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 27, Problem 7BCP
Summary Introduction
Case summary: Company L operates an emergency clinic in Nampa. There is another company SMG, with thirty-four physicians working at their clinic.Company L entered into a five-year agreement with company SMG that was opposed by a center SAM, that operates the only hospital in Nampa. The allegation was that the two entities could charge high price from the patients and insurers. Center SAM filed a suit against company L to block the merger.
To find: Whether the agreement between L and SMG violated antitrust law.
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Students have asked these similar questions
Mr. Salim and Mr. Nassir started a limited
partnership business. Both agreed that Mr. Salim will
be a general partner and Mr. Nassir will be a limited-
liability partner. The business could not run
successfully and closed after 2 years. It had
debts/loans of OMR 20,000 while business assets
only were sold for OMR12000. Who will pay the
remaining OMR 8000 difference?
a. No partner will pay this remaining difference
b. Mr. Salim because he is a general partner and
fully liable
c. Both partners will pay equally
d. Mr. Nassir because he is a limited-liability
partner and fully liable
If within 60 days from the approval of corporation action by stockholders, the dissenting stockholder and the corporation cannot agree on the fair value of the shares, who shall determine the price of shares? *
Three disinterested persons, one named by the stockholder, another named by the corporation and the third chosen by the two whose decision by majority is binding and final
The dissenting shareholder
The Securities and Exchange commission
The Commercial Court
Explain limited-liability company (LLC).
Chapter 27 Solutions
The Legal Environment of Business: Text and Cases
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