The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 18, Problem 3CT
Summary Introduction
Case s ummary: Person CG was the president of a company L. He also owned a family business G that made syrups for soft drinks. The company later became insolvent. Person CG later contracted with company P. The board of company L was unaware that person CG was using their capitals, personnel, and facilities for his personal benefits. The employees of company L were instructed by person CG to make a concentrate that was sent to company G that is owned by a person CG. Company G sold its products to P and L too. Company L filed a suit against person CG in the state court seeking the product stock and accounting of company P.
To find: The decision of the court when the board of directors of company L approved the use of the personnel and equipment of company G.
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Students have asked these similar questions
What are the factors which will allow a court to pierce the corporate veil?
You own a small business in Baldwin County, Georgia. One of your employees got busted out at Lake Sinclair (county jurisdiction, NOT city) for a first drug violation, which is considered a misdemeanor. Though you do not condone being high the job, you want to be there to support him.
(1) What court would he appear in for his arraignment in Baldwin County (identify the court and the name of the judge)?
Marian’s property has a quarry on a parcel zoned for agriculture. The county passes an ordinance prohibiting mining on agriculturally-zoned parcels, but allows existing quarries to continue for ten years. The county’s action:
Group of answer choices
is an unconstitutional violation of the Fifth Amendment.
will likely require the county to buy Marian’s property at the end of ten years.
will likely not require the payment of compensation at the end of ten years.
constitutes illegal “spot-zoning.”
Chapter 18 Solutions
The Legal Environment of Business: Text and Cases
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