
Case summary: Person DH was hunting deer standing on the strap which held him high on the tree. Person DH met with an accident as the strap failed that costed him his life. Company SBI has the main task of selling and making of the deer stand and person KK is the manager and sole member of the company. Person D and RH, the children of DH, filed a case in the state court against SBI and KK. They sought the recovery of the damages. KK filed a motion for summary judgment claiming that he was not liable for the death of DH.
To find:The reason behind the allowance and encouragement of law that limits the liability of the owner and managers of a business organization for the action of the firm.

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Chapter 17 Solutions
The Legal Environment of Business: Text and Cases
- During the current year, August Corporation began operations with $150,000 cash contributed by shareholders. The company purchased equipment for $80,000 cash and inventory for $45,000 on account. By year-end, they had collected $120,000 in service revenue, paid $32,000 for operating expenses, and made payments of $38,000 to suppliers. If the ending inventory balance was $12,000, what is the total stockholders' equity at year-end? Provide answerarrow_forwarddear expert I need help in this question with good method.arrow_forwarddear I need help in this question with good method.arrow_forward