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Law 421 week 4 complete contemporary business law a+ graded

LAW 421 (Contemporary Business Law) Week 4   WEEK 4 Discussion Question #1     •      What aretheUCCprinciplesofgood faithand reasonableness […]

LAW 421 (Contemporary Business Law)
Week 4
 
WEEK 4 Discussion Question #1
 
 
•      What aretheUCCprinciplesofgood faithand reasonableness to sales contracts?
 
 
•      What arethedifferent ways thattitletransfers underUCCArticle2?
 
 
•      Which partybears therisk?
 
 
•      What distinguishes asaleon approval,saleon consignment,andsaleor return underUCCArticle2?
 
WEEK 4 Discussion Question #2
 
 
Greg,Kim,Phil,and Tianyaeachown 20percent ofthesharesofacompanyand serveas theboard ofdirectors ofthecompany,HomeHealth,Inc. Samis also a20 percent shareholder,but sheisnot amemberoftheboardofdirectors.When Tianyadies,her husband Michaelinheritshersharesofstock that werethen worth
$100,000,and replaces Tianyaon theboard ofdirectors.Unfortunately, Michael is sogrief–stricken that heis completelyinattentiveto corporateaffairs.During this period,Greg,Kim,and Phil extend loans to themselves totaling$250,000 from corporatefunds that theyneverpayback. When Samdiscoversthat HomeHealth, Inc.is insolvent,shesues Michael forbreach ofhisdutyofcaretothecorporation.
 
·   Discuss Michael‘sliabilityand fiduciaryduties.
MayMichael assertthelimited liabilityofthecorporateformas adefense?
·   Is it likelythat acourt will piercethecorporateveil?Explain.
 
Week 4 Assignments:
 
LAW 421 WEEK 4 Critical Reflection (700+ Words)
 
LAW 421 WEEK 4 Individual Assignment
 
LAW 421 WEEK 4 Team Learning (1150+ Words)
 
LAW 421 WEEK 4 Team Learning Reflection (400+ Words)

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