Question
Parties MITCHELL MOOT and CYNTHIA MOOT, and PHILLIP MOOT( now deceased), were officers, managers, directors, and/or shareholders of HOLIDAY DECORATION CO.,INC., ...MITCHELL MOOT and CYNTHIA
Parties
MITCHELL MOOT and CYNTHIA MOOT, and PHILLIP MOOT( now deceased), were officers, managers, directors, and/or shareholders of HOLIDAY DECORATION CO.,INC., ...MITCHELL MOOT and CYNTHIA MOOT, furthermore remains such to date. MITCHELL MOOT is the son of the late Phillip Moot.MITCHELL MOOT and CYNTHIA MOOT have managed and continue to manage the business operations of , HOLIDAY DECORATION CO.,INC..MITCHELL MOOT, CYNTHIA MOOT,AND PHILLIP MOOT and HOLIDAY DECORATION CO.,INC.resided and/or conducted business at all times relevant herein in Bayonne, New Jersey.HOLIDAY DECORATION CO.,INC., and HOLIDAY INTERNET INC. , are corporations formed under and existing by virtue of the laws of the State of New Jersey and/or authorized to engage in business in the State of New Jersey, with principal offices at 750 Broadway, Bayonne, New Jersey 07002. HOLIDAY INTERNET INC was incorporated by Mitchell Moot in 2016. NANCY MOOT and her husband RALPH MOOT,(now deceased), and PHILLIP MOOT and CYNTHIA MOOT, were the owners of all of the issued and outstanding common stock of Defendant, HOLIDAY DECORATION CO., and the officers and directors of the aforesaid corporation until August 1, 2016. OPERATIVE FACTSOn July 15, 2016, , NANCY MOOT, RALPH MOOT , , HOLIDAY DECORATION CO.,INC., and Phillip MOOT and Cynthia MOOT agreed for valuable consideration, among other things, as follows (the "Agreement"):(a) , NANCY MOOT and her husband RALPH MOOT, now deceased, agreed to retire from their positions as officers, directors and employees of the Defendant, HOLIDAY DECORATION CO.,INC. and exchange with the Defendant, HOLIDAY DECORATION CO.,INC. all of their common stock, (50 shares), in HOLIDAY DECORATION CO.,INC for 1,000 shares of non-voting stock of Defendant, HOLIDAY DECORATION CO.,INC, said 1000 shares reflecting the ownership and interest of RALPH MOOT and NANCY MOOT in 40% of the HOLIDAY DECORATION CO.,INC which interest would be preferred in regard to the priority of distribution of net proceeds of the aforesaid corporation and its assets, Net
proceeds being defined as gross proceeds less only those expenses and obligations existing on the books of the aforesaid corporation as of August 1, 2016. and(b) Defendant HOLIDAY DECORATION CO.,INC and , MOOTs, agreed to arrange for and pay henceforth throughout the life of RALPH MOOT the premium on a policy of life insurance on the life of Ralph MOOT in the face amount of $150,000.00, and to maintain said policy throughout his life, the beneficiary of said life insurance policy to be , NANCY MOOT; and(c) HOLIDAY DECORATION CO.,INC and , MOOTs, agreed to a pension plan effective August 1, 2016 and pay pursuant to said pension plan, during the lives of Ralph MOOT and , NANCY MOOT, until the death of the survivor of Ralph MOOT and NANCY MOOT, i) $350.00 per week henceforth to Ralph MOOT and NANCY MOOT or the survivor of same and ii) $5,000.00 during each month of February, henceforth, to Ralph MOOT and NANCY MOOT or the survivor of same. The partners in the business had broken up due to various reasons including allegations that Ralph Moot had stabbed Phillip Moot and caused injuries in 2012... And allegations that Phillip Moot had embezzled proceeds from the business back in 2012 in the amount of $200,000.In reliance on and in accordance with the Agreement, , NANCY MOOT and Ralph MOOT exchanged their shares of stock and resigned as officers, directors and employees of Defendant, HOLIDAY DECORATION CO.,INC . effective August 1, 20 16. ==========PHILLIP MOOT, MITCHELL MOOT and CYNTHIA MOOT, have been at all times relevant herein officers, directors, Managers, and employees of Defendant, HOLIDAY DECORATION CO.,INC .and have been and are responsible for the operation of said defendant corporation and management of the assets, books, records and accounts of the corporation., HOLIDAY DECORATION CO.,INC., MITCHELL MOOT and CYNTHIA MOOT, did conduct the business of Defendant, HOLIDAY DECORATION CO., INC , in various forms and manifestations and under various names including doing business as a separate corporation, HOLIDAY INTERNET CORP.. More specifically Mitchell Moot and Cynthia Moot did start engaging in an ON-LINE form of the business under the name of HOLIDAY INTERNET CORP (INSTEAD OF THE ORIGINAL BRICK AND MORTAR form of the business under the corporation of HOLOIDAY DECORATION, INC. and did transfer all customer lists and good will to same. HOLIDAY DECORATION CO.,INC., MITCHELL MOOT and CYNTHIA MOOT, " did transfer assets of HOLIDAY DECORATION CO.,INC. to HOLIDAY INTERNET CORP in December 2016. HOLIDAY DECORATION CO.,INC., MITCHELL MOOT and CYNTHIA MOOT, did transfer business and economic opportunities of HOLIDAY DECORATION CO.,INC. to , HOLIDAY INTERNET CORP., and did conduct business of , HOLIDAY DECORATION CO.,INC. in such a manner as to benefit ,MITCHELL MOOT and CYNTHIA MOOT, and HOLIDAY INTERNET CORP., and it's shareholders since December 2016HOLIDAY DECORATION CO.,INC., ESTATE OF PHILLIP MOOT, MITCHELL MOOT and CYNTHIA MOOT did stop paying premiums on the life insurance policy for Ralph Moot in December 2016
Ralph Moot did die January 2017, subsequent to the aforesaid agreement, and, but for the aforesaid stopping of premium payments, the agreed upon policy of life insurance in the amount of $150,000.00 would have been payable to , NANCY MOOT as beneficiary . HOLIDAY DECORATION CO.,INC., ESTATE OF PHILLIP MOOT, MITCHELL MOOT and CYNTHIA MOOT, stopped paying a pension of $350.00 per week to Ralph MOOT and NANCY MOOT after six months. HOLIDAY DECORATION CO.,INC., ESTATE OF PHILLIP MOOT, MITCHELL MOOT and CYNTHIA MOOT, stopped paying any profits from Holiday Decorations Co., Inc to Ralph MOOT and NANCY MOOT as of December 2016 and in fact the profits from Holiday Decorations dropped by 90% when the online business of HOLIDAY INTERNET INC was started and the HOLIDAY INTERNET INC developed an immediate similar business and profit base as HOLIDAY DECORATIONS previously had..HOLIDAY DECORATION CO.,INC., ESTATE OF PHILLIP MOOT, MITCHELL MOOT and CYNTHIA MOOT refused to pay any proceeds from the new internet business of HOLIDAY INTERNET INC to Ralph MOOT and NANCY MOOT .Mitchell Moot, the son of the late Phillip Moot, largely now ran the business. However he claimed that the business of HOLIDAY DECORATIONS INC had simply dried up, and that HOLIDAY INTERNET INC was allegedly losing money because of all the salaries, costs and other alleged expenditures. Interesting enough the ads for HOLIDAY INTERNET INC refer to the years of business experience as Holiday Decorations Inc and even lists a common telephone number and office address. Mitchell Moot has indicated he might be entering bankruptcy as to HOLIDAY DECORATION INC.===============================
1) Name all causes of actions
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