Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jonathan Devereaux owned and operated a very successful eating establishment in New Orleans. He incorporated his business under the name Café de Devereaux. Jonathan was the sole shareholder, officer and director of Café de Devereaux, a Delaware corporation. Devereaux handled all of the financial matters for Café de Devereaux. He ordered all of the supplies and paid all the vendors. French Fromage supplied Café de Devereaux with imported cheeses, truffles and dairy products for the restaurant on a daily basis. Devereaux became substantially behind in paying French Fromage for cheese delivered to Café de Devereaux, French Fromage threatened to cut off Café's credit and sue for payment. Devereaux promised French Fromage that Café would pay the outstanding debt of $125,000. French Fromage and Café de Devereaux entered into a settlement agreement requiring Café de Devereaux to pay the outstanding debt within 30 days. It turned out that Devereaux was using Café's corporate funds to pay for various personal expenditures including renovations to his home, hair implants, a skiing vacation and gambling expenses. At the time Café was not paying its debt to French Fromage, Devereaux withdrew at least $170,000 from Café's bank accounts. French Fromage went to court and obtained a judgment in the amount of $125,000 against Bistro. However, before the court entered the judgment, Devereaux formed a new corporation called Devereaux Bistro, and now operates his restaurant business at a new location directly across the street from the now shuttered Café de Devereaux. Café de Devereaux no longer has any assets. Devereaux owns 51% of the stock in Devereaux Bistro, and is a director and its President. Devereaux's wife owns the remaining 49 % of the stock. Devereaux conducts the business of Devereaux Bistro with furnishings, kitchen equipment and inventory from Café de Devereaux. French Fromage sues Devereaux and Devereaux Bistro for the $125,000 judgment that it obtained against Café de Devereaux. French Fromage asks the court to treat Devereaux and Devereaux Bistro as if they were the same as Café de Devereaux , and to hold Devereaux and Devereaux Bistro liable for Café de Devereaux's debt.
Discuss the legal theories under which French Fromage may claim Devereaux is personally liable for the corporate debt of Cafe de Devereaux . Can Devereaux Bistro be held liable for the debts of Café de Devereaux? Fully explain your answers and the legal theories applied. Discuss the legal theories under which French Fromage may claim Devereaux is personally liable for the corporate debt of Café de Devereaux . Can Devereaux Bistro be held liable for the debts of Café de Devereaux? Fully explain your answers and the legal theories applied.
Describe in general terms, how you think the distribution system, for McDonald's works.
Why is IT sourcing growing so rapidly? What do IT managers need to consider when considering whether or not to outsource?
In the book “Organizational Behavior”, Stephen P. Robbins and Timothy A. Judge list 10 characteristics of organizational culture. Which one of the following does not belong to this list? Top management commitment is crucial to project managers. Which..
One of your friends is preparing to open a store that will sell clothing and fashionable accessories. When you heard that the business would have three or four employees, you told your friend that she would need to pay careful attention to separation..
A produce distributor uses 720 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
An important part of the service model is the distribution of supplementary services through physical or electronic channels of distribution. Within human resource management, the channels of distribution are quite different from traditional chann..
Can you think of an existing product that has been repositioned by finding a new market with a different need than the original product? Think of Croc's Shoes, for example. They repositioned from a casual, fun shoe to a practical work shoe for nurses..
Create a research paper that discusses how one company (of your choice) illustrates social responsibility in its environment.
In a political system that values religious freedom, how can radical religious extremism be mitigated? Explain your ideas.
Compare and contrast two leadership theories/styles (Transactional, Transformational, Charismatic, Servant, and Situational Leadership). do this by describing the similarities and differences between two leadership theories/styles, defining the leade..
How are damages for injuries or loss of life determined under Worker's Compensation laws? Would employees be better off to sue under tort law? Why or why not?
What do you think is the main reason for the large disparity in the enrollment of women in full-time MBA programs versus enrollment in medical and law school programs?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd