Question
Max, an accountant, lent money to a company that was already indebted to her for services rendered.As security for the loan and to secure payment
Max, an accountant, lent money to a company that was already indebted to her for services rendered.As security for the loan and to secure payment for the services the company assigned to Max a portion of its expected recovery of a pending lawsuit.Max did not file a financing statement with regard to the assignment .Subsequently, Debra was awarded a judgment against the company in another lawsuit.Debra, without knowledge of the assignment to Max, had the sheriff levy against the company's property.At the sheriff's execution sale, all of the company's rights in the pending lawsuit were sold to Debra.When the lawsuit was settled, Max claimed rights to the proceeds.Is Max entitled to the proceeds of the lawsuit pursuant to her security interest?Explain.
Shaun has developed a floating dock made of plastic cubes that are connected suitably for use in lakes, rivers, and ocean harbors.Shaun asks Alex advice regarding the best method for making sure others do not copy the cubes.He also asks if there is a method for securing protection for the method of assembling the cubes together.What should Alex say to Mike?
Kim's grocery company is the third largest grocery chain in the L.A. market with 40.7 percent of sales.It wishes to merge with the sixth largest firm which has 12.8% percent of sales.Is this legal?Why or why not?
Which party, the employer or the employee, has the ultimate liability for torts that are the employee's rather than the employer's fault? How would your answer change if the tort by an employee was caused by the employer's improper instructions?
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