Concept explainers
Case summary: Company VVE constructed PLGC and estates in country T in two phases, 1 and 2. Another company VVP had cut the roadways and constructed water, sewer, and stormwater lines with the help of water inlets for development purposes. Person F, the president and owner of VVP and a sole general partner of company VVP, failed to get the proper permits for the development work in a timely manner. Person F also failed to comply with the requirement of the permits, once the permit was obtained. Person MD who was the attorney general of the state filed a case against company VVE and person F for presumably violating the law of water pollution control in the state. The court entered the judgment in favor of F.
To find: The apportionment of penalties amongst the three defendants.
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Check out a sample textbook solution- 19-2. Duty of Loyalty. Peter hites Alice as an agent to sell a picce of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peter's property is actually at least $45.000 and could he higher because a shopping mall is going to be built nearby. Alice forms a real estate partnership with her cousin Carl. Then she prepares for Peter's signature a contract for the sale of the property ro Carl for $32,000. Peter signs the contract. Just before clos- ing and passage of title, Perer learns about the shopping mall and the increased fair aarket value of his property. Peter refuses to deed the property to Carl. Carl claims that Alice, as Peter's agent, solicited a price above that agreed on when agency was crcated and that the contract is therefore bind- ing and enforceable. Discuss fully whether Peter is bound to this contract. (See: Duties, Righs, and Remedies of Agents and Principals.) thearrow_forwardUsing statue case law, distinguish between the concept of separate legal personality and limited liabilities.arrow_forwardCase #3: Great Homes Group v. Best Advertising, Inc. Great Homes Group contracted with Best Advertising to run advertisements in the Miami Herald newspaper. The contract required Great Homes to designate the size of each ad and stated that Best Advertising would print them and “bill for the exact space published.” The agreement also permitted Best to “revise, alter, or reject any advertisement for any reason, but no change in advertising copy will be made without the customer’s prior consent.” After three years, Great Homes Group brought suit against Best for breach of contract, because the printed ads were 10% smaller than the copy Great had submitted. Analyze whether Great Homes Group has a valid claim for breach of contract or whether Best Advertising, Inc. substantially performed. Assume that Best Advertising, when it submitted the ads, was told by the Miami Herald newspaper that the documentation was too large for publication and would need to be reduced by 10% to fit the page.…arrow_forward
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