Question 1. Why should a definition of law emphasize enforcement?
Question 2. To what three factors do courts look for evidence of an implied partnership?
Question 3. What is meant by corporate "double taxation"? Explain several ways in which double taxation may be avoided.
Question 4. Which law, federal or state, governs bankruptcy proceedings? Under the Bankruptcy Code, what is the test for insolvency (the "bankruptcy test")?
Question 5. Should the living benefits be allowed? What guidance does utilitarianism provide?
Question 6. What should Prudential do and why?
Question 7. Name two fundamental rights set forth in the Fourteenth Amendment to the U.S. Constitution.
Question 8. Name at least four reasons why disputes are compromised.
Reference Books:
1. Business and its Environment by David P. Baron
2. Business Law by Robert W. Emerson