will someone please help answer these questions.

1. Explain the difference between public and private corporations. 2. William Sharp was the sole shareholder and manager of Chickasaw Club, Inc., an S corporation that operated a popular nightelub of the same name in Columbus, Georgia. Sharp maintained a corporate checking account but paid the club's cmployees, suppliers, and entertainers in cash out of the club's proceeds. Sharp owned the property on which the club was located. He rented it to the club but made mortgage payments out of the club's proceeds and often paid other personal expenses with Chickasaw corporate funds. At 12:45 a.m. on July 31, eighteen-year-old Aubrey Lynn Pursley, who was alrendy intoxicated, entered the Chickasaw Club. Chickasaw employees did not check Pursley's identification to verify her age, as required by a city ordinance. Pursley drank more alcobol at Chickasaw and was visibly intoxicated when she left the club at 3:00am. with a beer in her hand. Shortly afterward, Pursley lost control of her car, struck a tree, and was killed. Joseph Dancause, Pursloy's stepfather, filed a tort lawsuit against Chickasaw Club and William Sharp. Using the information presented in the chapter, answer the following questions. a. Under what theory might the court in this case make an exception to the limited liability of shareholders and hold Sharp personally liable for the damages? What factors would be relevant to the court's decision? b. Suppose that Chickasaw's articles of incorporation failed to describe the corporation's purpose or management structure as required by state law. Would the court be likely to rule that Sharp is personally liable to Dancause on that basis? Why or why not? c. How would the court classify Chicknsaw Club, Inc-domestic or foreign, public, or private? 3. Cummings, Okawa, and Taft are recent college graduates who want to form a copporation to manufacture and sell personal computers. Peterson tells them be will set in motion the formation of their corporation. First, Peterson makes a contract with Owens for the parchase of a piece of land for $20,000. Owens does not know of the prospective corponate formation at the time the contract is signed. Second, Peterson makes a contract with Babeock to build a small plant on the property being purchased, Babcock's contmict is conditional on the corponation's formation. Peterson sectures all necessary capitalization and files the articles of incorporation. (See Formation and Fowers, Freincorporahion.) 4. Jennifer Hoffman took her cell phone to a store owned by R\&K Trading. Inc., for repairs. Later. Hoffman filed a suit in a New York state court against R\&K, Verizon Wireless, Inc,, and others, secking to recover damages for a variety of torts, including infliction of emotional distress and negligent hiring and supervision. She alleged that an R\&K employee, Keith Press. had examined her phone in a back room, accessed private plotos of her stored on her phone, and disseminated the photos to the public. Hoffman testified that "after the incident, she learned from Mereier Bus Law Homework Chapter 19 OAtty Lynn Snopek Mercier Gus taw Online another R\&K employee that personal information and pictures had been removed from the phones of other customers." Can R\&K be held liable for the torts of its employees? Explain. 5. Kit Kaboodle and two business associates formed a corporation called Computer Gurus Corp for the purpose of selling computer services. Kit owned 50 pertent of the corporate sbares and servod as the corporation's president (CEO). Kit needed to obtain a personal loan from his bank for $250,000, but the bank required the note to be cosigned by a 3Id party. Kit cosigned the note in the name of the corporation. Later, Kit defimited on the note and the bank sued the corporation for payment. The corporation asserted as a defense that Kit had exceeded bis authority when bo cosigned the note. Had he? Explain your answer. (Comporate powers. Directors and Offeers) 6. Bigs Corporation has an opportunity to buy stock in Carcy Inc. The directors of Bigs docide that, instead of Bigs buying the stock, the directors will buy it Samanthih a Bigs shantholdor. leams of the purchase and wians to sue the dirncton on Bigs's behalf. Can sho do in? Explain your answer in delail