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Business Law

Anything related to the legal aspect of business, including the suing of companies, laws that companies must follow, or the breaking of laws by businesses should be asked here.

4,271 Questions

Why don't people mind their own business?

The huge success of reality TV is a good indication of how many people are interested in what others are doing. A majority of the American people seem to drool over watching celebrities, and made for TV celebrities, misbehave and act grossly on camera. Social media has provided millions of people the ability to monitor what others are doing, and more importantly, to share what others are doing with the world, whether we want to know or not.

There is absolutely no public policy in this current age urging people to mind their own business. In fact, the game is to mind everyone else's business and be the first to broadcast it. There are seemingly no restrictions about broadcasting names, photos of others, private and privileged conversations, etc. If you want others to not mind your business you need to take precautions not to share your business in any way.

What are some careers that need a psychology background?

Most professions within the realm of counseling and therapy, such as marriage and relationship therapists, school counselors, or psychiatry, require an undergraduate or graduate degree in psychology.

How do general partnerships limited partnership and limited liability partnership differ?

All of the partners in a general partnership are fully liable for all debts and obligations of the partnership.

In a limited partnership, there is always one or more general partners and one or more limited partners. The general partner(s) in a limited partnership, like the partners in a general partnership, are fully liable for all debts and obligations of the partnership. The limited partners, on the other hand, are not liable for any debts or obligations of the partnership beyond the amount that they have contributed or committed to contribute to the partnership. In other words, limited partners can lose their entire investment in the partnership but a creditor of the partnership cannot go after the other assets of the limited partners.

A limited liability partnership (LLP) is created by state statute, as is the limited partnership, but compared to the limited partnership statutes, there is much more variation in LLPs from state to state. That makes any general description potentially wrong, based on the law of the specific state in which the LLP is operating. Generally, all or some of the partners in an LLP have some degree of limited liability protection. The partners usually have to be members of a licensed profession such as CPAs, attorneys or engineers.

What does cultural divergence?

With cultural convergence, cultures are coming together. With cultural divergence cultures are kept separate. Celebrating Cinco De Mayo in the United States is an example of cultural convergence. The Day of the Dead Celebration in Mexico is an example of cultural divergence.

What are the four paradigms of development?

The four paradigms of development in psychology are psychoanalytic, cognitive, behavioral, and humanistic. These paradigms offer different perspectives on how individuals develop and grow throughout their lives. Each paradigm emphasizes unique factors and processes that contribute to human development.

What is social loafing?

Social loafing is the tendency for individuals to exert less effort when working in a group compared to when working alone. This phenomenon occurs because individuals may feel less accountable for their contributions when working as part of a group, leading to decreased motivation and effort.

What percentage of funds taken in for a non profit charity goes to payroll and what percentage goes to the charity purpose?

On average, a well-run non-profit should allocate about 70-90% of its funds to the charitable purpose and about 10-30% to payroll and operational costs. It's important for donors to review the organization's financial statements to understand how their donations are being utilized.

What are the advantages of single proprietorship?

Some advantages of a single proprietorship are 1. The sole proprietor (owner) derives a certain amount of satisfaction, pride and independence from owning her/his own business

2. Owner makes special efforts to run her/his own business efficiently to prevent losses

3. Owners could make decisions easier and faster since they do not need to consult others

4. Owners are more concerned about developing good relationships with employees and securing good will with the customer (good customer service)

5. The business enjoys tax benefit as they are only taxed once, where as a corporation is taxed twice.

How did the need for workers contribute to cultural diversity in Maryland?

Africans were seized and brought over as slaves, increasing the African American population. English criminals and Scottish and Irish prisoners of war were also shipped to the colonies. They could earn their release by working for a period of time- often seven years.

What is the difference between Inc and Co Ltd?

"Inc" stands for "Incorporated" and is typically used in the United States to indicate a corporation. "Co Ltd" stands for "Company Limited" and is typically used in the United Kingdom and other Commonwealth countries to indicate a limited liability company. Both terms indicate that the business is a separate legal entity from its owners.

Meaning and scope of business laws?

Business laws encompass the legal rules and regulations that govern commercial activities and transactions within a business environment. This includes laws related to contracts, intellectual property, employment, taxes, and competition, among others. The scope of business laws is broad and aims to provide a framework for businesses to operate ethically, efficiently, and in compliance with legal requirements.

What are the penalties for violation of the Foreign Corrupt Practices Act?

Penalties for violation of the Foreign Corrupt Practices Act (FCPA) can include fines up to $2 million for companies and up to $250,000 for individuals, along with potential imprisonment for individuals. Additionally, companies may face civil penalties and be required to implement compliance measures as part of settlements with the Securities and Exchange Commission (SEC) and Department of Justice (DOJ).

What was the impetus to the Foreign Corrupt Practices Act of 1977?

The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands

What does the 1978 Foreign Corrupt Practices Act prohibit US companies from doing?

The 1977 FCPA prohibits the bribery of most officials of foreign governments if the purpose of the payment is to get the official to provide business opportunities. The act was then amended and permits payments to foreign officials if these payments are lawful within the particular foreign country. The amended act also doesn't prohibit payments to private foreign companies of third parties unless the U.S. firm is aware that these payments will be passed on to a foreign government in violation of the FCPA.

What are the advantages and disadvantages of federal system government?

The advantages of federal government:

  1. The laws are passed in one sovereignty.

The disadvantages:

  1. Too many rules will be passed making the people disappointed will be the cause of too much Propaganda!

What does it mean by consideration must move from promisee?

In contract law, consideration is the benefit received by each party in a contract. It must move from the promisee to the promisor, meaning that the promisee must provide something of value in exchange for the promise made by the promisor for the contract to be legally binding. This ensures that both parties are giving and receiving something in the agreement.

What grades should it get in high school in order to get into yale?

you need a high LSAT score if your going in for law. It's very similar to Harvard. it is one of the top schools in the world lets not forget

if you finish a good collage or university you should get noticed....

hope it helps!

What does non-discrimination mean?

Non-discrimination means treating all individuals fairly and equally without bias or prejudice based on characteristics such as race, gender, religion, or disability. It implies offering the same opportunities and access to resources to everyone, regardless of their background or differences.

What does very truly yours mean at the end of a letter?

"Very truly yours" is a letter ending statement emphasizing that the contents of the correspondence were composed with the utmost dignity and integrity. The use of the phrase "very truly" highlights the author's good faith attempt at providing you with truthful, accurate information. "Very truly yours" is often used by attorneys.

Can a proprietor designate himself as a CEO?

To the best of my knowledge, a proprieter cannot be a CEO because his/her business is not a corporation.

Once a business is incorporated, then they can become a CEO.

Yes, rightly said. I am surprised, how people can call themselves as CEO in a proprietorship & partnership firm. It is not a corporatation. It is only in the corporations, people can use any CXO/ Director/Managing director designation etc...

What mean Port of landing?

Perhaps you mean "port of entry"? This is a designated place in a country where customs duties and immigration papers are normally examined.

What is the meaning of The Decade of Change?

"The Decade of Change" typically refers to a period of ten years characterized by significant shifts or transformations in various aspects of society, culture, politics, or technology. It signifies a time of evolution or revolution in certain areas that have a lasting impact on the following years.

One disadvantage for a company that goes public?

One disadvantage for a company that goes public is increased regulatory requirements and compliance costs. Public companies are subject to more stringent reporting and disclosure requirements, which can be costly and time-consuming to maintain. Additionally, going public means the company's financial performance and strategic decisions become more visible and scrutinized by the public and investors.