Legal environment of business

Assignment Help Business Management

Reference no: EM132419268

Assignment

1. Jose Pena and Joseph Antenucci were medical doctors who were partners in a medical practice. Both doctors treated Elaine Zuckerman during her pregnancy. Her son, Daniel Zuckerman, was born with severe physical problems. Elaine, as Daniel's mother and natural guardian, brought a medical malpractice suit against both doctors. The jury found that Pena was guilty of medical malpractice but that Antenucci was not. The amount of the verdict totaled $4 million. The trial court entered judgment against Pena but not against Antenucci. Plaintiff Zuckerman made a post-trial motion for judgment against both defendants. Is Antenucci jointly and severally liable for the medical malpractice of his partner, Pena? Explain your answer.

2. Jennifer, Martin, and Edsel form a limited liability company called Big Apple, LLC, to operate a bar in New York City. Jennifer, Martin, and Edsel are member-managers of the LLC. One of Jennifer's jobs as a member-manager is to drive the LLC's truck and pick up certain items of supply for the bar each Wednesday. On the way back to the bar one Wednesday after picking up the supplies for that week, Jennifer negligently runs over a pedestrian, Tilly Tourismo, on a street in Times Square. Tilly is severely injured and sues Big Apple, LLC, Jennifer, Martin, and Edsel to recover monetary damages for her injuries. Who is liable? Explain your answer.

3. Joseph M. Billy was an employee of the USM Corporation (USM), a publicly held corporation. Billy was at work when a 4,600-pound ram from a vertical boring mill broke loose and crushed him to death. Billy's widow sued, alleging that the accident was caused by certain defects in the manufacture and design of the vertical boring mill and the two moving parts directly involved in the accident, a metal lifting arm and the 4,600-pound ram. If Mrs. Billy's suit is successful, can the shareholders of USM be held personally liable for any judgment against USM? Explain your answer.

4. The McDonald Investment Company was a corporation organized and incorporated in the state of Minnesota. The principal and only place of business from which the company conducted operations was Rush City, Minnesota. More than 80 percent of the company's assets were located in Minnesota, and more than 80 percent of its income was derived from Minnesota. McDonald sold securities to Minnesota residents only. The proceeds from the sale were used entirely to make loans and other investments in real estate and other assets located outside the state of Minnesota. The company did not file a registration statement with the SEC. Does this offering qualify for an intrastate offering exemption from registration? Explain your answer.

Reference no: EM132419268

Questions Cloud

One of the most important aspects of the strategy : You've done some great research and brought up some good ideas to implement in the presentation, One of the most important aspects of the strategy.

Are you motivated to succeed in business : Are you motivated to succeed in business? Explain why the opportunity is promising. Describe the products and services you plan to offer (one slide).

Interview questions-create climate for communication : Explain the purpose of your interview to the person you will be interviewing. Create a climate for communication.

Boundary spanning- connecting tactic : Choose one of the connecting tactics from your reading in Chapter 6 of the text and explain how you would apply this to a past or present experience.

Legal environment of business : Jose Pena and Joseph Antenucci were medical doctors who were partners in a medical practice. Both doctors treated Elaine Zuckerman during her pregnancy.

Reflect the relative value of football and humanities : Do the relative salaries of humanities professors and football coaches at major state universities reflect the relative value of football and humanities?

Under the broad category of environment science : What disciplines fall under the broad category of Environment Science? Describe key aspects of each and how they might relate to you.

Computing the trade discount : List price of $2,300 and trade discount of 40 percent. List price of $3,500 and trade discounts of 25 and 15 percent.

Determine superd capital structure weights : Determine SuperD's capital structure weights on a market value basis. Compute the weighted average cost of capital (WACC) of SuperD Corporation.

User Account

All Pages