Federal court exercise jurisdiction over the parties

Assignment Help Management Theories
Reference no: EM131660566

Question: Limited Liability Companies. Joe, a resident of New Jersey, wants to open a restaurant. He asks Kay, his friend, an experienced attorney and a New Yorker, for her business and legal advice in exchange for a 20 percent ownership interest in the restaurant. Kay helps Joe negotiate a lease for the restaurant premises and advises Joe to organize the business as a limited liability company (LLC). Joe forms Café Olé, LLC, and, with Kay's help, obtains financing. Then, the night before the restaurant opens, Joe tells Kay that he is "cutting her out of the deal." The restaurant proves to be a success. Kay wants to file a suit in a federal district court against Joe and the LLC. Can a federal court exercise jurisdiction over the parties based on diversity of citizenship? Explain.

Reference no: EM131660566

Questions Cloud

Calculate the percentage utilization of the graduate student : Calculate the percentage utilization of the graduate student. Calculate the average number of students in the system, excluding the graduate student service.
Describe the impact on dro of the change in returns : Are net sales or average receivables primarily driving the Y1-Y2 change in DRO? Describe the impact on DRO of the change in returns.
Conduct a personal interview with a current or past manager : Conduct a phone or personal interview with a current or past manager. The write up should be between three to five pages in length, and all sources used need.
Discuss why is it important to clinical studies : Form a PICO question that you will use for your change project. Include each element of the PICO
Federal court exercise jurisdiction over the parties : Limited Liability Companies. Joe, a resident of New Jersey, wants to open a restaurant. He asks Kay, his friend, an experienced attorney and a New Yorker.
Determine net income for the month of april : Determine net income for the month of April. Two-Wheeler incurred and paid $100 for rent and $50 for miscellaneous expenses during April
Different classifications of projects based on technology : How project management success defined and what is are the six factors for success? Describe the three different classifications of projects based on technology
Do interruptions increase the risk for medication errors : The night short term rehab nurse in a nursing home setting has a 42:1 ratio. With 42 patients distractions occur frequently
Discuss case of the-foreign limited liability companies : Foreign Limited Liability Companies. Walter Matjasich and Cary Hanson organized Capital Care, LLC, in Utah. Capital Care operated, and Matjasich.

Reviews

Write a Review

Management Theories Questions & Answers

  Create an erd from the information described

A particular event will use only one location, but a location may be used for multiple events. SportTech asks you to create an ERD from the information described here.

  Analyze the benefits and shortcomings of labeling an idea

Analyze the benefits and shortcomings of labeling an idea, organization, or person as a liberal or conservative, and apply these benefits or shortcomings to what you see happening today with an example

  How should cindy react in this situation

How should Cindy react in this situation? Is it Cindy's place to step in and say anything, or should she stay out of the situation all together

  List the nine mission statement components

Define "reconciliatory" and give an example of how this "characteristic" can be met in a mission statement.

  Each consumer of medical services has slightly different

Each consumer of medical services has slightly different needs. Think about your own needs with regard to medical services and those of your family. Research the plan options that are available to you and choose a plan that best meets your needs.

  An assistant manager of a marketing department

After graduating from school, you are fortunate to receive an offer as an assistant manager of a marketing department in a company located in New York City, working for a fast-growing company that provides marketing support for companies. Your depart..

  How much debt does starbucks have

How much debt does Starbucks have? Is the amount of debt high? How do we know if it is considered high? What is the difference between an annual report and a 10-k

  Suppose the tigers print programs for a series at a time

Suppose the Tigers print programs for a series at a time. A three game weekend series with the Yankees is expected to draw 50,000 fans per game.

  What would be a stretch assignment

What would be a stretch assignment for you, and why would it be considered that? How could this be part of your own development plan and who would you need to support you to make it happen?  (How/what type of specific support would you need?)

  Calculate the mass of oxygen gas

Calculate the mass of oxygen gas

  Discuss the validity of each claim

Arnold died some time later, and the deed and will were found in his safe. Burton, Connie, and Ernest claim the farm, and Donna claims dower. Discuss the validity of each claim.

  Consider the current situation and prevailing political

Consider the current situation and prevailing political and economic conditions in Brazil, a BRIC country. As a manager who has been considering investment in Rio de Janeiro, how do you assess the political and economic risks at this time?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd