Liability insurance

corruption in his work: Double Indemnity. The corruption is interpreted through the perspective of the novels’ anti-hero: Walter Huff. Double Indemnity begins with Walter Huff trying to convince Mr. Nirdlinger, a wealthy oil man, to purchase an insurance policy from his company. Throughout Double Indemnity, the reader gains a perspective on the corrupt environment through either the anti-heroes actions or through the actions they witness. Upon these events, the anti-hero experiences a revelation…

to adopt a Master Limited Partnership (MLP). Fortress Investment Group, that went public during 2006, has used this structure and considering the share price of that firm, it seemed like the investors appreciated the structure. MLP is a limited liability company with units of the firm that can be traded on the stock market. The structure allows the firm to retain the limited partnership form of governance and hence, allow the management team to continue manage the firm. The unit holders (share…

1) Collect all Crosby cases in which a plaintiff alleges malpractice against a lawyer for failure to draft a shareholder or CCA that protects minority shareholders. As a threshold matter, the statute of limitations for legal malpractice actions is one year. Ohio Rev. Code Ann. § 2305.11(A). Generally, an individual shareholder may not bring a legal malpractice action against an attorney that is employed by the corporation itself. See e.g. LeRoy v. Allen, Yurasek & Merklin, 114 Ohio St. 3d 323.…

personality of the company can be used as a medium of committing fraud or illegal acts. Now, there is arises a paradoxical problem pertaining to the important legal question : Who accords for the liability? Who can be held responsible? The notion of corporate personality does not obviously create liability on artificial persons. Logically, a company cannot be put behind bars or prosecuted for its criminal acts. Thus, their arises a need for the identification of the persons who are guilty of…

Discuss the significance of the case AG Seurities v Vaughan. In the two cases tried together, the House of Lords reasoned that having exclusive possession of a bedroom is not enough to form a tenancy and in addition a tenancy cannot be treated as a license in relation to a section which disputes the nature of the agreement. In AG Securities v Vaughan four people were to share a flat with three other people in favour of the landlord after they had signed the lease. The lease agreement was…

Texas Customer vs. California based Widget Co. Widget Corporation, based in California, and the company President are being sued for damages caused by the installation of their product in Texas by a local handyman hired by Widget Co. Even though the Widget was incorporated in Delaware, California is considered the headquarters because business is conducted from that location. Civil law can generally be divided into two categories: substantive and procedural. Substantive law can be…

Pros. • You don’t have any worry about having to pay the business overheads like rent, taxes, or utility bills. You don’t have ultimate responsibility for the business, and that can be liberating • You gain incredible experience. You learn from your mistakes • You are immersed in an established business. You will get to see first-hand how that business runs - whether you work in a salon or as a mobile groomer for somebody else • You will meet lots of dogs. You will develop your dog handling…

1) The best metaphor for a corporation is an “apple within a barrel where most apples are good and just a few bad”. It takes one apple to ruin it for the rest or spoil its companion. Corporations can often be seen as “bad apple's” bent on taking control of public power and only focused on making money, regardless of the consequences. Corporations are trying to engage themselves in as much profit as possible at anyone’s expense without realizing how unsustainable they are being towards the…

register their business as a corporation, limited liability company (LLC), professional service or a nonprofit association. Although, a business owner may open a sole-proprietorship or a partnership these choices will not be considered because they do not provide limited liability protection for the business owner. Limited liability is protection to the business owner just like a corporation. Business owners are protected from personal liability for business debts and claims. Meaning, it the…

Next, I will analyze the property insurance plan and the liability risks. The Smith’s 3 bedroom, 2 baths, house has 1,600 square feet of living space with an attached garage. The house in west Edmond was newly built when they bought it 6 years ago for $145,000. Alex said that the replacement cost of the home is $250,000. They have an unendorsed HO-3 policy with Coverage A limits of $120,000. The plan covers the home and the attached garage. Since the home is insured for $145,000, the other…