Questions from Business Law

Q: Little Switzerland Brewing Company was incorporated on January 28. On February

Little Switzerland Brewing Company was incorporated on January 28. On February 18, Ellison and Oxley were made directors of the company after they purchased some stock. Then, on September 25, Ellison...

Q: Oahe Enterprises was formed by the efforts of Emmick, who acted

Oahe Enterprises was formed by the efforts of Emmick, who acted as a promoter and contributed shares of Colonial Manors, Inc. (CM), stock in exchange for stock in Oahe. The CM stock had been valued by...

Q: In April, Cranson was asked to invest in a new business

In April, Cranson was asked to invest in a new business corporation that was about to be created. He agreed to purchase stock and to become an officer and director. After his attorney advised him that...

Q: Healthwin-Midtown Convalescent Hospital, Inc. (Healthwin), was

Healthwin-Midtown Convalescent Hospital, Inc. (Healthwin), was incorporated in California for the purpose of operating a health care facility. For three years thereafter, it participated as a provider...

Q: MPL Leasing Corporation is a California corporation that provides financing plans to

MPL Leasing Corporation is a California corporation that provides financing plans to dealers of Saxon Business Products. MPL invited Jay Johnson, a Saxon dealer in Alabama, to attend a sales seminar i...

Q: Berger was planning to produce a fashion show in Las Vegas.

Berger was planning to produce a fashion show in Las Vegas. In April, Berger entered into a written licensing agreement with CBS Films, Inc., a wholly owned subsidiary of CBS, for presentation of the...

Q: Frank McAnarney and Joseph Lemon entered into an agreement to promote a

Frank McAnarney and Joseph Lemon entered into an agreement to promote a corporation to engage in the manufacture of farm implements. Before the corporation was organized, McAnarney and Lemon solicited...

Q: Green & Freedman Baking Company (Green & Freedman) was a

Green & Freedman Baking Company (Green & Freedman) was a family-owned Massachusetts corporation that produced and sold baked goods. The terms of a collective bargaining agreement required Green & Free...

Q: Sims contracted in writing to sell Blake 100 electric motors at a

Sims contracted in writing to sell Blake 100 electric motors at a price of $100 each, freight prepaid to Blake’s warehouse. By the contract of sale, Sims expressly warranted that each motor would deve...

Q: C. A. Nimocks was a promoter engaged in organizing the

C. A. Nimocks was a promoter engaged in organizing the Times Printing Company. On September 12, on behalf of the proposed corporation, he made a written contract with McArthur for her services as comp...