What rules make fraioli liable or not liable and why

Assignment Help Business Management
Reference no: EM132349921

A vehicle driven by Michael O'Niell crashed while traveling on Louisiana Highway 30. Vanessa Savoy, a 19-year-old guest passenger in the vehicle, sustained severe injuries as a result of the collision. O'Niell, who was under the legal drinking age, had been drinking at Fred's Bar and Grill prior to the accident. Fred's Bar is owned by Triumvirate of Baton Rouge, Inc., a corporation. Marc Fraioli is the sole shareholder and president of Triumvirate. Savoy, through a legal representative, brought a lawsuit against O'Niell, O'Niell's automobile insurance company, Triumvirate, and Fraioli seeking damages for her injuries. Fraioli filed a Motion for Summary Judgment asserting that as a shareholder of Triumvirate Corporation, he was not liable for the corporation's debt. So was it ethical for Fraioli to assert the corporate shield to avoid liability in this case. Releasing Fraioli from liability will not release Triumvirate from its liability.

Should Fraioli be liable in the facts above? Why or why not? What rules make Fraioli liable or not liable and why?

Reference no: EM132349921

Questions Cloud

Profits is an inappropriate measure of damages : Tri-State admitted its breach but claimed that lost profits is an inappropriate measure of damages.
If altitude has such negative effects on the body : If altitude has such negative effects on the body, why are certain track and field records broken during competition at higher elevations?
Brother lemonade stand business : For my brother's lemonade stand business how needs to take steps to protect his valuable lemonade know-how from competitors
Nevada uniform commercial code : Is the Venetian's casino marker signed by Nehme a negotiable instrument under the Nevada Uniform Commercial Code? If not, why not?
What rules make fraioli liable or not liable and why : Should Fraioli be liable in the facts above? Why or why not? What rules make Fraioli liable or not liable and why?
Influences on the labor relations process : What are the major legislative influences on the labor relations process?
Identify the tax accounts of employers : What identification must an entity obtain to identify the tax accounts of employers, sole proprietors, corporations, partnerships, estates, trusts
What are the essential elements of a listing contract : Why should a real estate listing contract be in writing and what are the essential elements of a listing contract?
Lift the corporate veil : Is this a case in which the Courts would "lift the corporate veil"? Why or why not?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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