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Wayne signed a subscription agreement for one hundred shares of stock of the proposed ABC Company, at a price of $18 per share. Two weeks later, the company was incorporated in a state that has adopted the Revised Act. A certificate was duly tendered to Wayne, but he refused to accept it. He was notified of all shareholders' meetings, but he never attended. A dividend check was sent to him, but he returned it. ABC Company brings a legal action against Wayne to recover $1,800.
He defends on the ground that his subscription agreement was an unaccepted offer, that he had done nothing to ratify it, and that he was therefore not liable on it. Is he correct? Explain.
Explain the reason and justification for the sections of the Corporations Act - Advise KOI administration by phone and in writing as soon as possible, but no later than three (3) working days after the exam date, that they will be / were absent and..
Review the definitions that Dr. Patton offers for epistemology and ontology in the "Research Design" media segment. Review the definition of philosophy of science in the Learning Resources
Several recent studies have documented a "race to the bottom" in welfare benefit levels,- Why might a state respond to its neighbors' change in generosity?
Write a paper in which you analyze organizational behavior concepts associated with common managerial practices involved in day-to-day operations within criminal justice settings
Jack Tallas came to the United States from Greece in 1914. He lived in Salt Lake city for nearly 70 years, achieving great success in insurance and real state. During the last 14 years of his life his friend Peter Dementas helped him with numerous pe..
In 1250 - 1500 words (5-6 pages), identify your Congressional representatives at the national level. This includes both of your US Senators and your district member in the House of Representatives. If you need to, use Cedar Crest as your "home." I..
What are the alternatives or possible courses of action? Identify at least 3 alternatives. What are your recommendations? In other words, of the several alternatives you identified, what do you think the company should do
With clear citation of cases justify the constituency of incorporation
Is there a breach of contract under CISG? If there is a breach of contractwhat remedies are available? Would it matter if the Seller admitted that the error was not the ship's fault, but that of the Seller?
which crime robbery or extortion is more harmful to the victim of the crime?1.discuss the similarities and the
Can David now recover damages from Judy at the rate of $8 per ton for the coal thus purchased, amounting to $16,000?
When determining the legality of an exculpatory clause the court will consider whether the particular clause affects the public interest. Which of the below factors will most impress a court in favor of a ruling that a public interest is being af..
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