Week 14 - Short Essays

Question I -Paul is the sole incorporator of Hemp Co., a company that processes hemp into clothing.Prior to incorporation, Paul enters into a contract on Hemp Co.'s behalf with a local farmer for the purchase of the crop.After formation of the corporation, the board does not ratify the contract because Paul bought the crop at 3 times the market price. Who is liable to the farmer?

Question II - Tina Technology is looking to raise $85,000 worth of capital, and she is looking to raise that money through the internet and still fall under an SEC exemption. How should Tina go about raising that money? Due to the amount of capital she is looking to raise, will Tina be subject to any other special requirements?

Requirements:

• There is no minimum or maximum required number of pages. Your analysis will be considered complete, if it addresses each of the 2 components outlined above.
• Use of proper APA formatting and citations. If supportingevidence from outsideresources is used those must be properly cited. A minimum of 7 sources (excluding the course textbook) from scholarly articles or business periodicals is required.
• Include your best critical thinking and analysis to arrive at your justification.

Submission:Upload/attach your completed paper to this assignment by the due date.