Advise on LEGAL IMPLICATIONS which would personally affect two people forming a business partnership or ltd company.

Two friends have been made redundant from the retail trade and they want to form a company or partnership importing wine. I need to structure this essay with a points. This is my first time to do Business Law. they are not sure whether to do a partnership or ltd co and become directors.

Business Law question

Which of the following is false about the power of courts? a. courts are not absolutely bound to favor one technique of statutory interpretation over another. b. courts can distinguish prior decisions in common law cases. c. State Supreme Courts can overrule their own prior decisions. d. Trial courts can decide abstract propositions of law even though there is no real case or controversy between existing parties with a tangible stake in the outcome of the controversy.

Business Law question: defamation

In which of the following cases is it most likely that the plaintiff will only have to prove negligence on the defendant's part to recover from defamation? a. Statements that a U.S. Senator had someone killed b. Statements that Madaonna had someone killed c. A statement that you or I negligently killed someone during a hurricane d. A false credit report of a construction contractor

Business Law question

which of the following is a valid criticism of strict deontological views? a. such views pay too much attention to consequences b. such views encourage the satisfaction of perverse desires c. such views pay too little attention to consequences d. such views emphasize total satisfaction rather than average satisfaction

Business Law question

which of the following personal traits or conditions will not change the normal reasonable person standard to which defendants are subject? a. blindness b. deafness c. voluntary intoxication d. childhood