Because laches is a constitutionally protected right, a legislature may not prohibit its
application by statute.
a. True
b. False
b
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Simone transferred 100 percent of her stock in Purple Company to Plum Corporation in a Type A merger. In exchange, she received stock in Plum with a fair market value of $500,000 plus $500,000 in cash. Simone's tax basis in the Purple stock was $200,000. What amount of gain does Simone recognize in the exchange and what is her basis in the Plum stock she receives?
A. $800,000 gain recognized and a basis in Plum stock of $500,000. B. $800,000 gain recognized and a basis in Plum stock of $1,000,000. C. $500,000 gain recognized and a basis in Plum stock of $500,000. D. $500,000 gain recognized and a basis in Plum stock of $200,000.
Even large companies use infomercials for all the following reasons EXCEPT to ________
A) recruit members B) refer customers to retailers C) attract buyers to online, mobile, and social media sites D) introduce new advertising campaigns E) sell their products
A Peripheral Node in SNA can contain
a. only a Workstation b. only a Cluster Controller c. a Cluster Controller and one or more Workstations d. none of the above
In cases involving businesses, where the public enters the business as a part of doing business, the law presumes the property:
a. is surrounded by guards at all times b. is safe for public admission c. is owned by the person who runs the business d. owner owes the public no particular duty of care e. none of these