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docker41 [41]
3 years ago
5

Adrian and Fran operate their computer tech support company "Best Techs," as an S corporation, file the appropriate incorporatio

n and registration paperwork with the Secretary of State's office, hold shareholders' meetings to elect a board of directors, hold board of directors' meetings to appoint corporate officers, and maintain all corporate documents and other formalities. Bruno, one of their customers, claims that Hemi, Best Techs' employee negligently installed anti-virus software on his business' computers, that all of his office computers were infected with a serious computer virus as a result, and that the damage cost him thousands of dollars to fix. If Bruno sues Best Techs and successfully proves negligence:
A. Adrian and Fran will have limited liability, meaning they might lose their investments in Best Techs but will not lose their personal assets.
B. Adrian and Fran will be personally liable for the debt, meaning they may have to pay the debt from their personal assets.
C. Either Adrian or Fran will have to be personally liable, since at least one of the partners must be a general partner.
D. Only the partners who actively participated in the management of the company on a day-to-day basis will be personally liable.
Business
1 answer:
Dmitry [639]3 years ago
3 0

Answer:

Option A. Adrian and Fran will have limited liability, meaning they might lose their investments in Best Techs but will not lose their personal assets.

Explanation:

The reason is that the organization which is a limited company is responsible for the employee's negligence and as a result the compensation for the negligence would be paid by the company then the Adrian and Fran's investment in that company is affected by the compensation that the company would pay, not their personal assets. The shareholders are not liable for the negligence of the employee but the company is. Hence the maximum loss to the shareholders  Adrian and Fran would be the investment in the company and assets other than this investment will have no impact of this compensation.

So the option A is the correct option.

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Price elasticity

Explanation:

Price elasticity  -

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As if the price of some commodity goes up , people tends to not buy the thing any more and tries to finds it cheaper alternative .

And , as the price reduces , people tries to buy the specific goods and service .

Hence , from the given scenario of the question ,

The correct answer is price elasticity .

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3 years ago
"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the
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Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

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3 years ago
Lin Wai's company, New Home Builders Corp., specializes in designing homes that have wide hallways and walk-in showers that coul
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Answer:

strengths

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A SWOT analysis includes strengths, weaknesses, opportunities and threats:

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Vertically integrated corporations: Group of answer choices led influential economist David A. Wells to call for a simpler form
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Answer:

The acquisition of businesses that gives the company control of supply chains is vertical integration.

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Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t
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Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

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The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

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