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For many years the Acme Company carried on business as a manufacturer of consumer products. In 1988, it embarked on an ambitious program of expansion that involved the·acquisition of a new plant and equipment. Financing was by way of real property mortgages, chattel mortgages, and conditional sales agreements, with very few internally-generated funds being used for the expansIon.
The general decline in demand for its product line as a result of the energy crisis 'and poor economic climate placed the company in serious financial difficulty by 1989. As a result of a failure to pay a trade account to one creditor, bankruptcy proceedings were instituted.
The trustee disposed of the assets of the company and drew up a list of the creditors entitled to share in the proceeds. His preliminary calculations were as follows:
Calculate the distribution of the funds to the various creditors and calculate the cents per dollar amount that the unsecured trade creditors would receive.
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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