Questions from Business Law

Q: Faraway Corp. supplies business equipment. Faraway is considering entering into

Faraway Corp. supplies business equipment. Faraway is considering entering into two contracts, one with a joint stock company east of the Mississippi River and the other with a business trust formed b...

Q: Joe, a resident of New Jersey, wants to open a

Joe, a resident of New Jersey, wants to open a restaurant. He asks his friend Kay, who is an experienced attorney and a New Yorker, for her business and legal advice in exchange for a 20 percent owner...

Q: Holiday Isle Resort & Marina, Inc., operated four restaurants,

Holiday Isle Resort & Marina, Inc., operated four restaurants, five bars, and various food kiosks at its resort in Islamorada, Florida. Holiday entered into a “joint venture agreement” with Rip Tosun...

Q: New York resident Esther Braunstein worked as an usher at Lincoln Center

New York resident Esther Braunstein worked as an usher at Lincoln Center, held an administrative position with Citibank, was a school crossing guard, and assisted disabled persons and others as a volu...

Q: Walter Van Houten and John King formed 1545 Ocean Avenue, LLC

Walter Van Houten and John King formed 1545 Ocean Avenue, LLC, with each managing 50 percent of the business. Its purpose was to renovate an existing building and build a new commercial building. Van...

Q: James Williford, Patricia Mosser, Marquetta Smith, and Michael Floyd

James Williford, Patricia Mosser, Marquetta Smith, and Michael Floyd formed Bluewater Logistics, LLC, to bid on construction contracts after Hurricane Katrina struck the Gulf Coast. Under Mississippi...

Q: Fadal Machining Centers, LLC, and MAG Industrial Automation Centers,

Fadal Machining Centers, LLC, and MAG Industrial Automation Centers, LLC, sued a New Jersey–based corporation, Mid-Atlantic CNC, Inc., in federal district court. Ten percent of MAG was owned by SP MAG...

Q: Siloam Springs Hotel, LLC, operates a Hampton Inn in Siloam

Siloam Springs Hotel, LLC, operates a Hampton Inn in Siloam Springs, Arkansas. Siloam bought insurance from Century Surety Co. to cover the hotel. When guests suffered injuries due to a leak of carbon...

Q: Blushing Brides, LLC, a publisher of wedding-planning magazines

Blushing Brides, LLC, a publisher of wedding-planning magazines in Columbus, Ohio, opened an account with Gray Printing Co. in July 2000. On behalf of Blushing Brides, Louis Zacks, the firm’s member-m...

Q: Cummings, Okawa, and Taft are recent college graduates who want

Cummings, Okawa, and Taft are recent college graduates who want to form a corporation to manufacture and sell personal computers. Peterson tells them he will set in motion the formation of their corpo...