Manufacture artificial arms

Assignment Help Business Law and Ethics
Reference no: EM133472355

David Walker and Robert Hudson were best friends and business partners. They paid $500,000 in cash for an old warehouse. Later, they received an appointment as promoters for a new corporation that would manufacture artificial arms. The corporation needed a large production facility, and David and Robert sold the warehouse they owned for $800,000 worth of stocks in the new corporation once it was formed.

Later, the corporation was formed and the shareholders discovered just how much David and Robert had paid for the facility. How much of the $800,000 in stocks is the new corporation entitled to cancel if any. Discuss.

Reference no: EM133472355

Questions Cloud

Explain why the court determined that cynthia : Explain why the Court determined that Cynthia and her family's rights to privacy were or were not violated.
What are remaining victims of the michael davis dunn case : What are some follow up questions that could be asked to witnesses, the girlfriend, or the remaining victims of the Michael Davis Dunn case?
What is the one ethical dilemma that concerns you the most : What is the one ethical dilemma that concerns you the most as a leader preparing to implement a strategic change initiative?
Explain planning serves any useful purpose in life : Explain your opinion on whether planning serves any useful purpose in life and work to attain work and personal goals.
Manufacture artificial arms : David Walker and Robert Hudson were best friends and business partners. They paid $500,000 in cash for an old warehouse.
People develop through psychosocial stages : Erik Erikson believed that people develop through psychosocial stages, each stage affected by the resolution of the last stage.
What impact would this event have on the valuation : What impact would this event have on the valuation of the vehicle? See Treas. Reg. § 20.2053-3(d)(2).
What is status of gun ownership-violence in our 50 states : What is the status of gun ownership and violence in our 50 states. Explain why gun violence is increasing, what can be done by the the police to control.
Any protective clothing bought for climbing activity : any protective clothing bought for climbing activity is deductible (s8-1). Hilary's safety apparel, valued at $500, is thus deductible

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Write an abuseds declaration

The client's name is Severely Abused; her abuser is IM Abusive. Abused and Abusive have maintained a close personal relationship for the past 3 years.

  How would the new hires follow records management policy

How would you make the seminar interesting? How would it ensure that the new hires follow the records management policy?

  Is a universal code of ethics for global businesses needed

Is a universal Code of Ethics for global businesses needed and is it possible? Reading the case and putting yourself in the role of the product manager, what would your immediate gut reaction be

  What risks might a company encounter when encouraging

Tom Chappell created a spiritual framework for Tom's of Maine, a family-owned business. Can such a framework be created for a publicly traded company? What differences might there be in its effects?

  Warranties under sale of good act

H. Consider whether there has been a breach of one or more of the implied circumstances or warranties under the Sale of Good Act

  Anti cyber-squatting consumer protection act

Compare and contrast the facts in both cases. How was the Anti Cyber-squatting Consumer Protection Act applied in these cases?

  Voidable contracts versus unenforceable contracts

Voidable Contracts versus Unenforceable Contracts-Contract experiences paper Discuss the common contracts that you and your teammates have encountered in your personal and professional lives

  Identified and discussed mitigation measures for day-to-day

mitigation is defined as sustained action to reduce or eliminate risk to people and property from hazards and their

  Entrepreneurial mindset wanted to invest

Sim Tong and his with entrepreneurial mindset wanted to invest their life savings purchasing 15 acres of land.

  Examine the various types of criminal defenses

Prepare a 700-to 1,050-word case analysis in which you identify and examine the various types of criminal defenses that are used in criminal trials

  What would be least likely to meet the clients needs

What property would you suggest to your client that could best meet the client's needs? What would be least likely to meet the client's needs?

  Develop a foster grandparents program at an agency

You have been asked to develop a foster grandparents program at an agency. To be sure your program considers the correct parameters during developing.

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