Identify Which of the Following Statements Is False

question 95

Multiple Choice

Identify which of the following statements is false.

• A)Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports.
• B)The citation Cristofani, 97 T.C. 74 (1991)indicates that the decision is a regular decision of the Tax Court.
• C)The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991.
• D)The Board of Tax Appeals preceded the Tax Court.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has reasonably relied on that promise to their detriment.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.

Lifetime Employment

Lifetime employment is a concept where an employee works for a single employer for the majority of their career, often found in some cultures.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable, such as contracts for the sale of real estate or agreements not to be performed within a year.