Jose Is a Stockholder in a Software Consulting Firm

question 118

Multiple Choice

Jose is a stockholder in a software consulting firm.He gets a share of the earnings of the firm,on which he has to pay taxes.Moreover,the firm pays taxes on its earnings.As an individual,Jose is not legally liable to pay off the debts that might be incurred by the firm.In this scenario,the software consulting firm can be regarded as a _____.

• A)sole proprietorship
• B)partnership
• C)corporation
• D)franchise

Appreciate the importance of maximizing the well-being of the worst-off in a society as a measure of justice.

Gain insights into historical contributions to the theories of justice and their application in contemporary society.

Understand the legal liabilities of parents and guardians in contracts.

Comprehend the principles regarding the enforceability of contracts involving infants and their protections under contract law.

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Definitions:

Miranda Rights

Miranda Rights are a set of constitutional rights read to a suspect in police custody, ensuring they are aware of their rights to silence and legal counsel.

Constitutional Rights

Rights protected under the federal constitution that guarantee individual freedoms and legal protections.

Court Of Law

A court in which the only remedies were things of value, such as money. Historically, in England, courts of law were different from courts of equity.

Criminal Proceedings

Judicial processes in which crimes are prosecuted, involving stages such as arrest, charge, trial, and possibly sentencing or appeal.