Reference no: EM133458649
Theo Karamazov is a businessman based in New York. Theo runs a trading business through his extensive global contacts. He makes most of his money trading in timber, negotiating contracts to bring wood from around the world to the United States for construction. In the last two years, Theo has expanded his business into providing firewood, primarily from Europe to countries in the Middle East, primarily through the UAE. Theo has four sons: Mitya, Ivan, Alex, and Paul. Mitya is his son from his first wife, who died in childbirth. Mitya's mother was very wealthy, and Theo used her money after her death to start his trading business. Mitya spent 8 years in the US Army, deployed primarily in Iraq and Afghanistan, after he volunteered at 18. Since he returned to New York last year, Mitya has been unemployed, but refuses to work for his father; instead, he regularly demands that Theo pay him "what he is owed" from his mother's money. Other than these demands, Mitya refuses to speak to Theo. Ivan and Alex are Theo's sons from his second wife. Their mother divorced Theo when Ivan and Alex were five and three years old, respectively. Theo won custody of the boys who then never saw their mother again. Ivan went to university to study business. Ivan came up with the idea for Theo to expand his business into firewood and recently moved to the UAE to set up a branch office. Alex studied philosophy at university and is employed as a social worker in New York, helping drug addicts get over their addictions. Alex is the only one of the brothers who speaks to everyone in the family, including Theo. Everyone in the family likes, trusts, and respects him. Paul is Theo's son from a woman who lived in Theo's neighborhood in New York, but they were never married. Nevertheless, Theo brought Paul into his home to live and later work. Though he never went to university, Paul, the youngest of the four brothers, helps Theo do everything, from running the day-to-day business to taking care of his personal needs, like grocery shopping and doctor's appointments.
1. Solve for secured transactions using IRAC Method Analysis. Explain.
2. Solve for securities Law using IRAC Method of Analysis. Explain.
3. Solve using Bankruptcy using IRAC Method of Analysis. Explain.