Reference no: EM131387469
Arthur, Barbara, Carl, and Debra decided to form a corporation for bottling and selling apple cider. Arthur, Barbara, and Carl were to operate the business, while Debra was to supply the necessary capital but was to have no voice in the management. They went to Jane, a lawyer, who agreed to organize a corporation for them under the name A-B-C Inc., and paid her funds sufficient to accomplish the incorporation. Jane promised that the corporation would definitely be formed by May 3.
On April 27, Arthur telephoned Jane to inquire how the incorporation was progressing, and Jane said she had drafted the articles of incorporation and would send them to the secretary of state that very day. She assured Arthur that incorporation would occur before May 3. Relying on Jane's assurance, Arthur, with the approval of Barbara and Carl, on May 4 entered into a written contract with Grower for his entire apple crop.
The contract was executed by Arthur on behalf of ‘‘A-B-C Inc.'' Grower delivered the apples as agreed. Unknown to Arthur, Barbara, Carl, Debra, or Grower, the articles of incorporation were never filed, through Jane's negligence. The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?
|
?rms outputs in nash equilibrium of cournots model
: An industry contains two ?rms, one whose cost function is C(q1) = 30q1 and another whose cost function is C(q2) = q2 2. The inverse demand function for the ?rms’ output is P = 120 − Q, where Q is the total output. What are the ?rms’ outputs in a Nash..
|
|
Design the state diagram for a simple controller
: The lamp is turned off whenever the internal clock matches an internal register fLiteOffl that holds the time to turn the light off.
|
|
Manufacturing plant has the capacity to produce
: A manufacturing plant has the capacity to produce 1,000,000 widgets per year. Each sells for $20. The variable cost to produce each widget is $5 per widget. Annual operating costs are fixed regardless of production volume, and are $2,000,000 per year..
|
|
How do the programs work to reduce juvenile crime
: How do the programs work to reduce juvenile crime? What are the programs' major goals, objectives, and core beliefs? How do community-based programs address issues related to juvenile gang violence? What is the role of law enforcement in the progr..
|
|
What are growers rights if any against arthur
: The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?
|
|
What is rositas unlevered cost of capital
: FINC620- Rosita's has a cost of equity of 13.8% and a pre-tax cost of debt of 8.5%. The debt-equity ratio is .60 and the tax rate is .34. What is Rosita's unlevered cost of capital?
|
|
Examine your states policy on employment-at-will
: Imagine you are a recently-hired Chief Operating Officer (COO) in a midsize company preparing for an Initial Public Offering (IPO). You quickly discover multiple personnel problems that require your immediate attention.John posted a rant on his Fa..
|
|
How does the study of multiculturalism address key issues
: How does the study of multiculturalism address key issues and challenges in today's world? What have we learnt about the above topic? What are the main issues, and how did we understand these issues? We are expected to write critically and analytic..
|
|
What will the manufacturer labor costs
: A manufacturer's annual labor costs are currently $1.2M per year. Costs are expected to increase by 10% per year over the next six years due to added manpower. Inflation is estimated to be 5% per year over the next six years. What will the manufactur..
|