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

What are the ethical implicationswhy did the individual

What are the ethical implications? Why did the individual choose to be unethical? How does this behavior affect the corrections system as a whole? Be sure to address all prompts and cite your sources in APA format.

List testifying dontsfor the unit viii assignment you will

List: Testifying Don'ts For the Unit VIII Assignment, you will prepare a What NOT to Do When Testifying list. As you read Chapter 15 in the textbook, take notes on what a professional law enforcement officer (PLEO) shoul ...

During the 1950s both north korea and south korea were

During the 1950s both North Korea and South Korea were mostly closed to international trade. Both were very poor and had low rates of growth of production (or income) per person. Since the 1960s, North Korean government ...

When a crime occurs the effects are rarely temporary or

When a crime occurs, the effects are rarely temporary or isolated. Primary victims suffer immediate consequences, but they may also experience lingering physical and psychological issues related to the crime. They often ...

In todays correctional environment it is very important to

In today's correctional environment, it is very important to establish a method of correctional treatment. In this assignment, you will address the following scenario: • As a correctional administrator, you are in charge ...

In your answer to this question use the numerical example

In your answer to this question, use the numerical example from the section on Ricardo's theory of comparative advantage. What is the effect on the pattern of trade predicted by the Ricardian analysis if the number of la ...

According to the heckscher-ohlin theory countries should

"According to the Heckscher-Ohlin theory, countries should engage in a lot of intraindustry trade." Do you agree or disagree? Why?

Question-dr dawes declared personal bankruptcy on 28

QUESTION- Dr Dawes declared personal bankruptcy on 28 February 2016 and he remains undischarged. He informed the board of GML (refer to the facts of this company in your text book) of this bankruptcy at the first meeting ...

Criminal justice trainingwrite a 500-600 word paper on

Criminal Justice Training Write a 500-600 word paper on Criminal Justice Training & Development Opportunities. Think about and explore the career path you want to take in criminal justice. Starting with the date of gradu ...

Organized crime please respond to the followingfrom the

Organized Crime" Please respond to the following: From the e-Activity, provide a brief summary of the case you researched, and determine the key procedures that would be used to investigate the related crime. Summarize t ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate