Law enforcement officers enjoy absolute immunity:

a. when testifying in court
b. during investigations
c. when conducting warrantless searches and arrests
d. all of the above
e. none of the above


a

Business

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The Fair Debt Collection Practices Act applies to:

a. all creditors attempting to collect debts b. merchants attempting to collect debts from their customers, but not to financial institutions c. debt collection agencies d. merchants attempting to collect debts from their customers, but not to financial institutions, and to debt collection agencies e. all creditors attempting to collect debts and merchants attempting to collect debts from their customers, but not to financial institutions, and to debt collection agencies

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Indicate whether the statement is true or false

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Lloyd purchased 100 shares of Gold Corporation common stock for $20 per share for a total basis of $2,000. Several years later, on May 1 of the current year, Lloyd sells all 100 shares for $500. On May 29 of the current year, Lloyd purchases 30 shares of Gold Corporation common stock for $180.

a. How much loss is Lloyd allowed to recognize? b. What is Lloyd's basis in the 30 new shares?

Business