Answer:
(B) Cramer is liable for failure to obtain proper documentation showing that the workers were eligible to work in the US. Further corporate officers of Cramer can be held personally liable for failure to satisfy these requirements. Civil and criminal penalties may apply.
Answer:
Explanation:
A Commercial general liability (CGL) refers to a type of insurance policy which covers an individual working for the company from any injury or property damage that they may incur while on the business' premises. Therefore based on the information in this scenario it is likely that the company will not respond to the director's injuries sustained because they happened during an athletic event.
Answer:
fraudulent misrepresentation
Explanation:
Based on the scenario being described within the question it can be said that this case best represents an example of fraudulent misrepresentation. This term refers to a civil tort that has come out of contract law, in which a false statement has cased the individual to enter into a contract. Therefore misrepresenting the details of the contract in order to persuade the individual to agree to it.
The answer is an investment-grade bond. A bond is considered speculation review if its FICO assessment is BBB-or higher by Standard and Poor's or Baa3 or higher by Moody's. By and large, they are bonds that are judged by the rating organization as sufficiently likely to meet installment commitments that banks are permitted to put resources into them.
Answer:
a. The realized loss of Liza’s is $30000 (it is not recognized loss).
b.1 Alfred recognized gain is $8000 and realized gain is $38000.
b.2 Alfred recognizes loss of $20000.
Explanation:
a. Explanation
The sell of business property to his son at $100000 which has the market value $130000. Since Lisa incurring a loss of $30000 is considered as a realized loss. This loss can not be considered as the recognized loss because section 267 explains that sell or exchange of property between related parties is not considered as recognized.
b.1 Explanation
the recognized gain can be determined by subtracting the previously disallowed loss of $30000 from $38000 gain. However, the realized gain ($38000) can be determined by subtracting $100000 from $138000.
b.2 Explanation
The recognized loss of $20000 can be calculated by subtracting the $100000 from $ 80000.