Answer:
<h3>A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. </h3>
hope it help :)
Answer:
duress
Explanation:
A contract may not be enforced it any of the parties does not give genuine or real assent, i.e. they freely agree with the contract terms.
Duress happens when one of the parties threatens to do something bad or wrong to the other party in order to force them to enter a contract. Contracts agreed under duress can be invalidated.
Answer: The court would likely approve Elliot's request in the following situation: <u><em>The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.</em></u>
Under the given scenario i.e. for a breach of contract , the condition will apply if the corporation i.e. Acme Inc. was under-capitalized from the start, and they never had predominating assets to work as a viable organization.
<u><em>Therefore the correct option is (a)</em></u>
Answer:
a-1. Strictly considering tax factors, should Nitai work or repair his car if the $420 he must pay to have his car fixed is not deductible?
a-2. Given the answer in a-1 above, by how much is Nitai better or worse off?
- If Natia works during the weekend, he will have $42 more than if he repairs his car.
Explanation:
additional revenue generated by working on weekend = $525 x (1 - 12%) = $462
cost of repairing the car at Autofix = $420
net benefit of working during the weekend = additional revenue - cost of repairing the car at Autofix = $462 - $420 = $42
