Why does the law allow-and even encourage-limits to the liability of a business organization's owners and managers
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
The law allows and encourages limits to the liability of a business organization...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Law Text and Cases
ISBN: 978-1337374491
14th edition
Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross
Question Posted:
Students also viewed these Business Law questions
-
The law of bailments requires that the bailee extend either slight care, reasonable care, or extraordinary caredepending on the circumstances. Why does the law allow such variations?
-
1. As is clear from the law applied in this case, and the result, the liability of a business for unpaid taxes "follows the assets." Why? 2. What action can Gadley take now to avoid suffering the...
-
Why does the law of diminishing marginal product imply the law of increasing costs?
-
It was reported that 23% of U.S. adult cellphone owners called a friend for advice about a purchase while in a store. If a sample of 15 U.S adult cellphone owners is selected, what is the probability...
-
Determine the moment of inertia of the composite area about the xaxis. 150 mm 150 mm -150 mm- -150 mm-
-
The flowchart in Figure was prepared by a CPA to portray the raw materials purchasing function of one of her clients, a medium- sized manufacturing company, from preparing initial documents through...
-
What are the factors you would have to use in calculating a cost-benefit ratio to support a decision to purchase a new HRIS when the organization already has an HRIS that was acquired 10 years ago?...
-
Robinson Tools has $50,000 of quick assets, $135,000 of total current assets, and $100,000 of total current liabilities prior to the following transactions. 1. Made sales on account of $10,000 2....
-
The Statement of Cash Flows for the current year contained the following: Cash received from customers Cash used for purchase of equipment Cash received for stock issuance Cash used for payments to...
-
Willow Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31, 2020, unadjusted trial balance: Required Prepare the required monthly...
-
A partnership should automatically end when one partner disassociates from the firm. Explain
-
Suppose that Green Cab had maintained a company Web site on which it posted its operating agreement, conducted all internal company business, and offered a forum where members could vent their...
-
On January 2, 2017, Criswell Acres purchased from Mifflinburg Farm Supply a new tractor that had a cash selling price of $109,837. As payment, Criswell gave Mifflinburg Farm Supply $25,000 in cash...
-
Could a ladder on a level floor lean against a wall in static equilibrium if there were no friction forces? Explain
-
In recent years, astronomers have found planets orbiting nearby stars that are quite different from planets in our solar system. Kepler-39b, has a diameter that is 1.2 times that of Jupiter, but a...
-
The direction of the net force on the craft is A. Away from the surface of the moon. B. In the direction of motion. C. Toward the center of the moon. D. Nonexistent, because the net force is zero.
-
An impala is an African antelope capable of a remarkable vertical leap. In one recorded leap, a \(45 \mathrm{~kg}\) impala went into a deep crouch, pushed straight up for \(0.21 \mathrm{~s}\), and...
-
The International Space Station is in a 250-mile-high orbit. What are the station's orbital period, in minutes, and speed?
-
The volume of cola in a can of regular Coke is 12.3 oz. Determine whether the given values are from a discrete or continuous data set.
-
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
-
As China and formerly Communist nations move toward free enterprise, they must develop a new set of business laws. If you could start from scratch, what kind of business law system would you adopt, a...
-
Tonoga, Ltd., doing business as Taconic Plastics, Ltd., is a manufacturer incorporated in Ireland with its principal place of business in New York. In 1997, Taconic entered into a contract with a...
-
DaimlerChrysler Corp. made and marketed motor vehicles. DaimlerChrysler assembled the 1993 and 1994 model years of its trucks at plants in Mexico. Assembly involved sheet metal components sent from...
-
Required Information [The following Information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago...
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
Correlle dishes are known for being mostly unbreakable in daily use. Kevin's 12-year-old son decided to test this "unbreakable" idea by throwing a plate hard onto the floor. It broke. what this is an...
Study smarter with the SolutionInn App