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

Select 1 of the following disorders reactive attachment

Select 1 of the following disorders: Reactive attachment disorder Disinhibited social engagement disorder Post-traumatic stress disorder Focus your discussion on the following: What are some of the symptoms? What would t ...

Multiple choice questions 1 by 1750 often criminals

Multiple Choice Questions 1. By 1750, ______ , often criminals themselves were motivated by reward money and their ability to confiscate the possessions of the criminal. a. thief-takers b. vagabonds c. crooks d. watchmen ...

Juvenile delinquency prevention and treatmentcompare and

Juvenile Delinquency Prevention and Treatment Compare and contrast juvenile delinquency prevention and treatment. The paper should address the following: a description of delinquency prevention, the fundamental principle ...

Assignment policy-making in the federal systemthe us

Assignment: Policy-making in the Federal System The U.S. government's expansive role in public policy is caught in a swirl of conflicting cross-currents. On the one hand, popular expectations about government's responsib ...

Below is a fictitous act i need to use to answer the

BELOW IS A FICTITOUS ACT I NEED TO USE TO ANSWER THE QUESTION  The Importation of Prohibited Substances Act 2012 (Cth) is fictitious. In June 2012, the Commonwealth Parliament passed the Importation of Prohibited Substan ...

Text book - introduction to law enforcement an insiders

Text Book - INTRODUCTION TO LAW ENFORCEMENT AN INSIDER'S VIEW, FOURTH EDITION by William G. Doerner Chapter 1 - Early Efforts At Policing 1) Research the POST Minimum Standards to be a law enforcement officer in your sta ...

Law enforcement agencies are a very attractive target when

Law enforcement agencies are a very attractive target when it comes to litigation. Thus, civil liability is a concern in American policing and will continue to be. Often, civil lawsuits against police are filed when they ...

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 ...

Ethical moral relativismin america many are comfortable

Ethical (Moral) Relativism In America, many are comfortable describing ethics as follows: "Well, what's right for me is right for me and what's right for you is right for you. Let's just agree to disagree." This is an af ...

Each student will be required to complete the term project

Each student will be required to complete the term project, which is a 8-12 page APA Style paper. Your paper should have at least 8-12 pages of substance not counting the cover and reference pages. Please be sure that yo ...

  • 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