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Wilco, a duly formed corporation, is 100% owned by Will Clanton; he started the corporation with an investment of $50,000. Clanton is the sole shareholder of the corporation as is permitted under the laws of the corporation's jurisdiction. Wilco is engaged in the business of operating self-service wash centers known as Wash-All, which cater to people who do not own laundry machines. Over the years, Wash-All locations have proven very successful and Clanton has amassed a significant personal fortune. Wilco leases its business locations from individual property owners on long term leases.
Business has recently suffered a downturn in some of Wilco's locations. Wilco has defaulted on the lease at the Beech Street location. The lease is held by Leaseco, who your firm is representing in an action against Wilco. The discovery process revealed that Clanton is using the same account to pay Wilco that they use to pay personal credit cards.
What liability Clanton, if any, has personally in the Leaseco v. Wilco action for default on the lease?
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
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It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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