43252 When Jonah's paintings did not increase in value, he sued Theo for a violation of the securities laws. Were these paintings securities?
Jonah bought 12 paintings from Theo's Art Gallery at a total cost of $1 million. Theo told Jonah that the paintings were a safe investment that could only go up in value. (If anyone ever tells you that, run!) The gallery permitted purchasers to trade in a painting in return for any other artwork the gallery owned. In the trade-in, the purchaser wou...
Suppose that Internet Start-up, Inc., has 2.8 million shares outstanding and eight directors. Without cumulative voting, how many shares would you have to purchase to be sure of electing yourself to the board? If the company's charter required cumulative voting, how many shares would you have to buy to achieve this goal?
You are about to form a corporation. What do you have to do before filling out the form? Which provisions are boilerplate and, therefore, do not require special effort on your part?
Mark and Shania are students who also have a business on the side selling baskets of fruit and vegetables that are cut to look like flowers. They advertise that all ingredients are organic. One day, Mark is in a hurry, and instead of driving across town to the organic food co-op, he purchases ingredients from the closest grocery store, Unsafeway. H...
43247 Pete was dismissed after revealing on his Facebook page that he was using marijuana (illegally). Has the company acted in accordance with the law?
To ensure that its employees did not use illegal drugs in or outside the work-place, Marvel Grocery Store required all employees to take a polygraph exam. Moreover, managers began to check employees’ Facebook pages for reference to drug use. Jagger was fired for refusing to take the polygraph test. Pete was dismissed after revealing on his Facebook...