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

Selin amp wolfgang present five victim typologies choose a

Selin & Wolfgang present five victim typologies. Choose a current news article from either a newspaper or magazine. Define each of the victim typologies and discuss how the article illustrates those. Discuss the differen ...

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 ...

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 ...

Review the case file titled hilary case found below these

Review the case file titled "Hilary Case," found below these instructions.  Write a five to six (5-6) page paper in which you: 1. Draft a legal memorandum in which you discuss the likelihood of a successfully recovery by ...

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.

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, ...

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 ...

Investigating computer crimesdiscusses computer crimes and

Investigating Computer Crimes Discusses computer crimes and the challenges they present to investigators. Provide a couple of examples of computer crimes and explain how they differ from traditional crimes. Describe the ...

Fiduciary dutiesjimmy is the ceo of news corp his son

Fiduciary Duties Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc.  One day Jimmy suggests that Johnny sell Television Inc. to News Corp.   Jimmy and Johnny work together to radically inflate the value ...

Assignment - environmental issues faced by business and

Assignment - Environmental Issues Faced by Business and Society Research and explain the importance of an environmental issue (fracking, hazardous waste disposal, oil pipeline leaks, deforestation, etc.) faced by busines ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen