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Equivest, a partnership, owned 10,000 shares of Altec International, Inc. Equivest pledged these shares to secure loans by Lloyds Bank. Sometime after pledging the stock, Equivest transferred beneficial ownership of 350 shares of Altec stock to Thorn Hoffman and 350 shares to John Erikson. Thereafter, in 1988, Altec elected to be treated as a Subchapter S corporation, which necessitated that shareholders return their old stock certificates in exchange for new stock certificates. Neither Erikson nor Hoffman had certificates to return because their stock had been pledged by Equivest to Lloyds Bank. Altec had knowledge that Erikson and Hoffman were the beneficial owners of 700 shares of Altec stock. However, Altec distributed cash dividends to Equi- vest, the registered owner of the 10,000 shares during the period from 1988 until March 14, 1990. Equivest defaulted on its loan to Lloyds Bank and Lloyds sold all of the pledged stock, including Hoffman’s and Erikson’s 700 shares, at public auction. Hoffman and Erikson contend that Altec should have made all cash distributions to them as shareholders, not Equivest. Altec contends that it complied with the UCC by making distributions to the owner of record. Do you think the distribution should have gone to Hoffman and Erikson or to Equivest? [Hoffman v. Altec Int’l Inc., 546 N.W.2d 162 (Wis. App.)]
Suppose a "lean" work center is being operated with a container size of 25 units and a demand rate of 100 units per hour. Also assume it takes 180 minutes lead time to fulfill a downstreamcontainer request. Using the integer from part A, what is the ..
As part of your MBA course, you are studying HRM and also had a class in Research Methods/Quantitative Analysis (let's assume this). He mentioned to you that he is currently developing a couple of tests to give to the internal candidates about the co..
What type of business strategy best describe the following? Citigroup recently sold its EMI Group Ltd. music company. Nestle S.A. recently acquired CM&D Pharma Ltd., the first move by Nestle to sell foods that target diseases. Caterpillar recently ac..
AirPlains Airline is a new airline company that maintains a schedule of two daily flights each way between Salt Lake City, Denver, and Chicago. AirPlains Airline must strategically position itself as a low-cost provider in a volatile industry. you wi..
The average demand is equal. what is the reorder point.
being negotiated between the manufacturer and the buyer. Which acceptance number is most desirable from the manufacturer's viewpoint
what is the probability that there are more than three trucks in the system at any given time?
The demand for airline travel is quite sensitive to price. Typically, there is an inverse relationship between demand and price;
What is change? With examples, explain 4 reasons why healthcare organizations might implement change?
As a project manager, describe your approach to managing conflict within a team. How would you approach resolving a personality conflict within a team?
A Kano model classifies product attributes based on how they are perceived by customers and their effect on customer satisfaction.
Before losing communications, you received an update weather advisory concerning the severity and duration of the storm.
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