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Question: Corporate Powers. Kora Nayenga and two business associates formed a corporation called Nayenga Corp. for the purpose of selling computer services. Kora, who owned 50 percent of the corporate shares, served as the corporation's president. Kora wished to obtain a personal loan from his bank for $250,000, but the bank required the note to be cosigned by a third party. Kora cosigned the note in the name of the corporation. Later, Kora defaulted on the note, and the bank sued the corporation for payment. The corporation asserted, as a defense, that Kora had exceeded his authority when he cosigned the note. Had he? Explain.
Meredith, a farmer, borrowed $5,000 from Farmer's Bank and gave the bank $4,000 in bearer bonds to hold as collateral for the loan. Meredith's neighbor.
What policy change would you recommend to President Obama that would allow the US to retain/retake technology leadership into the next decade and beyond
Two weeks after Ben purchased the mower, the police arrived at his house with Owen Owner, the true owner of the lawn mower, which was stolen from his yard, and reclaimed the mower. What recourse, if any, does Ben have?
A small family-owned restaurant uses a seven-day moving average model to determine manpower requirements.
1. Bob, the general manager of the Stockholm Inn, suspects that the inn is still being billed for trunk lines that were disconnected some time ago. Which of the following is the best course of action for Bob to take to address this problem? A. ..
Which of the following theories is least relevant to merit pay?
Why are effective interpersonal skills so important to a manager's success?
Oman as an emerging Geo-Tourism destination: And analysis service Quality in the Restaurant Sector in Oman: A comparative study
Burke now seeks to enjoin the secretary of state from revoking its authority to do business in Arkansas. Should the injunction be issued? Explain.
Rossbach was a police officer for the city of Miami, Florida. He was impaired in that he severely injured his arm while apprehending a suspect.
How should courts deal with different grooming and appearance requirements for men and women? Can sex-stereotyping be clearly distin- guished from requirements based on "generally accepted standards of appearance" for men and women? Explain.
Explain the accounting concept that income is realized when earned, whether or not it has been received in cash.
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