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mafiozo [28]
3 years ago
7

Which business organization has the MOST liability on the owner

Social Studies
1 answer:
rodikova [14]3 years ago
8 0
Unlimited liability-this is by far the greatest disadvantage to the proprietorship. Even though proprietors may invest only part of their capital in the business, they remain personally liable to the full extent of their assets for the liabilities of the business.
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Promissory estoppel

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If an oral contract has been declared unenforceable under the statute of frauds, yet one of the parties has rendered some performance under the contract that conferred benefits on the other party, he or she can recover the reasonable value of the performance in <u>promissory estoppel</u>.

The statute of fraud requires that contracts exceeding $500 in value, or involves the sale of landed property or extending a period of a year or more in length must be in writing and not oral. However, in a situation whereby a party has rendered some performance in the contract that confers benefits on the other party, the other party is obligated to also perform his/her part of the contract under the doctrine of promissory estoppel. The doctrine of promissory estoppel insist that an individual or party to a contract must perform his/her obligation or promise, even though there is not written proof of a contract as far as the other party has rendered some form of performance.

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How does the bill of rights ensure the basic rights and freedoms of americans?
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On July 4, 1776, thirteen British American colonies declared themselves independent from the British Empire. The most famous statement in the Declaration of Independence is that which asserted certain basic rights for every man:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

Just how does the U.S. Constitution, the nation’s highest law, enable each of us to enjoy those rights?

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Here are five parts of the Constitution that support and protect our individual rights and freedoms:

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<span>Freedom of speech, press, religion and petition.Right to keep and bear arms.Protection from quartering of soldiers.Protection from unreasonable search and seizure.Right to due process of the law.Right to trial by jury, speedy trial, public trial, counsel.Right to civil trial by jury.Prohibition of excessive bail and cruel and unusual punishment.Protection of rights not enumerated in the Constitution.Protection of the powers of the states and the people.</span>

<span>Amendment 14: Citizenship rights </span>– This amendment, ratified in 1868, gives the right to citizenship to anyone born in the U.S. It also gives citizens the right to equal protection of the national and state laws, the right to be free of any law that deprives a person of life, liberty or property without due process.

<span>Amendment 15: Voting rights </span>– This amendment, ratified in 1870, gave people the right to vote, regardless of race or color.

Amendment 19: Women’s voting rights – This amendment, ratified in 1920, gave all citizens the right to vote, regardless of sex.

Amendment 26: Voting age – This amendment, ratified in 1971, gave all citizens age 18 or older the right to vote.

Even 225 years later, our Constitution and its Amendments continue to protect our rights and freedoms as American citizens. Thanks to the foresight of our Founding Fathers, we have the great fortune of living in a country that upholds our civil liberties through democracy.

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