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Business Exam

Business Exam 997
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1. Joshua runs a cattle breeding business and owes the LeBron Ranch $1,000. Joshua agrees to pay the LeBron a percentage of his profits each month until the debt is paid. This agreement is 2. Cortina Corporation handles investment accounts for small to medium size employers. In most circumstances the law would prohibit Cortina from subjecting its employees to 3. For the Age Discrimination to apply 4. Ralph is a director of Happy Days, Inc. Without telling Richard, Ralph goes into business with Sad Days, Inc., in competition with Richard. Ralph is liable for 5. Ravenous Corporation wants to gain control of Meek Company. The companies negotiate for several months, without coming to terms. Ravenous decides to pursue a takeover attempt. Meek decides to resist. Meek issues its stockholders additional shares at a low price so as to make Ravenous’s takeover attempt prohibitively expensive. This is a 6. Apple Corporation’s employment handbook states that employees will be dismissed only for good cause. Jill, an employee, is dismissed because her supervisor didn’t like her dress. If Jill sues Apple, a court could hold that 8. Cheap Things, Inc. employs 550 workers in six states. Cheap Things, Inc. cannot discriminate in the hiring of employees for reasons of 9. Lisa works at Build-A-Bear at Mayfair mall. She is the store manager and earns $35,000 a year. The maximum number of hours that Lisa can work per week without overtime pay is 10. Cortina Asset Management wants to expand into London but they don’t have the capital. The bank asks that one of their clients, Mr. X, guarantee the loan for expansion. Mr. X executes a guaranty of Cortina’s loan. Mr. X is liable: 11. Which of the following factors will the court consider when determining whether to pierce the corporate veil 12. Ron, an employee of Standard Company, is injured. For Ron to receive workers compensation, the injury must be 13. Mega Corporation provides health insurance for its employees. When Mega closes one of its offices and terminates the employees, COBRA allows the employees

1. Joshua runs a cattle breeding business and owes the LeBron Ranch $1,000. Joshua agrees to pay the LeBron a percentage of his profits each month until the debt is paid. This agreement is 2. Cortina Corporation handles investment accounts for small
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