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The Ray Griffith Company, Inc. (RGC) began in the 1950s in Columbia, Mississippi, when Ray Griffith purchased the rights to a patent to manufacture a pecan pick
Emory B. Perry, who represents numerous shareholders, owned stock of The RAMP Corporation, a now-defunct company that developed communications technologies.
Richard Schoon was elected to the board of directors at the Troy Corporation, a private corporation in Delaware. There are three stock series of stock options.
What is the Sarbanes-Oxley Act, and what are some of the elements of this Act that were designed to protect the integrity of the financial statements prepared.
Peter Smejkal was a corporate officer and director of J.A. Morrissey, Inc. (JAM), a construction company.
The Greek shipping company Ionia Management managed a 600-foot oil tanker that delivered oil to ports along the eastern seaboard of the United States.
What is the business judgment rule? Explain the primary duties of officers and directors.
Harvey Pierce was a work-release inmate from the local county jail who worked at an Arby’s franchise restaurant owned by Dennis Rasmussen, Inc. (DRI).
Margaret Miller operated an H&R Block tax preparation franchise for 15 years. She hired William Hehlen as an income tax return preparer for five years.
Chic Miller operated a General Motors (GM) franchise car dealership. His written franchise agreement with GM.
The agreement stated that the franchisee, Millennium, would pay a percentage of its gross revenue to Got Junk on every junk removal job it performs.
Milburn Pierce was the sole proprietor of the Pierce Painting Company, a painting contracting company with two employees in addition to Pierce.
Brothers Aurelio and Hugo V. Garcia founded a trash removal business called Garcia’s, Inc., in the early 2000s. Hugo served as president and director.
Mike Karimi has been in the hotel management business since the 1980s. The name of Karimi’s company is MAK, LLC, which manages and operates several hotels.
The Meehans entered into a franchise agreement with Consumers Club. However, the Meehans’ franchise failed.
Tracy Allen rented a home in which she had been residing since the summer of 1998. The landlordowner of the house later failed to pay taxes on the property.
Suppose you were asked to review and assess a franchise agreement. What responsibilities would you expect to be included in that agreement?
Julaju drove a taxi on a part-time basis for El Palmar Taxi, Inc., usually only on Sundays and sometimes on Mondays.
During calendar years 1996, 1997, and 1998, Ronald A. Stark not only was Nu-Look’s sole shareholder and president but also managed the company.
After visiting a clinic, she was referred to Flagstaff Medical Hospital. Once there, she was examined and treated by Dr. Kraig Knoll.
Thomas Kimbro, a Department of Public Safety (DPS) officer, was the driver of a state-owned vehicle that struck Brystal McCloud’s vehicle on April 1, 2005.
Scheerer, a licensed real estate agent, and Fisher, a manager of commercial real estate, worked together on past real estate deals and knew each other.
William Roberts operated a McDonald’s restaurant under a franchise agreement with McDonald’s Corporation. Roberts hired 23-year-old David Mabin.
What are the different types of authority an agent might have, and why is it important to identify the type of an agent’s authority?
Why is it important to determine whether a worker is an independent contractor or an employee?