Joint and several liability of the co-debtors is applied in A) Commercial acts B) Civil acts C) Both commercial and civil acts D) Mixed acts
Q: Anderson and Tallstrom are partners in Rancho Murieta Investors (RMI). Anderson owns 80 percent of…
A: Charging order implies the right to the unpaid personal creditor where the partner in certain…
Q: Under a Commercial General Lability policy, which of the folkwing actions is an obligation of the…
A: The question is asking about the obligations of a lessee under a Commercial General Liability (CGL)…
Q: Assess the implications of section 33 of the Companies Act 2006 and evaluate the constitutional…
A: The objective of this question is to understand the implications of section 33 of the Companies Act…
Q: Discuss the cases in which the Doctrine of Caveat of Emptor do not apply.
A: The doctrine of caveat emptor, or "let the buyer beware," is a legal principle that places the onus…
Q: S sold his house to B with a right of repurchase. Has B the obligation to respect the lease after…
A: Right of repurchase/redemption: A contractual right that allows a seller to repurchase or redeem the…
Q: 2. The company's objects stated that it was to carry on a business as gown makers but the business…
A: Business law can be defined as the law that only governs the business of any type and also the…
Q: Assume that Elkins contracted to build an addition to Cromwell’s plant producing cruise missiles…
A: Elkins won't be in an exceedingly well position to complain concerning the problem, once the…
Q: Sony Corporation manufactured and sold home video recorders, specifically Betamax videotape…
A: Intellectual property These area unit the numerous kinds of insubstantial assets that embrace trade…
Q: Rensselaer Water Company contracted with the city of Rensselaer to provide water to the city for use…
A: Enforcing a contract in the context of contract law refers to the practice of holding the…
Q: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
Q: Bert and Ernie collaborate to defraud Oscar, who is induced to give Bert a note payable to Bert’s…
A: Bert and Ernie, the famed team, conspire to deceive none other than the cantankerous Oscar in a…
Q: The following clause was included in the engagement letter between Limits and Lobits, CPAS (L&L) and…
A: The inclusion of a clause in an engagement letter between Limits and Lobits CPAs (LAL) and their…
Q: Hutchins and O’Neil, as general partners in the Haddon View Investment Co., became limited partners…
A: Yes, the accountants were correct.This is due to the fact that limited partners have a limited…
Q: Explain the three legal forms a business could take and state one advantage and one disadvantage of…
A: The following 3 are the Legal Form of a business: Sole Proprietorship Partnership Corporation…
Q: Wells Fargo Credit Corporation (Wells Fargo) obtained a judgment of foreclosure on a house owned by…
A: Wells Fargo, the plaintiff in this case, is attempting to have the court sale annulled due to its…
Q: Quincy forms a manufacturing corporation, the Fabri-Q Co. (Fabri-Q). He is the sole shareholder. He…
A: In a legal context, personal liability refers to an individual's legal duty and obligation to face…
Q: The primary duty of a principal to an agent is to create a binding contract whereby the…
A: The principal-agent relationship plays a crucial role in various spheres of our lives, facilitating…
Q: [Amazing Fabrics] Amazing Fabrics [Amazing Fabrics] Amazing Fabrics, owned by Peri, has provided…
A: In the case of Amazing Fabrics, Peri sold his business to Lisette and agreed not to open a competing…
Q: The named insured is listed in which of the following sections of a property polle OA Insuring…
A: The objective of the question is to identify the section of a property policy where the named…
Step by step
Solved in 4 steps
- The Johnson Company, a corporation organized under the laws of State X, after proper authorization by the shareholders, sold its entire assets to the Samson Company, also a State X corporation. Ellen, an unpaid creditor of the Johnson Company, sues the Samson Company upon her claim. Is Samson liable? Explain.A pizza parlor owner uses a vending machine company to service his soft drinks.The owner of the company sells his route to Mr X and delegates all of his contractsincluding the one with the pizza parlor. This enrages the pizza parlor owner, because Mr. X was engaged to the pizza parlor owner's sister and left her standing at the altar. He claims that the obligation is non-delegable because it's "personal". Do you agreeWhen OTES developed its first online application for university math courses, BD sued both OES and Gone. BD contends that Gone has breached his covenant not to compete, because he is engaging in a competitive business in online learning resources in university-level math and science and that he has proprietary information regarding the development of science and math tutorial programs. BD further contends that OTES is engaging in tortious interference with contract. BD is Gone and OTES deny the claims, and state that Gone has not violated his employment agreement, because they are not engaging in a competitive business with BD. The law in Georgia was recently amended to include the following provisions: A covenant not to compete must be reasonable in terms of time, geographical area, and prohibited activities. A time period longer than 2 years is presumed to be unenforceable. The courts are permitted to blue-pencil (or reform) covenants that are otherwise unenforceable.…
