Naquin, Dubois, and Hoffpauir incorporated to form Air Engineered Systems and Services, Inc. Dubois became president and
Question:
Naquin, Dubois, and Hoffpauir incorporated to form Air Engineered Systems and Services, Inc. Dubois became president and Hoffpauir became secretary-treasurer. Naquin was employed by the company. Conflicts among the three caused a breakdown in the working relationship. Dubois and Hoffpauir offered Naquin $2,000 a month for 10 years for his share of the business if he would sign a noncompetition agreement. Naquin refused to sell until he could examine the corporate records. Dubois and Hoffpauir refused to allow Naquin to see the books until he signed the noncompetition agreement. Could Dubois and Hoffpauir attach such a condition to Naquin’s request? Explain. Naquin v. Air Engineered Systems and Services, Inc., 463 So.2d 992 (LA).
Step by Step Answer:
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys