Organize a nonprofit business-jkl markets


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Question 1: Pete's Pizza employs Quincy as a delivery driver. Pete's guarantees that an order will be delivered within thirty minutes or there is no charge, and insists that its drivers meet the limit. One night, while making a delivery, Quincy is caught in a traffic jam. To deliver the pizza within the thirty-minute time limit, Quincy drives onto a sidewalk and hits Ruth, a pedestrian. Is Pete's liable to Ruth for her injuries? Is Quincy liable to Ruth? Why or why not?

Question 2: Jane, Kyle, and Lynn organize a nonprofit business-JKL Markets, Inc.-to buy groceries from wholesalers and sell them to consumers who buy a membership in JKL. Because the firm is a nonprofit entity, it is able to sell the groceries for less than a commercial grocer could. What form of business organization is JKL Markets? Is it significant that JKL is incorporated?

Question 3: Todd is a director and officer of United Sales, Inc. Todd makes a marketing decision that results in a dramatic decrease in profits for United and its shareholders. The shareholders accuse Todd of breaching his fiduciary duty to the corporation. What is Todd's best defense against this accusation? Later, a resolution comes before the United board to compete with VeriFine Products, Inc. Todd is a director and shareholder of VeriFine. What is Todd's responsibility in this situation? hide problem?

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Business Law and Ethics: Organize a nonprofit business-jkl markets
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