Questions from Business Law

Q: Adams and two other persons were promoters for a new corporation,

Adams and two other persons were promoters for a new corporation, Aldrehn Theaters Co. The promoters retained Kridelbaugh to perform legal services in connection with the incorporation of the new busi...

Q: Smith made a contract to sell automatic rifles to a foreign country

Smith made a contract to sell automatic rifles to a foreign country. Because the sale of such weapons to that country was illegal under an act of Congress, the U.S. government prosecuted Smith for mak...

Q: On August 19, 1980, Joan Ioviero injured her hand when

On August 19, 1980, Joan Ioviero injured her hand when she slipped and fell while leaving the dining room at the Hotel Excelsior in Venice, Italy. This hotel was owned by an Italian corporation, Cigah...

Q: Sullivan sold t-shirts with the name Boston Marathon and the

Sullivan sold t-shirts with the name Boston Marathon and the year of the race imprinted on them. The Boston Athletic Association (BAA) sponsors and administers the Boston Marathon and has used the nam...

Q: On August 15, 2003, Wilbert Heikkila signed an agreement with

On August 15, 2003, Wilbert Heikkila signed an agreement with Kangas Realty to sell eight parcels of Heikkila’s property. On September 8, 2003, David McLaughlin met with a Kangas agent who drafted McL...

Q: Siebrecht organized Siebrecht Realty Co., a corporation, and then transferred

Siebrecht organized Siebrecht Realty Co., a corporation, and then transferred his building to the corporation in exchange for its stock. The corporation rented different parts of the building to diffe...

Q: Ronald Naquin, an employee of Air Engineered Systems & Services,

Ronald Naquin, an employee of Air Engineered Systems & Services, Inc., owned one-third of its outstanding shares. After six years, he was fired and an offer was made to buy out his interest in Air Eng...

Q: Monica Beam, a shareholder of Martha Stewart Living Omnimedia, Inc

Monica Beam, a shareholder of Martha Stewart Living Omnimedia, Inc. (MSO), filed a derivative action against Martha Stewart and the other MSO board of directors, alleging that Stewart breached her dut...

Q: Six members of the Weston family, who owned 6.8

Six members of the Weston family, who owned 6.8 percent of the stock of Weston Paper and Manufacturing Company, brought suit against three corporate directors and CFIS, a firm hired by the company to...

Q: Tomlinson and Hubbard were two of five share- holders in Multimedia

Tomlinson and Hubbard were two of five share- holders in Multimedia Software Distributors, a corporation. The corporation was formed in 1992 and filed for bankruptcy in 1994. In 1996, Tomlinson filed...