Kwick Meals

1. Forms of Business Organizations - 20 points (800 words or fewer) Read gaffe Problem 1 on page 795 in the point Text and address the fol get-going questions. a. What legal arguments should the banks lawyers advance to mark the three individual founders pay the lend? b. What legal arguments bay window 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 each holder is considered to be liable based on the read 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 bother been fully and legally chartered in accordance with the nutrition and requirements of a given government (Bagley and Savage), their in-person assets sack up be garnished. In event, the Cogen, Inc., made the executive decision to no drawn-out deal with their initial law firm, Wilson Scott Associates who attempted the tangible in flock, save created a typographical error of name the company Cogene rather of Cogen. Therefore, Cogen, Inc.

, is not an official incorporation and extracts them from world De Facto Corporation, a company which operates as if it were a corporation although it has not immaculate the legal steps to become co-ordinated or has been fade out or suspended besides continues to function. Arguments in which the individual founders can make to support their lay claim of the default in loan agreem ent, would be to consider the supposition ! of Corporation by Estoppel. This idea states that if a third fellowship (Firstloan) treats a business as a corporation, the third political 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 allow a 5 gazillion dollar loan to the business, without properly substantiating with the Secretary of...If you compliments to get a full essay, golf club it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay