Reference no: EM13953164
Case Study 1 - Blanche, Rose and Dorothy formed a partnership, Retirement Living, to provide temporary housing for elderly people in the Miami area. One of the temporary residents set fire to the house, which resulted in the loss of the entire building and contents. One of the residents, Sophia, sued Retirement Living and obtained a judgment of $ 50,000 against it, but the partnership could not pay the judgment.
What are Sophia's options if the Retirement Living partnership cannot pay the $50,000?
Will Sophia win if she tries to collect the entire debt from Blanche?
What are Blanche's options if Sophia sues her for the entire debt?
Analyze the case studies, respond to each of the three questions, and support your responses with the applicable law and/or text materials.
Case Study 2 - The Conners family operates a small transportation service for the elderly to take them to doctor's appointments, grocery shopping and other errands. The three (3) adult members of the Conners family, Dan, Roseanne and Jackie, would like to become a corporation and obtain limited liability; however, taxation at the corporate level would be very costly for them. If possible, Roseanne would rather be taxed as a partnership. Dan is worried about the additional paperwork and meetings that incorporation would surely bring. Jackie does not want a large board of directors to be formed. Jackie fears that the board would somehow detract from the family goals and orientation the business has always enjoyed. In light of these concerns, is there a corporate form or other type of business organization that would better suit the Conners family? Explain the options, select the best option for the Conners and justify your selection with the applicable law and/or text materials.
|
Components of the criminal justice system
: Create a 8- to 10-slide Microsoft PowerPoint presentation, including speaker notes, in which you explain the following: The components of the criminal justice system. The relationship between criminal justice and the structure of government
|
|
Purposes of preparing a statement of cash flows
: According to GAAP, how should the investment in U.S. Treasury notes be classified for purposes of preparing a statement of cash flows for the year ended December 31, 2014? Explain your answer.
|
|
What civil due process or constitutional rights are violated
: Many sex offenders are required to register as a sex offender for life even after they have spent their required time in prison. From a due process perspective, describe what civil/due process/constitutional rights are violated
|
|
Calculate the emv with the decision tree
: How much would the company be willing to pay for perfect information on all three sites (together)? Note that after finding out the true nature of each site, the company can still choose no more than one site.
|
|
What are blanche options if sophia sues her for entire debt
: What are Sophia's options if the Retirement Living partnership cannot pay the $50,000? Will Sophia win if she tries to collect the entire debt from Blanche? What are Blanche's options if Sophia sues her for the entire debt
|
|
Find the area of the shaded region
: ABCD is a square and two quadrants have been drawn with A and B as centres and AB as the radius - Find the area (in sq. cm) of the shaded region
|
|
How does the ninth circuit describe the misappropriation
: What did the Ninth Circuit describe as a "classical" insider trading case and why was the Talbot case not a classical insider trading case? How does the Ninth Circuit describe the "misappropriation" insider trading theory and what is required to es..
|
|
Jamie Lynn is the RM
: Jamie Lynn is the RM at a 250-room full-service hotel property. Her comp set includes?ve full- and limited-service properties
|
|
What are three essential security policies
: What are three essential security policies for a traditional state university? Explain. How do these policies differ from the policies needed at a corporate office
|