Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Management Expert

Anna and Thomas own a consulting firm jointly as general partners. They specialize in helping local political candidates run their campaign. Because their business has been growing, they decide to incorporate in order to have greater protection against personal liability. Anna and Thomas fill out the paperwork to be filed with the Secretary of State to incorporate their business. Thomas tells Anna that he will take care of mailing in the Articles of Incorporation. However, the envelope containing the Articles of Incorporation falls in between the seats of Thomas’ car, and he forgets about it. Anna changes all of the documents of the consulting firm to reflect “Inc.” after its name since they are incorporating the business. She also changes the sign outside of their office building to add “Inc.” to the business name. One week after Thomas was supposed to have mailed the Articles of Incorporation, Anna takes on a new client who is running for mayor of a local city. The mayor asked for Anna's assistance in running his campaign only a couple months before the election. Unfortunately, despite Anna's best efforts, the client loses the race. The client sues Anna and Thomas personally, claiming that they are liable for the loss of the race because of a piece of campaign literature that Anna created which the client believes had the effect of casting him in a bad light. That is when Anna discovers that the Articles of Incorporation for the business were never filed. Discuss under what doctrine of law Anna and Thomas could be held personally liable (aside from the merits of the lawsuit). Make sure to fully discuss all of the elements of the theory of law, and whether the Anna and Thomas would ultimately be held personally liable. 300 words or more

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92414585

Have any Question?


Related Questions in Financial Management

This week will develop the theory and application of

This week will develop the theory and application of capital budget analysis. The theory was robust, the calculations mathematically and logically defined, and many of the real-world problems, likely to be encountered, w ...

Scenario your team has been hired to provide financial

Scenario: Your team has been hired to provide financial analysis for a start-up company, Bobble in Style, which produces customized bobble heads. The bobble heads are made out of less rigid materials and are more true to ...

As you have read and researched web analytics is used

As you have read and researched, web analytics is used extensively in higher education. Continue to research and source at least 5 different ways how web analytics is used by higher education institutions. You must provi ...

In a minimum of two pages not counting the title and

In a minimum of two pages (not counting the title and reference pages), address how you would respond to the following points: Do you believe Carl is aware that he is a follower as well as the first shift supervisor? If ...

Discussion question find an example of a document that

Discussion Question : Find an example of a document that misuses graphics. This can be a document that you have received (please blot out any sensitive information and names) or a document that you find on the Internet. ...

Assignmentthe interview assignment asks you to perform an

Assignment The interview assignment asks you to perform an informational interview with a professional within the Fitness and Wellness industry. The person does not have to be an owner but simply someone who is or has be ...

Question spirituality is a fundamental and universal

Question : Spirituality is a fundamental and universal aspect of human existence and is a critical component in working with clients, groups, communities, etc. There is a vast diversity in spiritual beliefs and religious ...

International financial management assignment -this

International Financial Management Assignment - This assignment consists of two parts, Part A and Part B. PART A - Assignment Question - As a recent graduate of Afin 867 you have been lucky enough to be offered a consult ...

The investment logic for sustainabilitywatch the investment

The Investment Logic for Sustainability Watch the Investment Logic for Sustainability video. Then perform a few internet searches on terms such as the following: Sustainable funds Socially responsible investing ESG Envir ...

Please post the answer directly i will buyben wants to

Please post the answer Directly. I will buy. Ben wants to design a risky portfolio from two funds, Momentum Fund and Value Fund. Momentum Fund has an expected return of 35% and a standard deviation of return of 40%. Valu ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As