Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

 Susan is a promoter for a proposed corporation, Acme Corp. As promoter, she signed a 
three-year lease to rent office space in an office park. She signed her name and indicated 
below her signature she is signing as "promoter for Acme Corp., a company yet to be 
incorporated." 

Acme is never incorporated. The lessor believes that Susan is personally liable for any damages 
it will sustain as a result of the three-year lease having to be breached. Is Susan personally liable? 
describe. 

2. One of the directors of Independent Acme purchases 100 acres of timberland. In order 
for him to sell the timber from this land to Independent, what must he do? If he does not 
act properly in this situation, what duty would he violate, and what would be the result? 

3. Kelly is the CEO of Acme Corporation. Who sets her compensation, and what types of 
compensation would she likely receive in addition to her salary? Can shareholders do 
anything to challenge her level of compensation if they think it is unfairly high in 
comparison to average employee compensation within the company?

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M948173

Have any Question? 


Related Questions in Business Law & Ethics

Legal essaywrite an 800 to 1000 word legal essay on any of

Legal Essay Write an 800 to 1000 word legal essay on any of the following topics: Divorce Law (in your state), Child Custody (in your state), OR Divorce Mediation (in your state).

Deploying and scheduling personnelwrite a response to the

Deploying and Scheduling Personnel Write a response to the following prompt: Identify the most favored and least favored shift schedules in the U.S. for police personnel. Explain the advantages and disadvantages of those ...

Law intentional tortsken hates len one day ken sees len

Law Intentional Torts Ken hates Len. One day Ken sees Len riding his horse on the Bridle Path. Ken runs up to Len and kicks Lens horse in the leg. Discuss Ken's liability to Len, if any, for any intentional torts.

Literature reviewmy final paper topic is juvenile detention

Literature Review (My final paper topic: Is Juvenile Detention Really an Effective Rehabilitation Procedure?) For this assignment, you will draft the literature review section of your Final Paper by utilizing research sk ...

Landlord-tenant lawworth 220 pointshint see chapters 29 and

Landlord-Tenant Law Worth 220 points HINT: See Chapters 29 and 30 of the text to help understand some of the legal issues covered in this assignment. Larry Landlord has recently renovated an apartment and has put it on t ...

Question 1 discuss the issue of the supermax prison what

Question 1: Discuss the issue of the supermax prison. What are some of the issues that these facilities face in their operation? What are some of the issues that staff members face who work in these institutions? Examine ...

For this assignment you are to choose a legal issue

For this assignment, you are to choose a legal issue surrounding personnel managers in the fire service, or an issue within the workforce of the twenty first century. These may include: Managing diversity The handling of ...

Corporations law assignment questionpart aexplain what is

CORPORATIONS LAW ASSIGNMENT QUESTION: Part A: Explain what is meant by an entrenched provision and why David in your case study may want to have such provisions included in the company's constitution. In answering your q ...

Discuss status offenses be sure to include a definition of

Discuss status offenses. Be sure to include a definition of status offenses and a summary of two types. How could these lead to a life of crime? 200 word count.

Business law common law assignmentstudents should read the

BUSINESS LAW COMMON LAW ASSIGNMENT Students should read the instructions accompanying this assignment before attempting to solve the following problems. 1. La Trobe University organises an "End of the Year Ball" for staf ...

  • 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