Monetary relief Study guides, Revision notes & Summaries

QUESTION 1 1.1 Briefly explain to two prospective entrepreneurs, Thandeka and Mike, whether or not the requirements for the piercing of the corporate veil in terms of the Companies Act 71 of 2008 and the Close Corporations Act 69 of 1984 are identical. Refer to case law in your answer. (5) 1.2 Frank is an Information Technology (IT) specialist. He wishes to incorporate a company for his business. He does not want to offer any securities to the public. 1.2.1 Advise Frank on the type of company...

Two notions serve as the basis for all torts: - Answer- wrongs and compensation Torts - Answer- a civil wrong not arising from a breach of contract In a tort action one person or group brings a lawsuit against another person/group to - Answer- obtain compensation or other relief for the harm suffered The purpose of tort law is - Answer- to provide remedies for the violation of various protected interests Tort law provides remedies for acts that - Answer- cause physical injury or that...

MO State laws Insurance Questions 100% Solved(rated A) Which of the following is NOT a penalty for refusing to testify in a Department hearing? Being held in contempt Being required to appear before the Director Being assessed a civil penalty up to $5,000 per violation Being ordered to testify in circuit court -ANSWER Being assessed a civil penalty up to $5,000 per violation The circuit court may impose a civil penalty up to $50,000 for each violation. If disciplinary action agains...

Default of contract and types of damages (pg 137) correct answersLiquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by...

Default of contract and types of damages correct answer: -In the event of default by the buyer, the seller may have several options, which include: -Liquidated damages. The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. -Monetary damages. In addition to specific performance, the injured party may "seek such other relief as m...

ABCTE Elementary Education Exam 206 Questions with Verified Answers Magna Carta - CORRECT ANSWER (1215) a charter of liberties (freedoms) that King John "Lackland" of Englad was forced to sign; it made the king obey the same laws as the citizens of his kingdom 13th Ammendment - CORRECT ANSWER officially abolished slavery, prohibits involuntary servitude. Articles of Confederation - CORRECT ANSWER 1st Constitution of the U.S. (weaknesses-no executive, no judicial, no power to tax, n...

Anti-Kickback Statute (42 US SS 1320a-7b (b) prohibitions - Prohibits offering, paying, soliciting or reviving anything of value to induce or reward referrals or generate Federal health care program business Anti-Kickback Statute (42 US SS 1320a-7b (b) referrals - Referrals from anyone Anti-Kickback Statute (42 US SS 1320a-7b (b) - Any items or services Anti-Kickback Statute (42 US SS 1320a-7b (b) (Intent) - Intent MUST be proven (knowing and willful) Anti-Kickback Statute (42 US SS ...

• Substantive relief o Choice of law o Governing laws  National laws  Institutional rules o Limits to arbitrators’ remedial powers o Types of substantive relief  Monetary relief  Declaratory relief  Injunctive relief • Specific performance • Restitution • Rectification  Fill gaps/Adapt contract terms  Punitive/Exemplary damages • Interest o Arbitrators’ power to award interest o Simple vs Compound interest o Governing laws  Mandatory rules...

Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. Supreme Court Some courts recommend that p...

BLAW 3310 Final Exam (Miller) Questions and Answers administrative agency -Answer-a governmental bureau established by Congress (or the president) to execute certain functions of Congress. Agencies transact government business and may write and enforce regulations under the authority of Congress or the president. delegation of powers -Answer-the constitutional right of Congress to authorize government agencies to perform certain legal duties. enabling statute -Answer-legislative enactmen...