Which of the following is true regarding whether the interest of a limited partner in a limited partnership is considered a security?
a. Such an interest is considered a security only if the limited partnership involves an investment in real estate.
b. Such an interest is not considered a security because a partnership, not an investment scheme, is involved.
c. Such an interest is rarely considered a security because limited partners, to protect their limited liability, are prohibited by law from taking part in the control of the partnership business.
d. Such an interest is almost always considered a security because limited partners, to protect their limited liability, are prohibited by law from taking part in the control of the partnership business.
d
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Answer the following statements true (T) or false (F)
1. Mindfulness leads to more effective and appropriate anxiety and uncertainty management. 2. Typically, individualistic cultures such as the United States are also low in uncertainty avoidance. 3. Masculine cultures manifest consensus seeking and a preference for quality of life over material success. 4. A long-term orientation centers on a desire for immediate gratification. 5. Non-accommodation includes over- and under-accommodation--that is too much or too little adjustment to make a successful interaction.
The Gomez Trust is required to distribute $80,000 annually split equally between its two income beneficiaries, Lara and Byron. If trust income is not sufficient to pay these amounts, the trustee can invade corpus to the extent necessary. During the current year, the trust reports DNI of $60,000. Byron receives an additional $30,000 discretionary corpus distribution. a.How much of the $40,000 distributed to Lara is included in her gross income? b.How much of the $70,000 distributed to Byron is included in his gross income? c.How much of these distributions are first-tier distributions or second-tier distributions?
What will be an ideal response?
Trein, Inc entered into a one-year, $1 million contract with Mia, a sports celebrity, to promote Trein's products. E-presto Inc, a competitor of Trein, was interested in having Mia promote its products but knew of her contract with Trein. E-presto offered Mia a three-year, $5 million contract. Mia left Trein and signed with E-presto. If Trein sues E-presto for tortious interference with a
contract, E-presto a. will be able to establish a justification since E-presto was acting to protect an existing economic interest. b. will be able to establish a justification because, in talking to Mia, E-presto was exercising its First Amendment freedom of speech. c. will be able to establish a justification because to decide otherwise would subject Mia to involuntary servitude. d. will not be able to establish a justification.
Which of the following is correct regarding a foreign corporation?
a. A foreign corporation is incorporated in a foreign country. b. Failure to obtain a certificate of authority to transact business in the state impairs the validity of a contract entered into by the corporation. c. A foreign corporation transacting business within a particular state without having first qualified cannot use the state court to maintain a lawsuit until the corporation obtains a certificate of authority. d. All of these are correct.