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Author Question: Garnishments: A) are attachments of funds for executing a judgment. B) are not regulated by federal ... (Read 55 times)

bio_gurl

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on: Jun 24, 2018
Garnishments:
 A) are attachments of funds for executing a judgment.
 B) are not regulated by federal laws.
 C) can take up to 75 percent of the debtor's wages.
 D) All of the above

Question 2

Allied Van Lines has structured its company by giving its franchisees stock ownership in the company. On the stock is the following language: NOTE: Restrictions apply to ownership of this stock. Only franchisees and employees of Allied Van Lines can own this stock. In the event of a franchise or employment termination, the stock must first be offered to the Allied Board for purchase. Is the restriction valid?


tanna.moeller

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

Yes, the restriction is probably valid: (1 ) it is noted on the stock; (2 ) it is for the purpose of keeping ownership in the company; (3 ) it is reasonable - shares are offered to the board.


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