What are growers rights if any against arthur

Assignment Help Management Theories
Reference no: EM131387469

Arthur, Barbara, Carl, and Debra decided to form a corporation for bottling and selling apple cider. Arthur, Barbara, and Carl were to operate the business, while Debra was to supply the necessary capital but was to have no voice in the management. They went to Jane, a lawyer, who agreed to organize a corporation for them under the name A-B-C Inc., and paid her funds sufficient to accomplish the incorporation. Jane promised that the corporation would definitely be formed by May 3.

On April 27, Arthur telephoned Jane to inquire how the incorporation was progressing, and Jane said she had drafted the articles of incorporation and would send them to the secretary of state that very day. She assured Arthur that incorporation would occur before May 3. Relying on Jane's assurance, Arthur, with the approval of Barbara and Carl, on May 4 entered into a written contract with Grower for his entire apple crop.

The contract was executed by Arthur on behalf of ‘‘A-B-C Inc.'' Grower delivered the apples as agreed. Unknown to Arthur, Barbara, Carl, Debra, or Grower, the articles of incorporation were never filed, through Jane's negligence. The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?

Reference no: EM131387469

Questions Cloud

?rms outputs in nash equilibrium of cournots model : An industry contains two ?rms, one whose cost function is C(q1) = 30q1 and another whose cost function is C(q2) = q2 2. The inverse demand function for the ?rms’ output is P = 120 − Q, where Q is the total output. What are the ?rms’ outputs in a Nash..
Design the state diagram for a simple controller : The lamp is turned off whenever the internal clock matches an internal register fLiteOffl that holds the time to turn the light off.
Manufacturing plant has the capacity to produce : A manufacturing plant has the capacity to produce 1,000,000 widgets per year. Each sells for $20. The variable cost to produce each widget is $5 per widget. Annual operating costs are fixed regardless of production volume, and are $2,000,000 per year..
How do the programs work to reduce juvenile crime : How do the programs work to reduce juvenile crime? What are the programs' major goals, objectives, and core beliefs? How do community-based programs address issues related to juvenile gang violence? What is the role of law enforcement in the progr..
What are growers rights if any against arthur : The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?
What is rositas unlevered cost of capital : FINC620- Rosita's has a cost of equity of 13.8% and a pre-tax cost of debt of 8.5%. The debt-equity ratio is .60 and the tax rate is .34. What is Rosita's unlevered cost of capital?
Examine your states policy on employment-at-will : Imagine you are a recently-hired Chief Operating Officer (COO) in a midsize company preparing for an Initial Public Offering (IPO). You quickly discover multiple personnel problems that require your immediate attention.John posted a rant on his Fa..
How does the study of multiculturalism address key issues : How does the study of multiculturalism address key issues and challenges in today's world? What have we learnt about the above topic? What are the main issues, and how did we understand these issues? We are expected to write critically and analytic..
What will the manufacturer labor costs : A manufacturer's annual labor costs are currently $1.2M per year. Costs are expected to increase by 10% per year over the next six years due to added manpower. Inflation is estimated to be 5% per year over the next six years. What will the manufactur..

Reviews

Write a Review

 

Management Theories Questions & Answers

  The general environment and the industry environment

What are the differences between the general environment and the industry environment? Why are these differences important?

  What is a group

1. What is a group? Describe the three different types of groups and indicate the similarities and differences among them. What is the difference between a group and a team?

  Describe a product development or management process

Research and Describe a product development or management process, methodology, or model that could be utilized to implement the Universal Collapsible Carseat.

  Information and communications for development

More than one billion people take their electrical and telecommunications systems for granted. However, for billions more, the service-on-demand mentality remains a distant dream and Internet access only a rumor. Recognizing the need to promote gl..

  World local bank

World's local bank

  Supply chain management

Supply Chain Management Answer each of the 9 questions as a short discussion. If you use a reference, cite each. 1. Of the three macroprocesses in a firm, one process is the most important. Comment on the previous statement or comment if you think ..

  Document the design of the organization or corporation

Identify and document the design of the organization or corporation. The design will be an explanation of the management structure, the prime operations of the entity, and how the entity functions on a daily basis. Your understanding and explan..

  Would the case fall under criminal or civil law

You own a moving company. One of your workers let go of a chair he was carrying up a staircase. Unfortunately, a tenant of the building waswalking up the stairs at the time and was seriously hurt in the incident. Can your company be sued? Would the c..

  Company will be researched in terms of it service

Company will be researched in terms of its service,includingservice environment, employees, customers, policies and processes.'the 10 pages case must be written in APA format.double spaced, size 12, font times new roman

  How can the use of abc data assist managers in managing

How can the use of ABC data assist managers in managing spending on resource capacity? Why is the management of resource capacity costs of strategic importance to companies such as Zen?

  Determine if the stock options meet the requirements

Determine if the stock options meet the requirements for an ISO or not. If not, what changes would you recommend to the company to make it as a qualified stock option?

  Which of given effects are benefits

Which of these effects are benefits? Mo receives the benefits? Which are costs? Who bears the costs? Which are neither costs nor benefits?

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