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Greta contributes property to form Unity Corp. and receives all 100 shares of Unity. A year later, Bjorn contributes property and receives 20 shares of Unity (total 120 shares of Unity outstanding). Which shareholder will receive deferral treatment under Section 351?

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Anakin Skywalker was driving down a dark path at night when he got into an accident with Yoda. Yoda sustained $90,000 of injuries to his legs, chest, and face, and sued for negligent driving on a per se negligence theory. Yoda accuses Anakin of running a red light. Yoda's lawyer R2D2 interviewed his client, and all eight witnesses, seven of whom say Anakin was speeding and running a red light. He checked with the police and city government for video footage, but there was none. At trial, however, the jury believes the one witness who says Anakin was driving reasonably and finds him not liable. Anakin's lawyer, Palpatine then brings a motion for Rule 11 sanctions. True, or false, the court will grant the motion?

Any explicit understanding between the buyer and the seller determines when title passes.

Cerberus corporation (domiciled in Alaska) sells life insurance policies. One day, it issues a $100,000 policy to a naval officer, Captain Shephard (domiciled in South Carolina). The beneficiary was fellow soldier Liara T'Soni (also domiciled in South Carolina). He paid insurance premiums from South Carolina and the company issued an insurance certificate to them in South Carolina. The contract specified that a claim would not be paid out in cases of suicide. One day, Shepard, went into a therapy session with Donnel Udina and died three days later. Liara claims that Udina murdered Shepard, while Cerberus claims Shepard committed suicide. Liara sues when Cerberus refuses to pay out on the policy in South Carolina state court. Under McGee, can a South Carolina court exercise personal jurisdiction over Cerberus?A.TrueB.False

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