Can oahe enterprises recover the shortfall

Assignment Help Management Theories

Reference no: EM131387432

Oahe Enterprises was formed by the efforts of Emmick, who acted as a promoter and contributed shares of Colonial Manors, Inc. (CM), stock in exchange for stock in Oahe. The CM stock had been valued by CM's directors for internal stock option purposes at $19 per share.

However, one month prior to Emmick's incorporation of Oahe Enterprises, CM's board reduced the stock value to $9.50 per share.

Although Emmick knew of this reduction before the meeting to form Oahe Enterprises, he did not disclose this information to the Morrises, the other shareholders of the new corporation. Can Oahe Enterprises recover the shortfall?

Reference no: EM131387432

Questions Cloud

Explain should the injunction be issued : Burke now seeks to enjoin the secretary of state from revoking its authority to do business in Arkansas. Should the injunction be issued? Explain.

Identify potential points of conflict or concern : Outline specific points to be addressed in the company's corporate code of conduct. Identify potential points of conflict or concern and provide a recommendation for resolving the conflict or concern. Justify your points.

What is the herfindahl-hirschman index for widget industry : The widget industry is comprised of six firms of varying sizes. Firm 1 has 35 percent of the market. Firm 2 has 25 percent, and the remaining firms have 10 percent each. What is the Herfindahl-Hirschman index for the widget industry? Based on the U.S..

Are ellison and oxley liable and why : The creditors of Little Switzerland brought suit against Ellison and Oxley to recover the money owed under the subscription agreements. Are Ellison and Oxley liable? Why?

Can oahe enterprises recover the shortfall : Although Emmick knew of this reduction before the meeting to form Oahe Enterprises, he did not disclose this information to the Morrises, the other shareholders of the new corporation. Can Oahe Enterprises recover the shortfall?

Draw the analogous curves for water : Employ a container with periodic boundary conditions. The latter might be difficult in practice but could be feasible in the world one can simulate with computers

Create a visual aid for each of the sets of raw numbers : Developing the ability to transform a set of raw numbers, statistics, and data into an attention-grabbing and engaging visual aid that emphasizes key points can be a challenging, but worthwhile, exercise. There are a number of useful resources to ..

Can ibm hold cranson personally liable for the balance due : Between May 1 and November 8, the ‘‘corporation'' purchased eight computers from IBM. The corporation made only partial payment. Can IBM hold Cranson personally liable for the balance due? Explain.

Fixed versus floating exchange rates : In Israel, the exchange rate is determined by the market, and the government makes no attempt to determine its level. This is an example of a (fixed or pegged exchange rate / flexible exchange rate) Fixed exchange rate systems can take which of the f..

User Account

All Pages