CHAPTER 4 Legal Liability Of CPAs Review Questions 4-1 There are several reasons why the potential legal liability of CPAs for professional "malpractice" exceeds that of physicians and other professionals. One reason is the vast number of people who may sustain damages. If a physician or attorney commits a serious error‚ the number of injured parties generally is limited to one individual patient or client. When a CPA’s report is in error‚ literally millions of investors
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(1884) Analysis: Positive Law: Under positive law the ruling would be that they were guilty of murder. This is the law that is black and white and‚ without any other circumstances being taken into account‚ the men would be found guilty. Legal Realism: If you take the circumstances surrounding the murder into account then the ruling would be one of not guilty. They needed to kill the boy in order to survive. Natural Law: This law is a set of principles that are held by an entire culture
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G.R. 166738 August 14‚ 2009 Rowena Padilla-Rumbaua‚ petitioner vs Edward Rumbaua- respondent Facts: The petitioner‚ petition to declare for the nullification of marriage against the respondent for the ground of psychological incapacitated to exercise essential obligations as shown by the following circumstances‚ the respondent was reneged on the promise to live in one roof after finding a job‚ failed to extend financial support to the petitioner‚ blaming the petitioner for the death of the
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Act of 1984. Retrieved Oct 18‚ 2011‚ from http://www2.potsdam.edu/hansondj/YouthIssues/1092767630.html N/A.(2008). You’ll be a man‚ my son. Economist Newspaper‚ 368‚ 64-65. Retrieved Oct 18‚ 2011‚ from Academic Search Premiere database. N/A.(2008). Legal Drinking Age. Retrieved Oct 18‚ 2011‚ from http://www2.potsdam.edu/hansondj/LegalDrinkingAge.html Baldauf‚ S.(2007‚ April 23).Setting the Bar at 18.U.S. News and World Report‚142‚28 Szalavitz‚ M.(2005).Underage Drinking. Retrieved Oct 18‚ 2011‚ from
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Topic: Legal Marijuana Specific Purpose: To persuade my audience how United States can benefit from marijuana if it can be legalized Thesis: The legalization of marijuana would help get the economy going again. Despite great efforts by the federal government against marijuana i. INTRODUCTION A. Is marijuana as bad as society makes it out to be? Since the 1930’s marijuana has been illegal in the United States. That being said it’s somehow America’s number one cash crop. Users of the drug
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NATURAL LAW AND LEGAL POSITIVISM This essay is going to discuss and analyse the differences between two basic principles- natural law and legal positivism. According to Hume‚ there are two realms of human enquiry ‚ one in the field of facts which is concerned with what ‘ is ‘ actually the case and the other in the field of ‘ought’ that is‚ what ought to be the case1. Those who believe in the principle of natural law are known as naturalists while those who believe in the principle of legal positivism
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Chapter 3 # Section 3.1 # Section 3.2 # Section 3.3 # INTRODUCTION This report covers the separation of legal personality and the lifting of the corporate veil from the cases of Salomon v A Salomon co ltd (1897)‚ Catherine lee v Lee’s Air farming ltd (1960). Salomon v Salomon was the first principle case of its kind and its principle was that a limited company is a separate legal entity‚ in catherine lee v lee this case was reaffirmed‚ and Gilford Motors v Horne was the first law case to ‘pierce
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Menefee v. Commonwealth‚ 189 Va. 900‚ 55 S.E. 2d 9 (1949). In this case‚ the petitioner wife was called to testify against the respondent husband during their legal separation. The Courts are clear that the marriage exists until final termination and is viewed as a marriage until such date. In Menefee‚ supra‚ the Virginia Supreme Court interpreted the term “communication” to include all information or knowledge
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There are three basic legal forms of business organizations: the sole proprietorship‚ the partnership‚ and the corporation. Each form of legal organizations has unique characteristics that are important to consider when starting a business. The legal form chosen will make significant differences for things such as ownership‚ sources of financing‚ personal and financial risk‚ taxes‚ workload‚ buying or selling a business‚ and liability issues. A sole proprietorship is a business owned by a single
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Legal Issues for Business Organizations – LIT1 Task 1 Legal Issues for Business Organizations – LIT1 Task 1 – Part A The way a business is organized is an important part of the business’s structure. “Different organizations provide different advantages and disadvantages in creation cost and simplicity‚ ongoing maintenance requirements‚ dissolution and continuity‚ fundraising‚ managerial control‚ public ownership‚ tax planning‚ and limited liability.” The nature of the business being conducted
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