Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Law You are a supplier of widgets, and your company has supplied over $100,000 in widgets to Company A over the past year. Your

Business Law

image text in transcribed
You are a supplier of widgets, and your company has supplied over $100,000 in widgets to Company A over the past year. Your invoices remain unpaid and you have attempted to make contact with the owners and you have been ignored and have not received payment to date. You learn that the 3 owners, Adam, Barbara, and Charley, have been having a great lavish time while telling you they were unable to pay you! You find out that Adam has bought a boat by having the company make payments toward the boat for his personal use. You find out that Barbara has been depositing business checks from their clients into her own personal account to divert that money from the company's bank. A. What are some claims you could raise against Company A, and anyone else specifically, for the mishandling of the company funds? Explain and support your claims against each responsible party to support your answer(s). B. What other options could you pursue to collect on the money owed to your company, explain why and against who

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Law questions

Question

=+b) Identify all the factor levels.

Answered: 1 week ago