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Question: Purchase of Assets. In January 1999, General Star Indemnity Co. agreed to insure Indianapolis Racing League (IRL) racecars against damage during on-track accidents. In connection with the insurance, General Star deposited $400,000 with G Force LLC (GFCO), a Colorado firm, to enable it to buy and provide, without delay, parts for damaged cars. GFCO agreed to return any unspent funds. Near the end of the season, Elan Motorsports Technologies (EMT) acquired GFCO. In 2000, EMT incorporated G Force LLC in Georgia (GFGA), and GFCO ceased to exist. GFGA renewed the arrangement with General Star and engaged in the same operations as GFCO, but EMT employees conducted GFGA's business at EMT's offices. In 2002, EMT assumed ownership of GFGA's assets and continued the business. EMT also assumed GFGA's liabilities, except for the obligation to return General Star's unspent funds. General Star filed a suit in a Georgia state court against EMT, seeking to recover its deposit. What is the rule concerning the liability of a corporation that buys the assets of another? Are there exceptions? Which principles apply in this case? Explain. [General Star Indemnity Co. v. Elan Motorsports Technologies, Inc., 356 F.Supp.2d 1333 (N.D.Ga. 2004)]
Is the decrease in the unemployment rate always a good thing?
Explain the relationship among household disposable income, consumption, and savings. What is Marginal Propensity to Consume (MPC) and what does an MPC of 0.9 tell us about consumption and saving?
the demand for international flights in the us is on average less elastic to price than the demand for domestic
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of three years,..
A lumber company uses labor (L) and capital (K) to produce joint products, hardwood (H) and plywood (P). These items can be produced by one of two processes: Process 1: 1 unit of L and 2 units of K to yield 2 units of H and 1 unit of P or Process 2..
Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale.
1. Has war always been a propulsive force for economies? How about World War I? How about winners versus losers? How about England, which was on the winning side in World War II? 2. if postwar demand was so important in getting the boom going,..
Produce a graph showing the spread of interest rates on corporate bonds relative to interest rates on government bonds in the United States. Describe the cyclicalproperties of the series. Carefully document the data sources you use.
Price is $10 quantity demanded is 100 units, and quantity supplied is 130 units. For each dollar decline in price, quantity demanded rises by 5 units, and quantity supplied falls by 5 units. What is the equilibrium price?
How would you know demand has increased? (What is the first piece of information which would lead you to conclude that demand has increased?)
If we are talking about setting prices or determining output even in a very large company such as an oil or steel producer wouldn't this be considered a microeconomics issue
A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages
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