In Erie Railroad Co v. Tompkins, where Tompkins sued a New York company that owned a train that hit him in Pennsylvania, the Supreme Court held that:
a. federal common law did not exist in diversity-of-citizenship cases
b. federal courts would apply federal common law in diversity-of-citizenship cases c. federal common law would be used when there was no diversity of citizenship d. federal common law takes precedence over state common law in all instances e. federal judges may order a case out of state court to "protect judicial integrity"
a
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In Fiedler's contingency leadership model, the amount of influence a leader has in his or her immediate work environment is called his or her
A. coercive power. B. leadership style. C. readiness. D. situational control. E. task structure.
An advance pricing agreement can eliminate the possibility of double taxation on multinational exchanges of goods
Indicate whether the statement is true or false
Which of the following expenditures is NOT likely to be allowed as a current deduction for a landscaping and nursery business?
A. Cost of uniforms for employees B. Cost of fertilizer C. Cost of a greenhouse D. Accounting fees E. A cash settlement for trade name infringement
Andrew Durham was injured in a job-related accident that resulted in a workers' compensation settlement agreement with the employer's insurance carrier, Traveler's Indemnity Company. The settlement agreement required Traveler's to pay Durham $2500 per
month for the rest of his life. To finance its obligation, Traveler's purchased an annuity in its name. The settlement agreement required Traveler's approval or written consent prior to an assignment of the annuity payments. Durham later decided to open a business and went to a credit union for a $214,000 loan. The credit union loaned the money, taking a security interest in Durham's monthly annuity payments. Traveler's consent was never secured. Discuss the conditions in which a right may not be assigned and assess if this was this a valid assignment.