Brant Ranger, Paula Potts and Matthew Lane are all tax lawyers and partners in Ranger Potts & Lane LLP. They practiced together and were successful for many years before the partnership ran into difficulties
Lane was retained by Phillip Schooner, a wealthy client. Lane acted negligently for Schooner in several income tax transactions which breached the Income Tax Act and caused millions of dollars in losses to Schooner. Schooner brought a legal action over this. Which of the followings statements is TRUE? Schooner can claim against
A) the firm's assets
B) none of the partners' personal assets
C) the firm's assets and the personal assets of Lane only
D) the firm's assets and all of the partners' personal assets
E) only the insurance provider for the firm
C
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Selection is:
A. a process through which the organization seeks applicants for potential employment. B. a process that helps an organization add employees, as well as transfer existing employees to new positions. C. a program that focuses on acquiring knowledge, skills, and behavior that improves employees' ability D. to meet challenges. E. a process of keeping track of how well employees are performing relative compared to goals for a particular position.
When texting for business purposes, proper spelling is not necessary
Indicate whether the statement is true or false