Is the right of local employees to bargain impeded by having no legal right to strike? What substitutes do the laws provide?
Not the right, but the power, to bargain effectively may be impeded. The substitutes are interest arbitration, final offer selecting, and fact-finding.
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John sold a property to Sam on an installment sale for income tax purposes. The buyer assumed an existing loan which exceeded John's basis in the property. John thus had loan relief (excess mortgage over basis). The excess amount must be:
A: Deducted from the basis; B: Made a part of the sales price; C: Added to the basis; D: Made a part of the down payment whether cash was received or not.
Fred Knievel took out a substantial life insurance policy before he began his trek across North America in his Volvo. Doing so enabled him to:
A) Accept risk. B) Minimize risk. C) Transfer risk. D) Share risk.