Questions from Business Law

Q: Hurwitz and Padden practiced law as equal partners for a short period

Hurwitz and Padden practiced law as equal partners for a short period of time before converting to an LLC. Some three years later, Padden informed Hurwitz that he intended to leave the firm. When they...

Q: Don Mason and Beth Daley were managers and members of Pacific Beach

Don Mason and Beth Daley were managers and members of Pacific Beach Developers, LLC (PBD), a start-up real estate development company focusing on rehabilitating older properties for increased rental v...

Q: John and Amelia have general commitments from a number of individuals to

John and Amelia have general commitments from a number of individuals to invest in their Sproondrift Cove Club golf course and distinctive residential community in Duval County. John wants to form a l...

Q: Hacienda Farms, Ltd., was organized as a limited partnership with

Hacienda Farms, Ltd., was organized as a limited partnership with Ricardo de Escamilla as the general partner and James L. Russell and H. W. Andrews as limited partners. The partnership raised vegetab...

Q: Jerome Micco was a major shareholder and corporate officer of Micco and

Jerome Micco was a major shareholder and corporate officer of Micco and Co., Inc., which was a limited partner in Harbor Creek, Ltd., a limited partnership formed to build a condominium complex. Homme...

Q: Ralph and Maureen K. Hagan (collectively Hagan) owned the

Ralph and Maureen K. Hagan (collectively Hagan) owned the Stuart Court Apartments in Richmond, Virginia. On April 30, 1994, Hagan executed an agreement with Adams Property Associates, Inc. (Adams), gi...

Q: Peter Kertesz formed an LLC and operated it in South Florida under

Peter Kertesz formed an LLC and operated it in South Florida under the business name “ Mourning Flowers. ” The LLC specialized in the sale of flowers to funeral homes. Although Kertesz was initially t...

Q: North Pole, Inc., approved a plan to merge with its

North Pole, Inc., approved a plan to merge with its subsidiary, Santa ’ s Workshop, Inc. The merger plan provided that certain of Workshop ’ s shareholders would receive $3.50 per share. The highest i...

Q: William Sullivan was ousted from the presidency of the New England Patriots

William Sullivan was ousted from the presidency of the New England Patriots Football Club, Inc. Later, he borrowed $5,348,000 to buy 100 percent control of the voting shares of the corporation. A cond...

Q: Edwin Edwards and Karen Davis owned EEE, Inc., which owned

Edwin Edwards and Karen Davis owned EEE, Inc., which owned three convenience stores, all of which sold gasoline. Reid Ellis delivered to the three convenience stores $26,675.02 worth of gasoline for w...