Business Law

When the promoters fail to comply with some of the mandatory conditions precedent to incorporation, but substantially comply with the provisions taken as a whole, what kind of corporation is created? a. a de facto corporation b. a corporation by estoppel c. a corporation quo warranto d. a de jure corporation The answ ...continues

Law Question

Question Four: In May 1997, Own, a domiciliary and resident of Ontario, Canada, invited Pas, also a domiciliary and resident of Ontario, to take a ride in Own's new automobile. Own and Pas drove across the border into New York and had several drinks in a Buffalo tavern. On leaving the tavern, they met their friend, Fri, who a ...continues

Contracts - Whether a valid contract was formed

This question came from a Bar Exam. Can you help me with the answer. It is for review. Thank you. Question 4: You are an associate with an upstate New York law firm. A senior partner seeks your assistance concerning a matter presented by a new corporate client, Chips, Inc. ("Chips"). Chips manufactures two different co ...continues

Common Law

I would like a some ideas on the following topic: "Explain the inherent problems in our system of common law?" I'd like some insight into what are some major problems with a common law system. Thank you.

Account Receivable, Equity & Corporation

On the blank line beside each question below please write the letter corresponding to the sentence or phrase that best answers the question. Note: The sentences or phrases are listed after the four questions. (1) How does an "account receivable" arise? ____ (2) What is "equity" in terms of the interests represente ...continues

Proprietorships - Business Law

I am studying for an upcoming exam and need help with the following true or false questions. Beside each of the statements below circle the letter "T" if the statement is true, or, circle the letter "F" if the statement is false. (1) Sole proprietorships are typically financed through trade credit, a bank loan, accounts rec ...continues

Business Partnership

I need help with the following question: (1)To avoid continuing liability as a partner which of the following steps should be taken by a person retiring from a partnership carrying on business in B.C.? (Note: one or more sentences or phrases may apply). (a) Put an ad in the local newspaper advising all subscribers to the n ...continues

Separate Corporate Entity - Business Law

My question is this: Explain why, in terms of monitoring costs and valuation costs, a court may be more willing to disregard the separate corporate entity where there is only shareholder or there are very few shareholders?

Law Quiz

These are a chapter review, so the best response is all I need, as I can look them up in the chapter. Thank you. Law Quiz 1. Laws can be thought of as a set of ____________ that regulate our conduct. 2. The two basic categories of law are ___________law and ____________ law. 3. A crime occurs when someone brea ...continues

Employment and Labour Relations Law Quiz

Employment and Labour Relations Law Quiz - Employment and Labour Relations Law Employment Law Section: 1. An employer who wishes to lawfully terminate an employee: (a) Can only terminate an employee's employment if there is just cause to support the termination. (b) Can terminate without just cause if notice of ...continues