banks and instead approached Sly, a fellow parishioner. Sly was a wealthy businessman, who told her he would give her the necessary funds if she signed a receipt for it so he ‘would have something to show the taxman’. In fact, the “receipt” was a basically-worded loan document, which provided that she was liable for interest at twice the rate that she could have obtained from a bank. Wilona signed the document without reading it because she thought Sly, as a fellow churchgoer, was “a good man”.
Wilona’s son and daughter have just flown in from their respective homes overseas and discovered what Wilona has been doing. They seek your advice on whether she can undo what she has done.
Advise Wilona’s children, discussing all available grounds for relief under Australian contract law.
Answers
Answer:whats the question
Explanation:
Answer:
A party is bound by the terms of a contract once it is signed whether or not the party has read or understood the terms in a contract (L'Estrange Rule). However, a signature is not binding where it was obtained by a fraud or misrepresentation, or where document was not known to be a contract by the party signing it (absence of "Intent".).
In the given case, there is a misrepresentation by Sly as a loan document was presented to Wilona as a tax receipt. Therefore, Wilona could repudiate the terms mentioned in the document.
Explanation:
A party is bound by the terms of a contract once it is signed whether or not the party has read or understood the terms in a contract (L'Estrange Rule). However, a signature is not binding where it was obtained by a fraud or misrepresentation, or where document was not known to be a contract by the party signing it (absence of "Intent".).
In the given case, there is a misrepresentation by Sly as a loan document was presented to Wilona as a tax receipt. Therefore, Wilona could repudiate the terms mentioned in the document.
The seller told you that a car was the best car she ever owned and that you will love it; you've had one repair bill after another and hate the car. You can get your money back because the seller committed fraud.
true
false
Answers
Answer:
The answer is false ....
Which level of EMS training includes obstetrics?
Obasic, intermediate, and paramedic
only paramedic
only basic
only intermediate
Answers
Which one of the following statements is TRUE?
a. To protect themselves from asset switching, creditors will charge a higher interest rate.
b. Firms borrowing money have greater flexibility to use that money when there are debt covenants.
c. An example of asset switching is an option to exchange one piece of real estate for another.
d. Lenders can't legally prevent a firm from engaging in asset switching.
e. None of the above.
Answers
The correct answer is option a. To protect themselves from asset switching, creditors will charge a higher interest rate.
Asset switching refers to the practice of a borrower transferring assets pledged as collateral for a loan to another entity in order to avoid defaulting on the loan. This can be detrimental to lenders who may then be unable to recover the full amount owed to them.
To protect themselves from this risk, lenders often charge a higher interest rate to borrowers. This compensates them for the increased risk of default resulting from asset switching. A higher interest rate also serves as a deterrent to borrowers who may be tempted to engage in asset switching.
Option b is incorrect because debt covenants are designed to restrict the actions of firms borrowing money, not provide greater flexibility. These covenants are terms included in loan agreements that limit a borrower's ability to take certain actions that may increase the risk of default.
Option c is incorrect because an example of asset switching would be the transfer of an asset pledged as collateral for a loan, not the exchange of one piece of real estate for another.
Option d is incorrect because lenders can legally include provisions in loan agreements that prevent or discourage asset switching. These provisions may include penalties for asset switching or restrictions on the transfer of assets.
In summary, option a is the correct answer because creditors often charge a higher interest rate to protect themselves from the risk of asset switching by borrowers.
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Greg invites his supervisor (Leslie) and two other colleagues (Wanda and Eileen) to go fishing on his boat. While fishing, they have some beers. Eileen gets so drunk that she falls overboard. Greg, Leslie and Wanda rescue Eileen with the help of the harbor police. Leslie reports the incident to the management of the company, which opens an investigation. Greg refuses to cooperate and is disciplined.
a. Greg has a privacy right to keep silent because the incident happened at a social occasion and away from the work place.
b. Greg has a 5thAmendment right not to cooperate because the information that he provides might be used against him by the company in a disciplinary proceeding.
c. Greg's rights have not been violated because the company has legitimate business reasons for seeking information about the fishing incident.
d. Although Greg's right to privacy has been violated, the company can discipline him based on the information that it gets from Leslie, Wanda and Eileen.
Answers
Letra c .
Thank
if you were a campaign manager for a person running for congress in a major city, where would you spend most of your money?
Answers
As a campaign manager for a person running for Congress in a major city, you would likely spend most of your money on advertising and outreach efforts within the city.
In a major city, there is typically a large population and a diverse range of voters. To effectively reach and engage with voters, it is important to allocate a significant portion of the campaign budget towards advertising and outreach strategies tailored to the city's demographics. This may include television and radio advertisements, digital marketing campaigns, direct mailings, and targeted outreach events in various neighborhoods and communities within the city.
Additionally, investing in a strong ground game, such as recruiting volunteers and establishing campaign offices in strategic locations, can help maximize the campaign's presence and visibility in the city. By focusing resources on these areas, the campaign can effectively communicate its message, build support, and connect with voters in the major city.
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