User Account

All Pages

Will you be successful in holding sanders liable

Assignment Help Business Law and Ethics
Reference no: EM13846372

Business Law for Commercial Transactions Week 1 DQ 1 Scenario 1 Mike Sanders is an extremely wealthy entrepreneur who previously owned several businesses. Sanders sold some of the businesses, while others failed and ended up in bankruptcy. Most recently, Sanders incorporated Sunshine Home Designs with himself as the sole shareholder. Sanders invested $2,500 in the company as a capital contribution. Sunshine Home Designs then purchased 500 acres of land for $250,000 with the intent to develop an upscale retirement community with various levels of housing from patio homes to nursing facilities. One year later, Sunshine became unable to pay its bills. As one of Sunshine's creditors, you seek to hold Sanders personally liable for the company's debts. Will you be successful in holding Sanders liable for Sunshine's debts? Explain why or why not.

Reference no: EM13846372

Questions Cloud

Evaluate the appropriateness of such a training focus : Evaluate the appropriateness of such a training focus. Based on your other readings, what other elements may be included to increase the self-knowledge and effectiveness of leadership?
Working as investment banker with starting annual salary : Sarah started working as an investment banker with a starting annual salary of $84,000 on January 1, 2014. She receives her salary in equal monthly instalments at the end of each month. She expects to receive a 4% raise every year until she retires a..
Identify a commonality or theme between the works : Identify a commonality or theme between the works (this could be a similar medium, subject matter, art period/movement, color or other formal element, etc.)
Will the actual realized yields be equal to expected yields : World, Inc. has bonds outstanding with 7 years left to maturity. The bonds have a 6% annual coupon rate and were issued a year ago at their par value of $1,000. What is the yield to maturity? Will the actual realized yields be equal to the expected y..
Will you be successful in holding sanders liable : As one of Sunshine's creditors, you seek to hold Sanders personally liable for the company's debts. Will you be successful in holding Sanders liable for Sunshine's debts? Explain why or why not.
What amount would i report as taxable income : What amount would I report as taxable income?
Stock returns and your retirement account : Suppose your retirement account has a balance today of $25,000 and you are 20 years old. If you are invested in a diversified portfolio of stocks, you might hope that the historical return of about 6% continues into the future. Compute the balance in..
What is the present value of his inheritance : His recently departed dear Aunt Annie, may she rest in peace, has left Tom a 6-year annuity paying $4,500 per year. He will receive the first payment 4 years from today. If he is discounting at 7% (EAR), what is the present value of his inheritance?
Energy balance to a closed system : 1. In this problem, you learn how to apply the energy balance to a closed system containing an ideal gas with constant Cpfor 3 different processes.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  While kathy is struggling with the legal battles involved

1. ivan johnson owned a dilapidated apartment building in olney illinois which he rented to james and cora chester for

  Brief highlighting the issues of relevance and foundation

Prepare a 2 page brief highlighting the issues of relevance, foundation, authentication and possibly chain of custody that you are likely to encounter. Make sure you cite using APA and include any relevant case law and FRE that support your brief

  Explain laws and regulations of a contract

Explain Laws and Regulations of a Contract and Fidelity had programmed its computer to pull checks only if all of the digits on the stop-payment order agreed with those on the check

  How would his business change if he did use the cloud

Review the given case: North Point Eyewear, How would his business change if he did use the cloud? Could he use it to help him turn his online store into something similar to his physical store

  The inmate who enters into a prison environment will

the inmate who enters into a prison environment will undergo the process of prisonization which is the process of

  Representing a client in a property dispute

When representing a client in a property dispute, may an attorney acquire an undivided fee simple interest in the property as security for the payment of his fee?

  Research four correctional institutions in the field

Research four correctional institutions in the field of corrections you are interested in. (drug treatment centers, juvenile detentions centers, adult facilities). What are the missions of each.

  Define the crimes of voluntary manslaughter involuntary

homicide. define the crimes of voluntary manslaughter involuntary manslaughter and negligent homicide. provide examples

  What should we do about prison overcrowding

What should we do about prison overcrowding? What role will prisons play in the future? Will the focus be punishment or treatment

  Hunting and fishing in the united states

Respond all the following topics: Hunting and Fishing In the United States

  Important dimensions of female delinquent behavior

What are the most important dimensions of female delinquent behavior?

  Yu are a deputy warden at a maximum security state

you are a deputy warden at a maximum security state penitentiary.nbspthe facility houses 1200 inmates on average with

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd