Questions from Business Law


Q: Why should partnership agreements be in writing?

Why should partnership agreements be in writing?

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Q: Tom George was the sole owner of Turbine Component Super Market,

Tom George was the sole owner of Turbine Component Super Market, LLC (TCSM), when its existence was terminated by the state of Texas. Turbine Resources Unlimited filed and won a suit in a Texas state...

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Q: Why do companies need to be careful about whom they hire and

Why do companies need to be careful about whom they hire and how much they supervise or monitor their employees?

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Q: Lester Fulmer sold H2O Lifts and Ramps, LLC (H2O),

Lester Fulmer sold H2O Lifts and Ramps, LLC (H2O), to Hurt-Hoover Investments, LLC (HHI). HHI agreed to pay $550,000 of the price by a note in thirty-six installments. From the installments, HHI deduc...

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Q: Under what circumstances might a director’s sale of corporate property to himself

Under what circumstances might a director’s sale of corporate property to himself or herself be justified?

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Q: Hewlett-Packard Company (HP) monitored the phones of its

Hewlett-Packard Company (HP) monitored the phones of its directors to find the sources of leaks of company information to the media. When the government learned of the monitoring, criminal charges wer...

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Q: Why should shareholders be required to approve certain types of corporate actions

Why should shareholders be required to approve certain types of corporate actions?

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Q: Ian Bell loaned $250,000 to Bio Defense Corporation,

Ian Bell loaned $250,000 to Bio Defense Corporation, a waste management company in Massachusetts. Before Bell’s loan came due, Boston Local Development Corp. (BLDC) foreclosed on its own loan to Bio D...

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Q: Does the potential harm of allowing a creditor to repossess collateral on

Does the potential harm of allowing a creditor to repossess collateral on a debtor’s default, without going to court, outweigh the benefit? Discuss.

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Q: Define contract.

Define contract.

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