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

Question 1 an example of an ethical structure is a a

Question 1: An example of an ethical structure is __________ . A. a whistleblower policy B. an ethics officer C. a corporate credo D. a values statement Question 2: When you ask yourself whether you would be willing to b ...

In a 3- page analysis paper address the following describe

In a 3- page analysis paper, address the following: Describe the type of service you have selected. Briefly explain the related laws that govern the practice of the selected service. Discuss the specific ethical standard ...

Prepare a three- to five-page paper not including title and

Prepare a three- to five-page paper (not including title and reference pages), formatted according to APA style as outlined in the Ashford Writing Center, that details the importance of ethical behavior and its significa ...

White-collar crimewhite-collar crime has come of age

White-Collar Crime White-collar crime has come of age. Instead of confidence swindles, and stings, computers are the tool for the new-age criminal. Address the following in your paper: Describe three of the new-age crime ...

Assignment security risk in the centervale neighborhoodthe

Assignment: Security Risk in the Centervale Neighborhood The Department of Homeland Security (DHS) has called the mayor of Centervale on issues related to terrorism. With a resident population of seventy-five thousand an ...

Prepare a 10 to 15 slide presentation on the crowding

Prepare a 10 to 15 slide presentation on the crowding effect the war on drugs has had on correctional organizations in your state.  My state is FLORIDA. Propose three workable solutions to the situation. Substantiate you ...

Projectnbsp training powerpoint for police officerspretend

Project:  Training PowerPoint for Police Officers Pretend you are a Police Academy instructor who needs to develop a PowerPoint presentation for police officers on an emerging technology that addresses a long-standing po ...

Jim and laura buyer visit the local car dealership because

Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is aging and is starting to have mechanical problems. Jim and Laura would share the new car, ...

When sentencing an offender a judge must evaluate a number

When sentencing an offender, a judge must evaluate a number of different variables to impose an appropriate course of punishment or treatment. Using the textbook, library, Internet, or Web resources, research the variabl ...

As this class draws to an end you covered a vast amount of

As this class draws to an end, you covered a vast amount of material pertaining to business law. From the classifications of law, contract formation, illegal agreements and various types of property, to business ethics, ...

  • 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