Indicate related articles in law that plaintiffs assertion

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Reference no: EM133939201

Question

Create this moot and statement of a plaintiff according to facts that are given below;

Indicate related articles in law that the plaintiff's assertion is based on.

Chip and Dale decide to open up a construction company. They did not have enough money to buy the raw materials for their construction jobs up front.

In order to solve this problem they attracted the investment of Jennifer. Jennifer is a successful investor.

She agrees to invest in Chip and Dale's business in exchange for 10% of the net profits they earn.

Chip, Dale and Jennifer incorporate a company. Chip owns 40% of the shares, Dale owns 40% of the shares and Jennifer owns 20% of the shares.

Chip and Dale take Jennifer's investment and start working. The business becomes a success.

With the capital that Jennifer provided they are able to secure a number of jobs. They complete the jobs successfully and profits start to roll in.

The more successful that Chip and Dale become the more they increase their salaries. Since they have 2/3 control of the corporation they are able to pass the salary improvements at board meetings.

Jennifer start to raise issues with the salary increases. She argues that because of the increase salary there is a reduction in the net profits of the corporation.

Chip and Dale argue that because they are more successful and the company is growing they should be able to increase their salaries.

Jennifer sues Chips and Dale using the oppression remedy. The plaintiffs will represent Jennifer. The defendants will represent Chip and Dale.

Reference no: EM133939201

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