In Company Law Using the Foss VS Harbottle law case, Discuss the Ruling and the exceptions to the Rule.
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- Please do not give solution in image formate thanku. Please review the case titled Drake Manufacturing Company, Inc. v. Polyflow, Inc. in the textbook and submit a written response summarizing what happened in the case (i.e., a summary of the facts). Be sure to include the following in your summary: Who are the parties in the case? The parties in this case are Defendant, Drake Manufacturing Company, Inc. and Plaintiff, Polyflow. Do you believe that Drake Manufacturing Company, Inc. was doing business in the state for the purpose of being required to qualify to do business?The case of L'Estrange v F Graucob Ltd: Select one: a. Is best known for the legal principles relating to privity of contract b. Is best known for the legal principles relating to conditions and warranties c. Is best known for the legal principles relating to incorporation of terms by signature d. Is best known for the legal principles relating to interpreting exemption clausesDescribe and critically discuss what is frustration in law using the case Taylor v Caldwell discussing in detail the outcome.
- one y Jason just closed on the purchase of real estate under an installment sales contract. Which of the following accurately describes Jason's present status? Jason acquires equitable title for now but can NOT take possession while paying off the loan. Jason acquires legal title immediately and can take possession while paying off the loan. Jason acquires equitable title for how and can take possession while paying off the loan. Jason acquires stocks in the corporation that owns the property.How did the court evaluate the Prewitt v Numismatic Funding Corporation case?Webster v. Blue Ship Tearoom. Can you think of other situations today for which this case might serve as legal precedent? PRISCILLA D. WEBSTER V. BLUE SHIP TEA ROOM, INC. SUPREME JUDICIAL COURT OF MASSACHUSETTS FACTS: Priscilla Webster, a restaurant patron who ordered seafood chowder and choked on a fishbone, brought this case. She maintained that she would not have reasonably expected to find a bone in the chowder. As a result of the bone in the chowder, Webster suffered through several hospital procedures to remove the bone, at considerable cost and pain. At the trial, a jury found for Webster. The Blue Ship Tea Room, the defendant, appealed the case on the basis of the legal interpretation of the implied warranty of merchantability. The appellate decision has become a classic in American jurisprudential reasoning. REASONING: The court, in great detail, discussed the rich culinary history of New England seafood chowders. In going through the details of exactly how good chowder is…
- 19) The Elle Corporation manufactures fingernail polish. Suzy buys a container of Elle's fingernail polish, applies it to her nails, and suffers a severe allergic reaction. She sues Elle under the implied warranty of merchantability, The test for determining whether Suzy will recover is whether: A) the nail polish she bought was suitable for the needs of the average consumer. B) the nail polish she bought properly performed its function of coloring one's nails. C) such a reaction in an appreciable number of consumers was reasonably foreseeable. D) the ingredient causing the reaction was foreign to the nail polish or natural to it. nating one model, Bobby noticesWith reference to the English legal system: a) elaborate on what is meant by common law and its advantages and disadvantages b) identify the key characteristics of case law (how cases are decided) and explain the doctrine of preceWhat are the factors which will allow a court to pierce the corporate veil?
- What is the significance of a proxy statement in corporate law?Established duty of care Foreseeability 1. Duty of care Three-Fold Tests Neighbour Principle under Donoghue v Stevenson (1932) Proximity Bourhill v Young [1943] Reasonableness Caparo Industries v Dickman [1990] "Reasonable man" Test Blyth v Birmingham Waterworks (1856) 2. Breach of duty Skilled Professionals/Expert Duty Bolam v Friern Hospital (1957) Special standard Children Tort of Negligence 3. Causation "But for" Test Barnett v Chelsea Hospital (1969) "Remoteness" Test Overseas Tankship case (1961) 4. Remoteness Novus Actus Interveniens Test McKew v Holland [1969] 5. Remedies "Thin Skull Rule" Pysical Pain and suffering; Medical expenses; Loss of income; Mental/psychological pain and suffering...1. A invested P100,000 in a corporation. How much is the income? Group of answer choices P100,000 P25,000 P30,000 None 2. What is the jurisdiction of the Commissioner of Internal Revenue as regards the interpretation of Tax Laws? Group of answer choices Concurrent Original Concurrent Appellate Exclusive Appellate Exclusive Original 3. It includes any gain from the sale or exchange of property which is not a capital assets. Group of answer choices Ordinary Income Gross Income Gain on Sale of Assets Net Income 4. Shares of stocks traded in stock exchanges are not taxable Group of answer choices True False