Can oahe enterprises recover the shortfall

Assignment Help Business Law and Ethics
Reference no: EM131389639

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: EM131389639

Questions Cloud

Qualify for overtime are not being paid overtime rates : Several employees who qualify for overtime are not being paid overtime rates.
What would the major ethical perspectives say : If we were able to predict premeditated murders in the future by somehow scanning the minds of citizens, is this enough evidence to apprehend and take legal action against them? What would the major ethical perspectives say?
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?
Using total expenditures and the money market : Using Total Expenditures, the money market, and the investment market, explain and graphically depict the effect of an increase in the money supply on the level of output and the interest rate.
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?
Determine the maximum peak-to-peak input signal : Determine the maximum peak-to-peak input signal that can be applied if the drain-to-source voltage drop is neglected.
What is profit-maximizing price-output combination : What is the profit-maximizing price-output combination and what are the levels of profits and consumer surplus at that point? How would your answer to part a. change if the firm is forced into marginal cost pricing? What is the dead-weight-loss?
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.
Management and labor concerning labor wages : Which of the following correctlSuppose you have a negotiation situation between Management and Labor concerning Labor wages. Management and Labor do well when they each do the opposite of what the other does i.e. the best situations for both are: (i)..

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  Compose a description of the ethical decision-making process

Compose a description of the ethical decision-making process, including the steps on how to approach the situations, a list of questions if a meeting is granted, or a list of possible reasons for rejecting the meeting.

  The right hand side of the blackscholes merton formula

Consider the right-hand side of the BlackScholes-Merton formula as consisting of the sum of two terms. Explain what each of those terms represents.

  Critique the civilan review board

Critique the Civilan review board and answer the following question: Citizen review of police are designed to look over police discretion throughout history in determining the proper discipline. The citizen oversight

  Which of the following is true about a sole proprietorship

The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, and he had no conflicts of interest regarding this ..

  Research two different codes of ethics

Research two different codes of ethics for any two groups of healthcare professionals. You can research groups, such as nurses, physicians, and allied health professionals

  What is true about a negligence lawsuit

Natalia has sued a media agency for publishing false statements about her in one of its widely circulated newspapers. Natalia has sought damages from the media agency for violating her reputation. Identify the tort that is illustrated in the scena..

  Is he right why or why not

Since this policy was established twenty years ago, Big Red has followed the policy exactly. Billy Jennings recently applied for a job at Big Red, but although he was well qualified for the position, he was not hired because, under the Big Red Aff..

  What is the history of dna

What is the history of DNA and describe and explain the components and arrangement of DNA

  What type of interview structure would you use why

Develop a 1,050- to 1,750-word paper addressing what you have learned about criteria for criminal justice research, specifically with regards to what research method is appropriate in your proposal

  Differences between underlying ideology of the group

the similarities and differences between Underlying ideology of the group

  Discuss the selected case with your learning team

Select one legal case from a current event that has taken place within the past 2 years relevant to this week's objectives. Discuss the selected case with your Learning Team

  What would an ethical person do in this situation

Just keep doing business the same way you've been doing it. Don't tell them anything has changed." Such were your direct instructions from the new CEO of your company concerning how you should conduct business with a longtime supplier which your comp..

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