Questions from Business Law

Q: David Siegel maintained a checking account with the New England Merchants National

David Siegel maintained a checking account with the New England Merchants National Bank (Bank). On September 14, Siegel drew and delivered a $20,000 check payable to Peter Peters. The check was dated...

Q: Dynamite Enterprises, Inc. (Dynamite), a corporation doing business

Dynamite Enterprises, Inc. (Dynamite), a corporation doing business in Florida, maintained a checking account at Eagle National Bank of Miami (Bank). Dynamite drew a check on this account, payable to...

Q: Jon-T Chemicals, Inc. (Chemicals), was an

Jon-T Chemicals, Inc. (Chemicals), was an Oklahoma corporation engaged in the fertilizer and chemicals business. John H. Thomas was its majority shareholder and its president and board chairman. Chemi...

Q: Over a period of several years, the Curtiss-Wright Corporation

Over a period of several years, the Curtiss-Wright Corporation (Curtiss-Wright) purchased 65 percent of the stock of Dorr-Oliver Incorporated (Dorr-Oliver). CurtissWright’s board of directors decided...

Q: Mobil Corporation (Mobil) made a tender offer to purchase up

Mobil Corporation (Mobil) made a tender offer to purchase up to 40 million outstanding common shares of stock in Marathon Oil Company (Marathon) for $85 per share in cash. It further stated its intent...

Q: The state of Wisconsin enacted an antitakeover statute that protects corporations that

The state of Wisconsin enacted an antitakeover statute that protects corporations that are incorporated in Wisconsin and have their headquarters, substantial operations, or 10 percent of their shares...

Q: Dale C. Bone was a member of Roscoe, LLC,

Dale C. Bone was a member of Roscoe, LLC, an LLC organized under the laws of North Carolina. Roscoe, LLC, purchased 2 acres of land near the town of Apex, North Carolina. Apex approved Roscoe, LLC’s p...

Q: Harold, Jasmine, Caesar, and Yuan form Microhard.com

Harold, Jasmine, Caesar, and Yuan form Microhard.com, LLC, a limited liability company, to sell computer hardware and software on the internet. Microhard.com, LLC, hires Heather, a recent graduate of...

Q: Juan, Min-Yi, and Chelsea form Unlimited, LLC

Juan, Min-Yi, and Chelsea form Unlimited, LLC, a limited liability company that operates a chain of women’s retail clothing stores that sell eclectic women’s clothing. The company is a manager-managed...

Q: Ally is a member and a manager of a manager-managed

Ally is a member and a manager of a manager-managed limited liability company called Movers & You, LLC, a moving company. The main business of Movers & You, LLC, is moving large corporations from old...