In many states rental deposits are to be kept in a bank account separate from the landlord's general funds
Indicate whether this statement is true or false.
Answer: TRUE
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List the four levels that companies are typically distributed on.
What will be an ideal response?
Elvin fraudulently induces Franz, a consumer, to sign a promissory note to buy a speedboat. Elvin sells the note to Gaston, who takes it for value, in good faith, and without knowledge of the fraud. With respect to the defense against payment on the note to Elvin, Franz can A) assert this defense against Gaston
B) file for a property exemption. C) exercise the right of subrogation. D) obtain a deficiency judgment.
The Internal Revenue Service’s “Check the Box” regulations make it possible for
A. individuals to choose what type of entity they would like to form. B. limited liability companies to be taxed as partnerships, unless the members check the box on a form to elect to be taxed as a corporation. C. corporations to elect partnership taxation. D. members of limited liability companies to choose which state laws they would like the company to be taxed under.
Fit and Fab Company is a boutique in the United States that offers custom-made designer wears to its customers. It used to source expensive material from the U.S. market. However, this resulted in huge losses for the company. The owners want to turn around the declining business. They control the cash outflow by sourcing the material from Asian countries that offer quality material and fabrics at half the price. Identify the technique used by Fit and Fab Company to reverse its decline.
A. Retrenchment B. Repositioning C. Selection D. Stabilization