Corpo 4th batch of cases (1) WESTERN INSTITUTE OF TECHNOLOGY, INC. vs. SALAS Facts: Private respondents, majority and controlling members of the Board of Trustees of Western Institute of Technology, Inc. were acquitted of the crimes of estafa and falsification of public document. The falsification charge was anchored on private respondents submission of the school's income statement for fiscal year 1985-1986 with the Securities and Exchange Commission reflecting therein the disbursement of corporate
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J.E.B. v. Alabama Background and Facts Mother is seeking child support from a man who claims not to be the father of her child. The State of Alabama filed suit on behalf of the Mother. At petitioner’s paternity and child support trial, respondent State removed male jurors by using 9 out of 10 of its peremptory challenges. The trial court empanelled an all-female jury and found petitioner to be the father of the child in question and ordered him to pay child support. The Alabama Court of Civil
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Business Advice !1 Business Advice Business Advice Mr. Owner, you are off to an excellent start. It is pivotal for business owners to compare options to discover which business structure would be most suitable for their needs. Because you are undecided how to finance and whether you will have partners, I compiled a list of the advantages and disadvantages of each business structure for your review. Sole Proprietorship If you decide that you want full control of the business, a sole proprietorship
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person may have the knowledge to run the business, but they need someone else with the finances. In some instances, they may start off as a sole proprietorship, but they change to a partnership in order to expand their company. “A corporation is a legal entity created under state law in the United States with an unending life and limited financial liability to its owners” (Melicher, & Norton, 2014). Corporations have shareholders. There are advantages and disadvantages to each form of business
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The personal liability of third parties for having received or dealt with trust rights or their traceable substitutes which they received in breach of trust is known as recipient liability. Knowing receipt arises where the recipient has some degree of knowledge that the property was received in breach of the trust or following receipt acquired some degree of knowledge that the rights were trust rights and dealth with them as his/her own instead of returning them to the trust. In Re Montagu’s Settlement
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in a limited partnership. Similar to a general partnership, the general partners are liable for the debts and obligations of the partnership, but the limited partners are liable only up to the amount of their investment. A corporation is a separate legal entity organized under the authority of a state. Corporations are organized as either C corporations or subchapter S corporations. A limited liability company (LLC) is defined as a business organization that has grown rapidly throughout the United
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Employment Law and Discrimination Paper Robert Truitt LAW/531 April 11, 2016 Richard Pacheco Employee Law and Discrimination Paper Discrimination happens in the workplace daily. All employees must report discrimination issues ASAP. This essay will analysis a scenario with an application of the elements of this cause of action and then move to the available defenses to the employee and employer while analyzing the potential civil liability of each possible party-defendant.
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Assignment #3: iPremier BADM 350 1. How well did the iPremier Company perform during the seventy-five-minute attack? If you were Bob Turley, what might you have done differently during the attack? Normally, a company would follow emergency procedures while dealing with crises, but in iPremier’s case, there was no emergency procedure available. Under these circumstances, and with no prior experience with security breaches, I believe the company performed well. Bob Turley communicated well with
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Salomon v Salomon& Co Ltd , the fundamental attribute of separate legal entity is that the company is regarded as a legal person distinct from any and all of the individuals involved in the company by incorporation of a projected or existing enterprise. Under s15(1) of the Companies Act 2006, companies which are registered become incorporated and separate legal persons on registration. As a consequence of the existence of a distinct legal entity, a company has the capacity to be a party to a contract
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Pacer Ltd transferred equipment to Thelma Ltd in exchange for the receipt of $1M cash and a 25% equity ownership stake in Thelma Ltd. Pacer Ltd’s book basis in the transferred equipment was $6M, and the equipment was recently appraised for $6.5M. The fair value of the investment in Thelma Ltd is $5.5M, and the fair value is reliably determined. The investment gives Pacer Ltd significant influence over Theta, but is not a controlling financial interest in Thelma Ltd. Thelma Ltd is in the business
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