Questions from Business Law

Q: Ruth is a supervisor for a Subs & Suds restaurant. Tim

Ruth is a supervisor for a Subs & Suds restaurant. Tim is a Subs & Suds employee. The owner announces that some employees will be discharged. Ruth tells Tim that if he has sex with her, he can keep hi...

Q: Koko, a person with a disability, applies for a job

Koko, a person with a disability, applies for a job at Lively Sales Corporation for which she is well qualified, but she is rejected. Lively continues to seek applicants and eventually fills the posit...

Q: Darnell and Eliana are partners in D&E Designs, an

Darnell and Eliana are partners in D&E Designs, an architectural firm. When Darnell dies, his widow claims that as Darnell’s heir, she is entitled to take his place as Eliana’s partner or to receive a...

Q: Gabriel, Harry, and Ida are members of Jeweled Watches,

Gabriel, Harry, and Ida are members of Jeweled Watches, LLC. What are their options with respect to the management of their firm?

Q: Greener Delivery Company and Hiway Trucking, Inc., form a business

Greener Delivery Company and Hiway Trucking, Inc., form a business trust. Insta Equipment Company and Jiffy Supply Corporation form a joint stock company. Kwik Mart, Inc., and Luscious Produce, Inc.,...

Q: Name Brand, Inc., is a small business. Twelve members

Name Brand, Inc., is a small business. Twelve members of a single family own all of its stock. Ordinarily, corporate income is taxed at the corporate and shareholder levels. How can Name Brand avoid t...

Q: Burke has been a rancher all her life, raising cattle and

Burke has been a rancher all her life, raising cattle and crops. Her ranch is valued at $500,000, almost all of which is exempt under state law. Burke has eight creditors and a total indebtedness of $...

Q: When a corporation wishes to issue certain securities, it must provide

When a corporation wishes to issue certain securities, it must provide sufficient information for an unsophisticated investor to evaluate the financial risk involved. Specifically, the law imposes lia...

Q: Liberty Bank loans Michelle $5,000 to buy a car

Liberty Bank loans Michelle $5,000 to buy a car, which is used as collateral to secure the loan. After repaying less than 50 percent of the loan, Michelle defaults. Liberty could repossess and keep th...

Q: Jorge contracts with Midwest Roofing to fix his roof. Jorge pays

Jorge contracts with Midwest Roofing to fix his roof. Jorge pays half of the contract price in advance. Midwest completes the job, but Jorge refuses to pay the rest of the price. What can Midwest do?...