Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Superman Corp has the right to sue the three partners since all that he knew was the contract between him and the company. Even

1. Superman Corp has the right to sue the three partners since all that he knew was the contract between him and the company. Even though he was contacted by the third partner who had not been authorized by the other two to engage in any trade dealings without their consent, he has to get his dues. The third person has the right to engage in the transaction since he is protected under the Law of Agency. As well, there is no written formal contract that will prove Dr. Howard Jr. was not supposed to oversee any transaction, and this will be a plus to the Superman Corp.

2. You and Frick have to wind up the business as they had planned since one of the partners is already dead. They cannot engage in a project when they are in the process of winding up the partnership since this will be a violation of the law. They have to notify all those that have been in contract with the company before this death that they partnership is being wound up since one of the partners has died and this is in line with the business law. Then, about the issues that could have been caused in the course of the Frack's death, the court will find it difficult to settle the matter since there are no people to testify. I will encourage the court to make a verdict that support Frack's estate ought not to be liable for the damage caused.

3. Now that Cruise Control is being held responsible for engaging in dealings that lead the business to the state of bankruptcy, he is indeed not supposed to be held accountable for the damage. In the case that he seeks a piece of advice from me, I will advise him to explain all that happened until the vehicle was constructed. In this perspective, he will have to explain the technical advice that he gave concerning the construction of a mid-engine vehicle that was swapped for the formulation of a rear engine one. He was to explain the dangers that are involved with the use of the rear engine vehicle as opposed to the other one. For that reason, he is not liable for the damages leading to bankruptcy given that he is a general partner.

4. All the incorporator have to be liable for the honest error that has been done. They have to have taken the right measures when formulating the de Jure Corporation so that their laws cannot be much flexible. Such a move could even help much wastage of the finance by the president who is seen to be using the corporation funds to finance his projects. If they fail to embody this aspect, it is inevitable that they will have to encounter these forms of problems in their future dealings. For that reason, they have to make rules that can bind them and eliminate any misuse of the organizational resources by any person.

5. The corporation will have to hold all the three top executive members liable for their action since they chose the wrong person to be their leader. They did not inspect the person well to ensure his worthiness in the position that he was elected to hold. In the first place, the person lacks the required qualifications to hold the office of the president since he lied the educational qualifications. Astonishingly, Viera will be held responsible despite voting against the election of Horshak as the president. It is because his dissenting vote was not recorded in the minutes of that meeting. Therefore, he cannot defend himself against the accusations and will be laid liable as his fellows.

7. Berk will be successful in the law courts since all that he does is inscribed with his name. According to the revelations of the business law, he has the ability lease the premises since, at the time that he was fired from the work, his former boss did not find it an issue to leave him to operate activities under his name. For that reason, it will be difficult for Taffer to win this case in the law court since he lacks the documentary evidence to prove all that he says is true.

Step by Step Solution

3.40 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

1 Dr Howard Jr is the personal liable for breach of contract as agreed between him and Superman Corp It is quite clear that he is acting on a probationary role Contrary to his position he decides to g... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
609910792bf0d_29367.pdf

180 KBs PDF File

Word file Icon
609910792bf0d_29367.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Enterprise

Authors: William B. Gartner; Marlene G. Bellamy

1st edition

978-0324130850, 324130856, 978-0324786552

More Books

Students also viewed these Accounting questions