Questions from Business Law

Q: Oxy Corp. is negotiating with the Wick Construction Co. for

Oxy Corp. is negotiating with the Wick Construction Co. for the renovation of the Oxy corporate headquarters. Wick, the owner of the Wick Construction Co., is also one of the five members of Oxy’s boa...

Q: Thomas Persson and Jon Nokes founded Smart Inventions, Inc., to

Thomas Persson and Jon Nokes founded Smart Inventions, Inc., to market household consumer products. The success of their first product, the Smart Mop, continued with later products, which were sold th...

Q: Mark Burnett and Kamran Pourgol were the only shareholders in a corporation

Mark Burnett and Kamran Pourgol were the only shareholders in a corporation that built and sold a house. When the buyers discovered that the house exceeded the amount of square footage allowed by the...

Q: Stanka Woods is the sole member of Hair Ventures, LLC.

Stanka Woods is the sole member of Hair Ventures, LLC. Hair Ventures owns 3 million shares of stock in Biolustré Inc. For several years, Woods and other Biolustré shareholders did not receive notice o...

Q: 73-75 Main Avenue, LLC, agreed to lease commercial

73-75 Main Avenue, LLC, agreed to lease commercial property to PP Door Enterprise, Inc., if its principal officers executed personal guaranties and provided credit information. Nan Zhang signed the le...

Q: Kids International Corp. produced children’s wear for Walmart and other retailers

Kids International Corp. produced children’s wear for Walmart and other retailers. Gila Dweck was a Kids director and its chief executive officer. Because she felt that she was not paid enough for the...

Q: Scott Snapp contracted with Castlebrook Builders, Inc., which was owned

Scott Snapp contracted with Castlebrook Builders, Inc., which was owned by Stephen Kappeler, to remodel a house. Kappeler estimated that the remodeling would cost around $500,000. Eventually, however,...

Q: Jennifer Hoffman took her cell phone to a store owned by R

Jennifer Hoffman took her cell phone to a store owned by R&K Trading, Inc., for repairs. Later, Hoffman filed a suit in a New York state court against R&K, Verizon Wireless, Inc., and others, seeking...

Q: Lyons incorporated Lyons Concrete, Inc., in Montana, but did

Lyons incorporated Lyons Concrete, Inc., in Montana, but did not file its first annual report, so the state involuntarily dissolved the firm in 1996. Unaware of the dissolution, Lyons continued to do...

Q: Langley Brothers, Inc., a corporation incorporated and doing business in

Langley Brothers, Inc., a corporation incorporated and doing business in Kansas, decides to sell common stock worth $1 million to the public. The stock will be sold only within the state of Kansas. Jo...