Which of the following is true regarding the statement by the agency that assuming an appeal to court is available, agency action is always upheld?
The agency representative is incorrect
because while agency actions are usually upheld, they may be struck down if the agency, for example, exceeded its power.
Which of the following is true regarding the statement of the agency that Monique had no right to appeal to court quizlet?
Which of the following is true regarding the statement of the agency that Monique had no right to appeal to court?
The agency representative was wrong
; and if Monique cannot resolve the issue within the agency, she may appeal to court for judicial review.
Which of the following is true regarding the statement of the agency that Monique had no right to appeal to court?
Which of the following is true regarding the statement by the agency that assuming an appeal to court is available, agency action is always upheld?
The agency representative is incorrect
because while agency actions are usually upheld, they may be struck down if the agency, for example, exceeded its power.
Which of the following is true regarding corporations other than S corporations?
Which of the following is true regarding corporations other than S corporations?
A corporation may not be sued
. The corporation must pay taxes on profits, and shareholders must pay taxes on dividends they receive from the corporation. Shareholders may typically be held liable for debts of the corporation.
Which is true for a Limited Liability Partnership LLP )?
A limited liability partnership (LLP) is a
type of partnership where all partners have limited liability
. All partners can also partake in management activities. This is unlike a limited partnership, where at least one general partner must have unlimited liability and limited partners cannot be part of management.
What factors influence the Supreme Court’s decision making practices?
in a case, discussed earlier in this chapter, also play a role in its decision-making, including law clerks, the solicitor general, interest groups, and the mass media. But
additional legal, personal, ideological, and political influences
weigh on the Supreme Court and its decision-making process.
When a court gives Chevron deference to an agency it means the court has to quizlet?
In the Chevron case, the United States Supreme Court stated that this deference is also appropriate when an agency interprets its own and authority. Under the Chevron standard, courts should defer to
an agency’s interpretation of law and of fact
. You just studied 54 terms!
Which of the following establishes how a franchise agreement will be terminated?
Which of the following establishes how a franchise agreement will be terminated?
The franchise agreement
establishes how the franchise will be terminated.
Is a business owned by two or more partners?
A business owned by two or more persons associated as partners is
a partnership
. A business organized as a separate legal entity owned by stockholders is a corporation.
What usually happens to decisions of administrative law judges quizlet?
What usually happens to decisions of administrative law judges that are appealed to the federal court system?
The decisions are usually upheld
.
What happens when a court pierces the corporate veil?
After a court pierces the corporate veil,
one or more of the company’s owners or shareholders loses their liability protection
. Once the veil is gone, creditors may sue and collect debts from the owners and shareholders.
What are the three types of business partnerships?
There are three relatively common partnership types:
general partnership (GP), limited partnership (LP) and limited liability partnership (LLP)
. A fourth, the limited liability limited partnership (LLLP), is not recognized in all states.
Which of the following is a way that a corporation can avoid double taxation?
Retained Earnings: One way to avoid double taxation is
simply to retain corporate earnings
. By retaining the income rather than distributing it to shareholders as dividends, the second layer of taxation can be avoided.
Are members of an LLP personally liable?
Members’
personal liability
to the LLP
Under the LLP legislation, where an LLP member is liable to any person (other than another member of the LLP) for any wrongful act or omission of his in the course of the LLP’s business or with its authority, the LLP is liable to the same extent as the member.
Can you sue a limited partnership?
A limited partnership is considered to be a separate legal entity, and as
such can sue, be sued, and own property
. … Profits are reported on the partners’ personal tax returns (pass through taxation) Asset protection; when a limited partner is sued, the assets inside of the LP are protected from seizure.
What are 3 advantages of forming a partnership?
- Bridging the Gap in Expertise and Knowledge. …
- More Cash. …
- Cost Savings. …
- More Business Opportunities. …
- Better Work/Life Balance. …
- Moral Support. …
- New Perspective. …
- Potential Tax Benefits.
