Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

1. Bernie is a director of BALCO Co. Bernie has missed last two director’s meetings. Could the shareholders remove Bernie if the corporate by laws give the power of removal to the other directors?

2. Flushes R Us, Inc. (FRU) is a corporation whose principal business is the manufacturing and sale of toilets.  Gert is a manager in charge of the employees in FRU's product delivery division.  Eddie is one of the employees in that division.  One day, while Eddie was en route to a retail customer's place of business (where he was to make the delivery of a large quantity of FRU toilets), Eddie negligently operated truck he was driving and caused injury to a pedestrian.  Due to this, Eddie was violating a specific corporate directive that employees were not to be negligent.  The injured pedestrian filed suit against Eddie, Gert, and FRU in an effort to get money damages for her injuries. Who is liable?  Why?

3. Ellen is the president of Ajax Co. Briefly describes Ellen’s duties to Ajax.

4. Dana is treasurer of Smith Co. In her capacity as treasurer, Dana borrows large sum of money from National Bank. Was Dana authorized to do this in her capacity as Smith Co. treasurer? What could the corporation do in this situation?

5. Ace Motors, an automobile manufacturer, has been experiencing problems with the particular model. Many people have been killed in accidents resulting from poor design and location of the fuel line in the car. Can officers and directors of the corporation be held liable for these damages and deaths?

Case Problem

Following one year of negotiations, James McDougal signed the agreement to purchase the Bank of Kingston. The sellers were the majority shareholders in First National Bank of Huntsville, the only other bank in the county. The sales agreement included a provision prohibiting the buyer from moving the bank to Huntsville for a period of 1 0 years. McDougal signed the agreement to purchase the bank stock as “James B. McDougal, Agent.” About three months after the purchase, the board of directors of the Bank of Kingston changed the name of the bank to Madison Bank and Trust. Shortly thereafter, they began efforts to move the bank’s main office from Kingston to Huntsville. The sellers sought an injunction to force the bank to comply with the provision in the sales agreement which prohibited such move. Bank defended on the grounds that McDougal, its president, acted outside of his authority in signing the agreement. Is the covenant not to move to Huntsville enforceable against the bank? Describe.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M91352

Have any Question? 


Related Questions in Business Law & Ethics

Please answer the following questions in your own words

Please answer the following questions, in your own words. Pretend you are explaining the concepts to someone who knows something about business but very little about law. Each of these five questions can be answered in t ...

1 what is white collar crime how is it different from

1. What is white collar crime? How is it different from conventional crime? How is the term "trusted criminals" relevant to white collar crime? What are the characteristics of people who commit white collar crime? What a ...

1 consider the right-hand side of the blackscholes-merton

1. Consider the right-hand side of the BlackScholes-Merton formula as consisting of the sum of two terms. Explain what each of those terms represents. 2 .Explain each of the following concepts as they relate to call opti ...

Many police departments are now requiring an associates

Many police departments are now requiring an Associate's Degree to be qualified for hiring. This is being followed by requiring an advanced degree for taking promotional tests. These promotional tests usually equate at l ...

Business ethicsi have three questions related to business

Business Ethics I have three questions related to business ethics. For each question, I want to write a 600 words essay to answer and discuss the questions. The language does not need to be perfect. However, for each ess ...

Primary task response within the discussion board area

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your cla ...

Please answer the following questions in your own words

Please answer the following questions, in your own words. Pretend you are writing for someone who knows something about business but nothing about law. 1. Cite actual language from the U. S. Constitution to demonstrate t ...

Complete both part a and part bpart a select one of the

Complete both Part A and Part B. Part A: Select one of the following issues that court administrators face: Volume of cases in the court system Diversity of judges Language barriers and availability of court-interpreters ...

What new civilian technology that is not currently being

What new civilian technology (that is not currently being widely used in law enforcement) do you think might be useful to police in the near future? What community problems would it solve or how would it further operatio ...

1 explain in detail the 12 characteristics of organized

1. Explain in detail the 12 characteristics of organized crime. Explain how these characteristics differentiate organized crime from other types of crime. 2. Explain two social factors that contribute to the existence of ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro