Reference no: EM131180714
Trans-System, Inc. (TSI), is an interstate trucking business. In 1994, to provide a source of well-trained drivers, TSI formed Northwestern Career Institute, Inc., a school for persons interested in obtaining a commercial driver's license.
Tim Scott, who had worked for TSI since 1987, was named chief administrative officer and director. Scott, a Northwestern shareholder, disagreed with James Williams, the majority shareholder of both TSI and Northwestern, over four equipment leases between the two firms under which the sum of the payments exceeded the value of the equipment by not more than $3,000.
Fewer than four other leases, payments were $40,000 less than the value of the equipment. Scott also disputed TSI's one-time use, for purposes unrelated to the driving school, of $125,000 borrowed by Northwestern.
Scott was terminated in 1998. He filed a suit in a Washington state court against TSI seeking, among other things, the dissolution of Northwestern on the ground that the directors of the two firms had acted in an oppressive manner and misapplied corporate assets.
1. Should the court grant this relief?
2. If not, what remedy might be appropriate? Discuss.
[Scott v. Trans-System, Inc., 148 Wash.2d 701, 64 P.3d 1 (2003)]
|
What is the value of the standardized test statistic
: 1) Use technology and a t-test to test the claim about the population mean mu(u) at the given level of significance alpha using the given sample statistics. Assume the population is normally distributed.Claim: mu(u)>76; alpha=0.05, Sample statisti..
|
|
What is the ex dividend date
: What is the ex-dividend date? - Ignoring personal taxes, how much should the stock price drop on the ex-dividend date?
|
|
Importance of the chosen topic in the context of ea
: This assignment will require a group of 4-6 students to work as an EA consulting Start-up Company. Each group needs to select one topic, conduct research on it and write report based on their findings. Introduction - brief overview of the topic, wh..
|
|
Which subcontractor will provide the flooring
: With regards to elevator cabs, which subcontractor will provide the wall finishes? Which subcontractor will provide the flooring?
|
|
Should the court grant this relief
: Tim Scott, who had worked for TSI since 1987, was named chief administrative officer and director.- Should the court grant this relief? - If not, what remedy might be appropriate? Discuss.
|
|
Is current growth rate of the human population sustainable
: How you as an individual can reduce your impact on the environment as it relates to this item or activity.Explain the relationship between three aspects of science: hypothesis, research/experimentation, and theory.
|
|
Find the test statistic
: A) Find the test statistic. B) Find the P-VALUE for the found test statistic.
|
|
Develop political economic risk profile for a given country
: Select a small company and explain what it would have to do to manage these risks if it were to enter the market of the country profiled.
|
|
Households nationwide used natural gas
: According to a research,54.0% of households nationwide used natural gas for heating during a year. Recently, a survey of 4800 randomly selected households showed that 55.0% used natural gas. Use a 0.05 significance level to test the claim that the..
|