Reference no: EM131135160
1. CC’s Day Spa, LLC, is a member-managed limited liability company. So long as it is in accordance with state law, and unless the members previously agreed otherwise, voting rights will be apportioned according to:
a) Participation in management.
b) Capital contributions.
c) The number of members.
d) Each individual transaction of the LLC, and will vary with each transaction.
2. Jim and Kiley are architects and members of JK, PC, a professional corporation. Jim and Kiley supervise Luc, an employee of JK. As a member of JK, Jim and Kiley
a) Are personally liable for any/all tort(s) committed by Kiley.
b) May be personally liable for malpractice committed by Luc working within the scope of his job at JK.
c) Has limited liability for any of Kiley’s acts of malpractice.
d) Has no liability for any torts committed by Luc.
About the enforceable contract
: X and Y agreed that X would sell Y his small business, including the land on which the business was situated, for $500,000. Both X and Y knew at the time the contract was formed that the business was actually worth $800,000. Is this a valid, enforcea..
|
Recover damages from kim under ordinary negligence
: Kim carelessly parked her car on a steep hill, leaving the car in neutral and failing to engage the parking brake. The car rolled down the hill and knocked down an electric line. The sparks from the broken line ignited a grass fire that spread to a b..
|
Contract to purchase alcoholic beverages from liquormart
: Ralph, a 16-year old minor, is manager for the high school football team. Ralph signed a contract to purchase alcoholic beverages from Liquormart, Inc. for the team party. This contract is: Which of the following activities may involve the use of a c..
|
Advantage of limited liability companies over corporations
: Distinguish which of the following is an advantage of limited liability companies (LLCs) over corporations.
|
Member-managed limited liability company
: CC’s Day Spa, LLC, is a member-managed limited liability company. So long as it is in accordance with state law, and unless the members previously agreed otherwise, voting rights will be apportioned according to: Jim and Kiley are architects and memb..
|
Determine the appropriate strategy and ways of implementing
: Answer the given quetion below. 1. Identify a company of your choice and conduct different types of market research on their product. 2. Determine the appropriate strategy and ways of implementing the products and services that satisfy the needs/want..
|
Explain the principle involved in establishing a site layout
: Explain the basic principles involved in establishing a site layout for a spill or release response. In your response, include the requirements for air and personnel monitoring
|
Is the term structure upward sloping or downward sloping
: Term structure information can also be found in other places on the web. Is the term structure upward sloping, downward sloping, or flat? Why do you think this would be?
|
How will the changes improve worker safety
: How will these changes improve worker safety? Your response must be at least 200 words in length. You are required to use at least your textbook as source material for your response.
|