Leon, a CPA, prepares a financial statement for Pomona Corona Company LLP $($PC$)$ a client knowing PC will use the statement to obtain a loan from Pomona Fifth Federal Bank. Leon makes negligent omissions in the statement that result in a loss to the bank. What law applies?

Kim, Ho$,$ and Lee form a limited liability company. Kim contributes $60\%$ of the capital and Ho and Lee each contribute $20\%.$ Nothing is decided about how profits will be divided although Kim assumes she will be entitled to $60\%$ in accordance with her contributions. Ho and Lee, however, disagree assuming that the profits will be divided equally and ultimately a court must decide the issue. What law would the court apply in most states?

Upland Industries Corporation is negotiating with Lopez Construction Co$.$ for the renovation of Upland Industries corporate headquarters. Leon Lopez is also one of the five Board of Directors of Upland Industries. The contract terms are standard for this type of contract. Leon has previously informed two of the other directors of his ownership interest in Lopez Construction. The Upland Industries Board approves the contract by a three to two vote with Leon voting with the majority. Which law applies?

Lena is the owner of Pomona Cosmetics Company and employees Linda as an administrative assistant. In Lena's absence$,$ and without authority, Linda represents herself as Lena and signs a promissory note in Lena's name. What law applies?