- Cheeseboro Conglomerate Co. entered into a contract with Fanning Heating & Cooling Corp. for the sale of its mineral holdings. The transaction is beyond Cheeseboro's powers. Which of the following parties, for the reason stated, may properly assert the lack of powers in order to challenge and try to stop or undo the sale? O Cheeseboro Conglomerate Co., but only to change the terms of the contract (not stop or undo the sale). O Fanning Heating & Cooling Corp. O A shareholder of Cheeseboro Conglomerate Co. O Fanning Heating & Cooling Corp., but only to change the terms of the contract (not stop or undo the sale). O Cheeseboro Conglomerate Co.A pediatrician contracted with Oxford Health Plans to provide care for Oxford members at specified rates. The pediatrician later filed suit in state court against Oxford on behalf of himself "and a proposed class of other physicians," alleging that Oxford had not made proper payment to them. Oxford moved to compel arbitration, relying on a contractual clause that provided: "No civil action concerning any dispute ... shall be instituted before any court and all such disputes shall be submitted to final and binding arbitration..." The state court granted Oxford's motion and referred the matter to arbitration. Both parties agreed that the arbitrator should decide whether their contract authorized class arbitration. The arbitrator, relying on the text of the contract, determined that the contract did authorize class arbitration. Oxford then filed a motion in federal court attempting to vacate the arbitrator's decision on the ground that the arbitrator "exceeded his powers" under Section…Advise Tom, Jamal, and Jackie on their potential liability to secured and unsecured creditors of their company under the Companies Act 2006, the Insolvency Act 1986, and the relevant case law.
- The statute of frauds does NOT cover which of the following contracts? Bridgeby enters into a contract for the sale of her house. Ruelle and Randolph enter into a pre-nuptial agreement. O Quincy accepts Cleo's offer to buy from Cleo her couch for the price of $4,000. Jasper, the executor of the estate of Gabrielle's dead cousin, agrees with Gabrielle that Gabrielle will pay a debt of that estate: Gabrielle will inherit three-fourths of the estate, with the rest going to various charities. O For the price of $599. Millie enters into a contract with a merchant, Reesa, to buy from Reesa some wrenches with an estimated barter value of approximately $620.EExplain the circumstances in which an equitable pledge may arise in a contractual relationship.(3) The rights of minor in the firm is..... a) Not Access to and inspect and copy any of the accounts of the firm b) Access to and inspect and copy any of the accounts of the firm c) Admitted to the benefits of partnership
- Alan’s real estate broker suggested that he use a quitclaim deed to sell his super cool Brentwood condo so that the buyer would: Be the grantor under the deed and have full recourse against the seller for any title related claims Acquire only the legal interest in the property that Alan previously held Know that all prior mortgages, liens, and other encumbrances had either been reconveyed or removed from the property’s title Receive assurance that the property was free from any title defectsa WI Thi aw poin loqua yd olM : Jane was tired of living in the jungle with Tarzan and entered into a sales contract to purchase a small house from Tarzan that he had inherited. Tarzan later changed his mind, because he liked Jane swinging in the trees with him. If Jane decides to seek legal assistance to acquire the house, which remedy should she ask for? O Quantum meruit O Promissory estoppel O Specific performance O Legal ejectment dead artThe standard of reivew used by the Connecticut Supreme Court in determining whether the takings were constitutional under the 5th Amendment was: a. The takings were reasonably necessary to achieve the City of New London's intended public use. b. The takings were substantially necessary to achieve the City of New London's intended public use. c. There was clear and convincing evidence that the economic benefits of City of New London's plan would in fact come to pass. d. The evidence was beyond a reasonable doubt that the economic benefits of the City of New London's plan would in fact come to pass.