Kwick Meals

1. Forms of Business Organizations - 20 points (800 words or fewer) Read slickness Problem 1 on page 795 in the made-to- post Text and address the fol commencementing questions. a. What legal arguments should the banks lawyers advance to stigma the three individual founders pay the lend? b. What legal arguments batch the individual founders make to support their view that they should not be individually liable to pay the loan? Response low agency law, the banks lawyers should advise all three individual founders that to each one holder is considered to be liable based on the charter loan agreement. The bank should also advise the founders that based on evidence that Cogen, Inc., is not considered to be a De Jure Corporation, businesses that gravel been fully and legally chartered in accordance with the sustainment and requirements of a given government (Bagley and Savage), their person-to-person assets sack up be garnished. In event, t he Cogen, Inc., made the executive decision to no drawn-out deal with their initial law firm, Wilson Scott Associates who attempted the unquestionable in flock, save created a typographical error of fitting the commode Cogene rather of Cogen. Therefore, Cogen, Inc.

, is not an official incorporation and extracts them from universe De Facto Corporation, a company which operates as if it were a corporation although it has not immaculate the legal steps to become incorporate or has been fade out or suspended entirely continues to function. Arguments in which the individual founders can make to support their form of address of the default in loa! n agreement, would be to consider the imagination of Corporation by Estoppel. This idea states that if a third companionship (Firstloan) treats a business as a corporation, the third party cannot deny it is a corporation and try to reach shareholders personal assets. Since Firstloan determined that Cogen, Inc., was in fact a corporation and given a 5 gazillion dollar loan to the business, without properly collateral with the Secretary of...If you compliments to get a full essay, order it on our website: BestEssayCheap.com

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