Questions from Business Law

Q: Carrie and Laura started a business together to sell bridesmaids dresses online

Carrie and Laura started a business together to sell bridesmaids dresses online. Carrie spent months preparing the financials and meeting with potential investors while Laura designed dresses and fou...

Q: Is there any good reason to be in a partnership? If

Is there any good reason to be in a partnership? If so, for what sort of business would it make sense?

Q: Mike Love and Brian Wilson were members of the Beach Boys.

Mike Love and Brian Wilson were members of the Beach Boys. In the 1960s, they wrote songs together. The copyrights for these songs were later sold to Rondor, which paid the two men royalties when the...

Q: Claus Scherer worked for Rockwell International and was paid more than $

Claus Scherer worked for Rockwell International and was paid more than $300,000 per year. Rockwell fired Scherer for alleged sexual harassment of several workers, including his secretary, Terry Pendy...

Q: The Resolution Trust Corp. (RTC) sued the directors of

The Resolution Trust Corp. (RTC) sued the directors of the Commonwealth Savings Association seeking to recover from them personally $200 million that the bank lost in bad real estate loans. The direct...

Q: Dickens, Inc. is a bookstore incorporated in Nevada. From

Dickens, Inc. is a bookstore incorporated in Nevada. From its warehouse in Montana, it ships books to all 50 states. The company’s owner lives in New York, its web designer lives in California. Where...

Q: Michael incorporated Erin Homes, Inc., to manufacture mobile homes.

Michael incorporated Erin Homes, Inc., to manufacture mobile homes. He issued himself a stock certificate for 100 shares for which he made no payment. He and his wife served as officers and directors...

Q: Waste Management, Inc., the country’s largest waste hauler, changed

Waste Management, Inc., the country’s largest waste hauler, changed its name to WMX Technologies, Inc. Similarly, U.S. Steel changed its moniker to USX Corp. and American Airlines became AMR Corp. Wha...

Q: States compete for lucrative filing fees by passing corporate statutes that favor

States compete for lucrative filing fees by passing corporate statutes that favor management. One proposed solution to this problem would be a federal system of corporate registration. Is this a good...

Q: Eve bought defective ball bearings from Saginaw Corp. Alfred was the

Eve bought defective ball bearings from Saginaw Corp. Alfred was the sole shareholder of the company and also its landlord. After Alfred sold all of Saginaw’s assets, he withheld enough money to cover...