R5&R6 Flashcards
Liquidated damage
Lessor of $500 or 20% of the price
Agent’s termination 叫做
Renunciation
拋棄、放棄
CPA negligence has 4 elements:
Duty of care
Breach (lack of due care)
Causality
Injury
@4790
The status of limitation on Fraud
4-6 years
FUTA
Federal Unemployment Tax Act
Employers must participant when:
Quarterly payroll 達 $1,500
or
One employee 1day/week for 20 weeks/year
The rights of a surety / co-sureties
有4：
Exoneration 免除 （經法院判定)
payment 前的right
Subrogation 代位求償
付清債務之後，債權人的追索權轉移
Reimbursement 賠償
替債務人支付的金額，得到補償
Contribution 貢獻配額
只有co-sureties 才用得到
@82005 TBS
Chapter 7 bankruptcy
Individual is ________
Corporation or Partnership is ______
Discharged
Dissolve
@10997
FICA 15.3%, Subject to
Employer 與 Employee 各一半
Self-employment 自己出全部
Employee: Gross wage
SE: Net profits
UCC- Secured Transactions article,
Enforceable secured interest 三個必要條件
- Debtor 簽了 Agreement 給 Creditor
- Creditor 交換了價值
- Debtor 有權利決定
@7207
Sale of goods under ______ law
Services under _______ law
UCC-
Uniform Commercial Code Sales Article
Common law:
Contract 一定要標明價格
@2287
Corporation 是Shareholders have shares
LLC是？
Members have Interests
@2983
UCC title passed RISK OF LOSS
(不管TITLE)
Merchant & not merchant
有carrier & 沒有carrier
❎沒有carrier
不是Merchant
當seller’s tender of delivery
Merchant
當buyer 收到貨
✅有carrier
Merchant
FOB Shipment
or
FOB Destination
Workers’ compensation and unemployment compensation insurance are paid by
Employer
@2028
不能被 file involuntary bankruptcy 有二
Farmers & NFP
@8884
Bankruptcy
Chapter 7, 11, 13
7 Liquidation
11 Reorganization
13 Adjustment (3-5年清償)
收入太高 #7不行，dismissed or 到 #13
7 & 13 要有 trustee
7 & 11 自願或非自願破產
遞送破產後____天內，因離婚、繼承、保險理賠得到的金額，也要包含在 Bankruptcy estate
180
Trustee 可 set aside 的期間
- Fraudulent transfer
- Preferential payments
- 前2年
- 前90天，insider 前1 年
Bankruptcy distributions priority:
1. Secured claims
2. Priority claims
3. General creditors
其中 priority claims 順序有 9:
- 贍養費
- 破產程序費用
- Ordinary business after 破產
- 員工薪資（破產180天內; 上限$15,150）
- 員工福利 上限#4 剩餘的部分
- 農夫及漁夫（上限$7,475）
- Consumer deposit （上限$3,350）
- Tax claims
- Personal injury claims from intoxicated driving
Liquidated debt
/
Disputed debt
確定債務
/
爭議債務
以新的金額免除上述債務
只有 disputed debt 才有對價關係
因為 liquidated debt 是債務人既有責任
@1293
Statute of Fraud 要強制執行
requires written contract:
MYLEGS
Exception:
SWAP
Required-MYLEGS
Marriage
不能在 1 Year 內完成的
Land and real property
Executors - representativ
Goods 超過 $500
Surety
Exception-SWAP
Specially manufactured
Written confirmation between merchants
Admission in court
Performance
Statute of Fraud 要強制執行
requires written contract:
MYLEGS
Exception:
SWAP
Required-MYLEGS
Marriage
不能在 1 Year 內完成的
Land and real property
Executors - representativ
Goods 超過 $500
Surety
Exception-SWAP
Specially manufactured
Written confirmation between merchants
Performance
Cope of Article 9, Secured Transactions
Applies to ______ & _______
Exception 有3
Applies to
Personal property or fixtures
&
Outright sales of accounts receivable
Exception:
Land
Wages claim
Statutory liens (Mechanical’s liens)
Circular 230 solicitation guidelines禁止
False,
Fraudulent,
Coercive,
Misleading
Deceptive statement
收費價錢不用揭露於廣告
Article of incorporation 五大要素
Name of
Corporation
Registered agent
Incorporators
Stock
The amount
Which stocks have voting power
