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Difference between negligence and gross negligence

What is the difference between negligence and gross negligence? Include an example of case law that helps identify this difference (For example, Milne v. USA Cycling Inc.) But, please do not use Milne v. USA Cycling Inc.) Be sure to: 1) identify the legal source of the issue, 2) properly cite any sources, and 3) use APA form

Valid Inter Vivos Gift

Unfortunately, your grandmother is terminally ill and confined to bed rest. On one of your visits to her, she states to you, "I want you to have your grandfather's watch when I pass away; it is what he would have wanted." A week later she passes away, the watch is found in her desk and you discover that she made the same promise

CPA's and Audit Reports

Examine the effects of the Sarbanes-Oxley Act on the CPA profession, including both positive and negative effects. Examine the role of the American Institute of Certified Public Accountants, including its influence and limitations. Analyze the 10 generally accepted auditing standards. Illustrate the use of two stan

Binding Arbitration For Homebuyers

Thomas Becker and others who brought new home from Osborne Development Corporation sued for multiple defects in the houses. When Osborne sold homes, it paid for them to be in a new home warranty program administered by home buyers warranty. When the company enrolled a home with home buyers warranty, it paid a fee, filled out a f

AC499 Unit 7 Project Taxation Individual

AC499 Unit 7 Project Taxation Individual 1. For each of the following cases, indicate the filing status for the taxpayers) for 2010 using the following legend: A - Single B - Married, filing a joint C - Married, filing separate returns D - Head of household E - Qualifying widow(er) a. Linda is single and she supports her mot

Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property. Where do you stand on this issue? Why?

Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property. Where do you stand on this issue? Why?

Benford's Law

The IRS uses an analytical tool called Benford's Law. What is it?

What business entities are available for a new business? What are the tax and nontax advantages of each form? Select two business types and provide an example of when that selection is most appropriate from a tax perspective and from a nontax perspective. Once a business has elected its tax status using check-the-box regulations, what options are available if it needs to change its tax status? What should a business consider before electing to change its tax status?

What business entities are available for a new business? What are the tax and nontax advantages of each form? Select two business types and provide an example of when that selection is most appropriate from a tax perspective and from a nontax perspective. Once a business has elected its tax status using check-the-box regulati

The Correct Amount of Operating Income/Loss

1. Foxworthy, Inc. is a manufacturer with a calendar accounting year. A physical inventory is taken on January 1, and any items not in inventory are charged to cost of goods sold. The current year is 2010 and all transaction occur in 2010 unless otherwise specified. a. In late September, Foxworthy signed a $3,500,000 contrac

Employment and Labor Law.

As the human resources manager, it is your responsibility to keep all human resources employees informed about current employment law. You want to empower employees with resources that they can use independently to research employment law issues and policies. Using Excel, create a table that will be placed on the company's Intra

Debate about the Judicial branch

Judicial branch Why your branch has the most power. Where the source of the power is derived from. Provide current event examples of the power of the appropriate branch.

Primary and secondary sources of tax law; substantial authority, courts

What are the primary sources of tax laws, what do each mean and represent? What are the secondary sources of tax laws, what do they mean and represent? What is substantial authority, what are the pros and cons? What is the role of the courts and the Internal Revenue Service in interpreting and applying the sources of ta

The role of Sarbanes-Oxley Act of 2002

What role does the Sarbanes-Oxley Act of 2002 play in financial reporting? Are there possible shortcomings to relying solely on financial statement analysis to value companies?

Basis for civil tort actions

Discuss the basis for civil tort actions. Explain the allegations of the client. Explain any civil tort actions associated with the client's dealings. Explain if the senior partner whose photo was used can personally bring any type of tort action against the client on his own behalf. Research and discuss relevant case law th

Legal factors of corporate management and ownership

As company ombudsman, your task is to investigate complaints of wrongdoing on the part of corporate directors and officers, decide whether there is a violation of the law, and deal with the wrongdoers accordingly. Jane, a shareholder of Goodly Corporation, alleges that its directors decided to invest heavily in the firm's growth