Explain the case of Regentcrest plc v. Cohen. And the consequences they faced
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Explain the case of Regentcrest plc v. Cohen. And the consequences they faced
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- When more established, well-defined private property rights are in place, externalities will be Choose one: A. less prevalent. B. more prevalent. C. not dependent on private property rights.homas Persson and Jon Nokes founded Smart Inventions, Inc., to market household consumer products. The success of their first product, the Smart Mop, continued with later products, which were sold through infomercials and other means. Persson and Nokes were the firm’s officers and equal shareholders. Persson was responsible for product development, and Nokes was in charge of day-to-day operations. In time, they became dissatisfied with each other’s efforts. Nokes represented the firm as financially “dying,” “in a grim state, . . . worse than ever,” and offered to buy all of Persson’s shares for $1.6 million. Persson accepted.On the day that they signed the agreement to transfer the shares, Smart Inventions began marketing a new product—the Tap Light. It was an instant success, generating millions of dollars in revenues. In negotiating with Persson, Nokes had intentionally kept the Tap Light a secret. Persson sued Smart Inventions, asserting fraud and other claims. Under what principle…Describe how and why businesses must factor in the legal environment when operating a business. Are contracts important and if so, why?
- A group of health-conscious Buddhists have bought shares in a company that manufactures alcoholic beverages. About 400 members of that group are now shareholders and holding various amounts of shares. The members of the group who are now shareholders are not against the tobacco company making money. They are only concerned that the company is not implementing the right Occupational Health & Safety (OHS) standards, and that, moreover, it is not doing enough to prevent under-age smoking in Australia. What are the rights of members to actually call an extraordinary meeting in order to discuss a particular environmental issue that has arisen since the last meeting of members was held?Corporate governance is balancing the interests of a company's various stakeholders, which include shareholders, management, consumers, suppliers, financiers, the government, and the general public. what are the three types of corporate governance and explain eachExplain the salient features of competition act .
- The Townsend Acts O are anti-trust laws passed in the U.S. in the 1930's to limit monopoly power. O allow district attorneys the opportunity to plea bargain with accused criminals. O were British laws enacted in the 1760's that imposed taxes on products imported to the American colonies, leading (in part) to the Boston Tea Party. were enacted in the late 1800's to permit regulation of natural monopolies.the tragedy of commons, in Hardin's sense, often plays itself out in environmental ways, from generic human self-interest to overuse of finite resources and environmental degradation. How might the tragedy of the commons, as enacted through commercial enterprise, play out with respect to society? Isolate some examples of the tragedy of the commons, and discuss whether a resolution to this problem is possible, and if so, how it might come about.In 1961, Ford Motor Company acquired Autolite, a manufacturer of spark plugs, in order to enter the profitable aftermarket for spark plugs sold as replacement parts. Ford and the other major automobile manufacturers had previously purchased original equipment spark plugs (those installed in new cars when they leave the factory) from independent producers such as Autolite and Champion, either at or below the producer’s cost. The independents were willing to sell original equipment plugs so cheaply because aftermarket mechanics often replace original equipment plugs with the same brand of spark plug. GM had already moved into the spark plug market by developing its own division. Ford decided to do so by means of a vertical merger under which it acquired Autolite. Prior to the Autolite acquisition, Ford bought 10 percent of the total spark plug output. The merger left Champion as the only major independent spark plug producer. Champion’s market share thereafter declined because Chrysler…
- Wiener Haus #82 has been underperforming for a few years. The franchisee (owner of Haus #82) is frustrated and files a claim against the franchisor for breach. The franchisee claims that the agreement he signed contained a statement at the start of the agreement detailing that the business model the franchisor developed was "proven effective and profitable." On these facts, does the franchisee have a winning breach of contract claim against the franchisor? O No, the contract formed was a voidable contract. Thus, the franchisor is void of responsibility if the business model does not produce profit for the franchisee. O Yes, the franchisee relied on these statements when deciding to contract and thus the franchisor should be responsible when the business model fails to work for the franchisee. O No, courts have generally held that the type of language relied upon by the franchisee is "prefatory" and does not create a duty on the part of the franchisor. O Yes, the money paid to the…Apart from the Sarbanes-Oxley Act of 2022, what other potential solutions exist to mitigate conflicts of interest, and is it suitable for American legislation to be applicable to Canadian corporations?Ay-Bee-Cee-Dee Corp. has filed a Subchapter S election under the Internal Revenue Code for taxation purposes. As you know, S corporations are allowed only a limited number of shareholders and, regardless of the number, certain types of entities, including other corporations, cannot be shareholders in S corporations. Carter wants to transfer his shares of Ay-Bee-Cee-Dee Corp. to CarCor, Inc., a corporation that he and his brothers own. If Able, Baker, and Dennis want to preserve their Subchapter S election and, thus, block the transfer of Carter's shares to CarCor (without being stuck having to purchase Carter's shares themselves), which of the following transfer restrictions would best allow them to accomplish their goal?