Mark gives Matthew a check for $200 for his birthday. Matthew sells the check to

Question

Mark gives Matthew a check for $200 for his birthday. Matthew sells the check to Margaret for $190. Assuming everyone acted in good fait and there were no defects or defenses on the check, who gets holder in due course status Margaret only Mark only Margaret and Mark Neither Margaret nor Mark Question 30 Kendrick walks into your office one day., He needs your legal advice and help in structuring and maintaining a business venture. He wants to a vodka filled swimming pool. He is willing to be out of pocket $2 million but not any more than that. HE HATES paying open a bar featuring taxes, especially double taxation. He wants to retain control and eventually open other bars in different states and seek capital from equity investors. You advise him to proceed as: An S Corporation A Limited Li

Explanation / Answer

2) He would go for a limited liability partnership since he want some xtra money to be contributed towards expanding his business and at the same time wanted to avoid tax liability as much as possible. it has features of both partnership and corporations. By pooling resources, the partners lower the costs of doing business while increasing the LLP’s capacity for growth. he liability is limited in the sense that you will lose assets in the partnership, but not those outside of it (your personal assets).

3) No bob do not have claim to john’s land as john has hired tom specially for taking care of his land and tom knew about bob’s use of land.

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.