MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
10th Edition
ISBN: 9781337093842
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
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.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
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
MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
Knowledge Booster
Similar questions
- Disparate treatment or disparate impact discrimination under title 7arrow_forwardwrite down this answer?arrow_forward49-5. Landlord-Tenant Relationships. Bhanmattie Kumar was walking on a sidewalk in Flushing, New York, when she tripped over a chipped portion of the sidewalk and fell. The defective sidewalk was in front of a Pretty Girl store-one of a chain of apparel stores headquartered in Brooklyn-on premises leased from PI Associates, LLC. Kumar filed a claim in a New York state court against PI, seeking to recover damages for her injuries. PI filed a cross-claim against Pretty Girl. On what basis would the court impose liability on PI? In what situation would Pretty Girl be the liable party? Is there any circumstance in which Kumar could be at least partially responsible for her injury? Discuss. [Bhanmattie Rajkumar Kumar v. PI Associates, LLC, 125 A.D.3d 609, 3 N.Y.S.3d 372 (2 Dept. 2015)] (See Landlord-Tenant Relationships.)arrow_forward
- Explain what separate legal personality means for a company and how the courts interpreted this using relevant case law.arrow_forwardThe manager of Palms Restaurant assembles all employees and announces that because theft isoccurring, she would fire employees until the guilty party confessed. Turning to an employee, Alice, themanager says, "You're fired." Palms Restaurant is in an employment-at-will state. Discuss if Alice has anylegal remedy against Palms.arrow_forwardPlease help me answer these questions.arrow_forward
- What is the significance of a proxy statement in corporate law?arrow_forward. In this particular case, was the Belcher Manufacturing Company guilty or innocent of safetyviolations that resulted in the death of William Carlson?2. Irrespective of the jury’s decision in this case, what should the company do now to avoid asimilar incident in the future? Belcher Manufacturing Company employs 300 workers at its main plant in the upper Midwest. One of itsmajor product lines is compressors for air conditioners. All compressors are tested when they come offthe assembly line. Two years ago William Carlson was 28 years old, a high school graduate, and hadbeen employed in the compressor division for five years. His job was to test each compressor using astandard procedure. Each inspector goes through an extensive training program where properprocedures for testing compressors are explained and demonstrated. In addition, inspectors arerequired to follow the detailed procedures for testing each unit specified in the company manual. Nodeviations from those procedures are…arrow_forwardHow did the court evaluate the Prewitt v Numismatic Funding Corporation case?arrow_forward
- 1-5. THE DOCTRINE OF PRECEDENT. Sandra White operated a travel agency. To obtain lower airline fares for her nonmilitary clients, she booked military-rate travel by forwarding fake military identification cards to the airlines. The U.S. government charged White with identity theft, which requires the “use” of another’s identification. As background, the court in the White case had two cases that represented precedents. In the first case, David Miller obtained a loan to buy land by representing that certain investors had approved the loan when, in fact, they had not. Miller’s conviction for identity theft was overturned because he had merely said that the investors had done something when they had not. According to the court, this was not the “use” of another’s identification. In the second case, Kathy Medlock, an ambulance service operator, had transported patients for whom there was no medical necessity to do so. To obtain payment, Medlock had forged a physician’s signature. The court…arrow_forwardCase 1 Martin Incorporation was a company carrying on business in cosmetics and perfumes. It was not following the marketing concept and was catering to a target market which was using its products. In other words, it only concentrated on what it would make, and did not bother about changes in preferences of its target market. It was later joined by Mr. Ash, a marketing graduate who advised the company regarding the changing consumer preferences, and the changes that were necessary to be incorporated in the product. He emphasized upon the income factors and social factors only. He modernized the products to a great extent, and invested about 30 lakhs on new packing, etc. Even after six months of these changes brought about by him, the company did not seem to have a proportionate increase in sales. The assistant manager and the product manager were not very happy with the changes, and thought that although an effort has been made in the right direction, some important factors concerning…arrow_forwardExplain the following statements: 1. The law requires corporatopm to "prioritize the interests of their companies and shareholders above all other and forbid them from being socially responsible - atleast genuinely so" (Bakan, 2004, p.35). 2. Issues relating to corporate social responsibilities are not new and the history of the corporation includes a cycle of regulation and corporate response.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education