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[Shaky Bicycles] Lena is an incorporator who filed the artic…

[Shaky Bicycles] Lena is an incorporator who filed the articles of incorporation for XYZ Corporation, a corporation set up to sell bicycles. Lena incorrectly put the wrong street address in the document. Preetha, a manufacturer of bicycle parts, had sold a number of parts to XYZ Corporation. Unfortunately, the corporation was not making any profit, and Preetha was not paid in a timely manner. She checked the status of the corporation and discovered Lena’s error. Preetha then claimed that the shareholders of XYZ Corporation were personally liable to her. Amy, another creditor of XYZ Corporation, also claimed that a shareholder, Rick, was personally liable to her. Amy alleged that Rick committed fraud against her when he told her that XYZ Corporation was making large amounts of money, that if she would only loan $50,000 to the corporation he would marry her, and that the corporation would make so much money that she would be wealthy in six months. She loaned the funds, but the corporation has been unable to pay her. Rick told her that he is sorry, but that her only avenue of recovery is through the corporation. Preetha’s attempt to hold the shareholders primarily liable for her debt is likely to have what result?

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[Shaky Bicycles] Lena is an incorporator who filed the artic…

[Shaky Bicycles] Lena is an incorporator who filed the articles of incorporation for XYZ Corporation, a corporation set up to sell bicycles. Lena incorrectly put the wrong street address in the document. Preetha, a manufacturer of bicycle parts, had sold a number of parts to XYZ Corporation. Unfortunately, the corporation was not making any profit, and Preetha was not paid in a timely manner. She checked the status of the corporation and discovered Lena’s error. Preetha then claimed that the shareholders of XYZ Corporation were personally liable to her. Amy, another creditor of XYZ Corporation, also claimed that a shareholder, Rick, was personally liable to her. Amy alleged that Rick committed fraud against her when he told her that XYZ Corporation was making large amounts of money, that if she would only loan $50,000 to the corporation he would marry her, and that the corporation would make so much money that she would be wealthy in six months. She loaned the funds, but the corporation has been unable to pay her. Rick told her that he is sorry, but that her only avenue of recovery is through the corporation. Regarding the status of XYZ Corporation as a corporation, what would a court likely rule?

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If you wish to make a cut through the human body that gave y…

If you wish to make a cut through the human body that gave you a right and left side that were equal, your slice would be in which of the following planes?

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If Paula (an individual) requests an extension to file her i…

If Paula (an individual) requests an extension to file her individual tax return, the latest she could file her return without a failure-to-file penalty is:

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Which discovery caused the modification of the “one gene–one…

Which discovery caused the modification of the “one gene–one protein” hypothesis to the “one gene–one polypeptide” hypothesis?

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Jason’s employer pays year-end bonuses each year on December…

Jason’s employer pays year-end bonuses each year on December 31. Jason, a cash basis taxpayer, would prefer to not pay tax on his bonus this year (and actually would prefer his daughter to pay tax on the bonus). So, he leaves town on December 31, 2019 and has his daughter, Julie, pick up his check on January 2, 2020. Who reports the income and when?

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If you wish to make a cut through the human body that gave y…

If you wish to make a cut through the human body that gave you a right and left side that were equal, your slice would be in which of the following planes?

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Femoral, popliteal and tarsal all refer to areas found on th…

Femoral, popliteal and tarsal all refer to areas found on the:

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On the image of DNA below, which label corresponds to a phos…

On the image of DNA below, which label corresponds to a phosphate group?

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The anatomical term meaning toward the midline, on the inner…

The anatomical term meaning toward the midline, on the inner side of the body:

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