1. In the criminal justice system, John can temporarily put Jack in custody pending the arrival of the police. Jack was not detained for a period longer than five minutes and not for a civil wrong.
Thus, in this lawsuit for the tort of unlawful imprisonment, Jack will lose because he committed a crime. He cannot apply a civil law to a criminal case.
2. Adriana is correct that her personal assets cannot be reached in this lawsuit brought by the shareholders of DEF, Inc. because SLA Accountants, LLP is a limited liability partnership and not just an ordinary partnership.
A limited liability partnership, like a limited liability company, offers members limited liability. However, the shareholders of DEF, Inc. may decide to sue Adriana personally.
3. Andrew is wrong because the car handed over by Sam was not a completed inter-vivos gift. The transfer was not absolute but conditional upon Sam not returning from the Middle East.
As a conditional transfer of gift, the vesting of the ownership interest created by the transfer depends on the fulfillment of a condition.
Thus, since the transfer condition did not materialize, Andrew should return the car to Sam in good faith.
Learn more about inter vivos gifts and limited liability partnerships here brainly.com/question/14767795 and brainly.com/question/1166757
Answer:
Amount of inventory = $28,800
Explanation:
Given:
Current ratio = 2.65
Acid test ratio = 2.01
Current liabilities = $45,000
Prepaid expenses = $0
Find:
Amount of inventory
Computation:
Current ratio = Current assets / Current liabilities
2.65 = Current assets / 45,000
Current assets = $119,250
Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities
2.01 = [119,250 - Inventory - 0] / 45,000
90,450 =119,250 - Inventory
Amount of inventory = $28,800
It's all part of promotions
Answer:
Pharaoh will have to pay $1,084.47 for every outstanding bond that it retires.
Explanation:
if the market rate is 9.5%, then the price of outstanding bonds is:
PV of face value = $1,000 / (1 + 4.75%)¹⁴ = $522.21
PV of coupon payments = $55 x 10.22283 (PV annuity factor, 4.5%, 14 periods) = $562.26
market price = $1,084.47
Answer:
No, he should <u>not</u> pick up the $100 bill
Explanation:
If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.
First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.
So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.
