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this questions are for business law Students but the most similar topic is this one so that's why I choose it please do it with
this questions are for business law Students but the most similar topic is this one so that's why I choose it please do it with explanations
Fact 1.
Mr. Blah and Mrs. Bleh, are friends and they met at university when they were studying Business Law at University. They share a passion for virtual reality and virtual games. After completing their studies, they decided to start up a new business based on Mr. Blah's idea regarding a virtual reality without glasses. Mr. Blah's idea consists of a very powerful projector with a lot of speakers of different sizes and overall software that changes the video and the involving sound taking into account upon user's viewing. There is also a very incipient augmented virtual reality.
Mrs. Bleh, jointly with Mr. Blah, raised the necessary fund for kicking off the project. Mrs. Bleh's family and friends let her 100.000 euro meanwhile, Mr. Blah's family and friends let him 20.000 euro.
The first prototype had a cost of 110.000 euros and it took nearly 1 year of working. During this first year, Mrs. Bleh and Mr. Bla did not have a salary and they have been involved in this project, with other classmates, to whom they paid occasionally. Most of the funds have been applied to pay components and software developers.
Mrs. Bleh has contacted a Japanese company which is very interested to buy the new projector. The Japanese company's director has come to Barcelona to have his own experience with the prototype and finally, he has ordered 6 projectors.
Fact 2.
Mrs. Bleh's father recommended founding a new company and at the same time agreed on the delivery of another 6 projectors, this time the customer is a French company. To run the new job and update the software, they need 200,000 euros, but they can no longer squeeze their family and friends. Ms. Bleh has met two adventure capital funds that have informed Ms. Bleh of their interest in investing in their company but have asked her for a profit and loss forecast, at least for the next 2 years. She sent them the following predictions:
Fact 3.
Mrs. Bleh and Mr. Blah had a sharp argument over how the project should be carried out at this stage. This argument ended with Mr. Blah slamming the door and starting a similar project on his own. On his way out he dragged the software development team with him.
1. Can Mr. Blah start a new business using all the background he has learned during his previous experience?
2. Should Mr. Blah demand compensation?
3. Should Mr Blah ask Ms Bleh to buy his shares? In other words, is Ms. Bleh obligated to buy Mr. Blah's shares?
4. In his resignation message, he wrote:
Dear Ms. Bleh, I am writing you this message to inform you of my resignation as a director of our company. I am fed up with you and your narcissism, you are wasting your time on instagram and chatting all the time, you are not running the business, you are excuses, if you are in charge of a task, it is me or one of my employees, who has to do it for you. I have insisted on several occasions that you work and assume your obligations as director, is it not enough to walk around the office and be on the phone all the time. I asked you to take care of the banks and finally the banks are calling me because you haven't answered them.
He also sent the message to all employees. Would you recommend Mrs. Bleh to sue Mr. Blah?
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Multinational Financial Management
Authors: Shapiro A.C.
9th International Edition
8126536934, 9788126536931
