Bul 3310 bailey - Study guides, Class notes & Summaries

FLORIDA STATE UNIVERSITY BUL 3310 EXAM 2 FSU BAILEY 2024

FLORIDA STATE UNIVERSITY BUL 3310 EXAM 2 FSU BAILEY 2024

Acts which are wrongful in themselves and prohibited by almost all civilizations are classified as ______________crimes. - ️️Malum in se The first of the pleadings in a civil case is filed by the plaintiff and contains the allegations he is making against the defendant. This document is called the_________. - ️️Complaint Res judicata is best defined as - ️️A controversy that has been litigated and forever settled between the parties Today, scholars argue the role of the corpor...

What is the provision of the tax rule that makes income taxable only for the individuals who receive it, and not for the business entity that produces it? Double taxation Pass through Dividend retention Income averaging - ️️Pass Through Which of the following is NOT one of the recognized disadvantages of doing business as a corporation? A corporation must comply with a great number of state and federal regulations. Corporate profits are subject to double taxation. A corporation mus...

Partnerships typically buy life insurance policies on each partner in order to fund the required purchase of the partner's interest in the partnership when the partner dies T/F - Answer-True Subchapter S corporation will avoid double taxation if which of the following applies? A. All the shareholders agree to be taxed as in a partnership B. The corporation files Articles of Partnership in the state where it has its principal place of business C. The corporation has no retained earnings D...

A master can normally avoid liability for damages caused by a servant if he can show that the servant misunderstood his instructions T or F? - Answer-True In contracts negotiated by an agent who is acting within the scope of his authority for a disclosed principal, the agent, the principal, and the third party are equally liable on the contract T or F? - Answer-False The legal doctrine that holds the master liable for the torts committed by a servant while acting within the scope of this ...

The federal government and state governments have separate and distinct powers. This arrangement constitutes an __________ separation of powers. - ️️Vertical Deductive reasoning requires one to ________. - ️️Use major and minor premises to draw logical conclusions. Assume that the Vermont legislature passed a bill prohibiting the sale within the state of detergents containing certain chemicals harmful to the environment. Assume further that the governor signed the bill into law. Th...

Tort law is a subset of private law that seeks to compensate the injured party for the loss caused by the actions of another. True False - Answer-True Res judicata is best defined as - Answer-A controversy that has been litigated and forever settled between the parties Today, scholars argue the role of the corporation is to maximize the return on investment of shareholders. True False - Answer-False Deductive reasoning requires one to ____. - Answer-use major and minor premises to draw...

Partnerships typically buy life insurance policies on each partner in order to fund the required purchase of the partner's interest in the partnership when the partner dies T/F - ️️True Subchapter S corporation will avoid double taxation if which of the following applies? A. All the shareholders agree to be taxed as in a partnership B. The corporation files Articles of Partnership in the state where it has its principal place of business C. The corporation has no retained earnings ...

BUL 3310 Exam 2 FSU Bailey Latest Update 2024