Identifies and discuss the common misalignments Deutser.
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Identifies and discuss the common misalignments Deutser.
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- EExplain the circumstances in which an equitable pledge may arise in a contractual relationship.Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?Discuss whether classen can hold Daniel liable as a partner
- CCS Pty Ltd is registered with Mira and Aaron as its directors. CCS Pty Ltd hasissued five shares, with the following persons owning one each: Mira, Aaron, Ryan(Mira's son), Janice (Aaron's daughter) and Marilyn (Aaron's friend). CS Pty Ltdoperates a business that manutactures and sells widgetsFor each of the following developments, explain whether the shareholders and/ordirectors would be personally liable to the landlord, NAB Bank, Janice or AcmeComputers Pty Ltd.(d)CCS Pty Ltd enters into a lease for new premises where the business is to beheadquartered.CCS Pty Ltd borrows $100 000 from NAB Bank on an unsecured basis. Mirapersonally guarantees the repayment of the loan.CCS Pty Ltd purchases a block of land from Janice for $500 000 to build anew warehouse. CCS Pty Ltd grants Janice a mortgage over the land equal tothe $500 000 purchase price.CCS Pty Ltd purchases several computers from Acme Computers Pty Ltd.One third of the purchase price is paid on delivery and the balance is…Define throttling.charity takes her engagemnet ring to sparkles jewellery for cleaning and appraisal. she has to pay for the work when she picks up the ring. while the jeweler's back is turned and charity had left the building, someone slips behind the counter and steals a number of boxes containing repaired jewelry incluiding charity's ring. with reference to the above, highlight Sparkles liability and charity;s remedies if any.
- . Explain the concept of "constructive possession" in relation to pledge agreementsWhich of the following represents an agency relationship? 1) Horace wants to sell his farm and hires Marcie as his realtor. The two agree that if Marcie finds a buyer for the farm at Horace's price, then Horace will pay Marcie 7% of the price he receives. 2) Bob dies and leaves his assets in a trust for his minor child, Lilly. In the trust, Bob appoints Reggie as the trustee to act for Lilly's benefit. Since Reggie has a fiduciary duty to Lilly as trustee, Reggie is Lilly's agent. 3) Lucy contracts to sell her car to Tony for $5,000. Tony purchases the car only to find it not in the condition that Lucy described it. Tony is claiming that Lucy violated her fiduciary duty to him as his agent under the agreement. 4) Hunt is an attorney of questionable ethics. Roger, one of Hunt's clients, is arrested for DUI, but appears to be too intoxicated to consent to a breath test. Hunt is contacted by…Subject: Business Law and Regulations Topic: Nonstock Corporation 3. During the Annual Members meeting of Kampante Corporation, Jose a member nominated Atty. Joshua the retainer lawyer of the corporation citing as ground that due to the good legal representations of the latter for the corporation wants him to serve in the board as a trustee. Mr Kent objected on the ground that Atty. Joshua is not qualified not being a member thereat. a. Is the nomination by Joe of Atty. Joshua valid? b. Is the objection of Mr. Kent based on the ground cited meritorious?
- Oscar conveys Grouchland to Grover on January 16, 2019. Oscar conveys the same property to Elmo who does not know about Grover and who records his deed on January 18, 2019. Oscar then conveys the property to Bert who doesn't know about Grover or Elmo and who does not record the deed. Oscar then conveys the property to Ernie who knows about Bert and records the deed. Who has title to property if the jurisdiction follows a notice statute? Ernie Elmo Bert GroverDescribe the requirements for establishing a suretyship relationship.Denise and Evelyn agree to run a laundry business and share the profit. However, Evelyn also sells cakes on their business premises. Advise Denise as to whether she is entitled to a share of profit in the cake business.
