Liability

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…

Part A: liability Coverage: Liability coverage protects a covered individual against a suit or claim arising out of the ownership or operation of a covered vehicle. This coverage applies to the insured and any resident family member, as well as any person using the named insured’s covered automobile. Coverage amounts are written in split limits, where the amounts of insurance are stated separately. The Missouri state-required limits of 25/50/10 are as follows: • $25,000 per person for bodily…

for corporations that are not yet created. This liability can only be lifted with a novation, which is an agreement between the corporation and the third party to release a promoter. Since no corporation was created, the novation process cannot occur and Hayes will be held liable for the contract. Hayes was forced to pay for the van because promoters can be held liable for the contracts they made for corporations that are not yet created. This liability can only be lifted with a novation, which…

Prior to founding the firm, Mr. Davids was a shareholder in a larger Boston firm, representing parties in civil matters from 1983 until 1998. In 1986, Mr. Davids argued the first social host liability case in Massachusetts to the Supreme Judicial Court. He has also argued cases in both the First Circuit Court of Appeals and the Massachusetts Appeals Court. Mr. Davids has tried several cases in the state and federal courts of Massachusetts and other states. He co-authored a chapter on "The…

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.…

Saeed Hussein Ms. Botic ENG 2D0-C 29 April 2016 Romeo and Juliet - The Friars Liabilities In any story, many people are usually responsible for the outcome of the main characters. In Romeo and Juliet, written by William Shakespeare in the late 1500s, there are many characters who are responsible for Romeo and Juliet’s deaths. In this romantic tragedy, Friar Laurence and Friar John are the most responsible for Romeo and Juliet’s deaths. Some reasons include the marriage of Romeo and Juliet,…

In terms of imposing liability in criminal law it is essential to prove that the defendant has committed a guilty act whilst having a guilty state of mind. A person can’t commit a crime with only an evil thought, the same as he can’t commit a crime without doing an act. The physical element of a crime is called actus reus whereas the mental element of a crime is called mens rea. These two are vital elements in proving an offence. Without the presence of one, the prosecution can’t prove the…

The first scenario the question is based on Angus’ liability for murder after Sophia’s death due to his actions. The issue lies in whether the elements of murder, actus reus (AR) and mens rea (MR), are both present at the time of Sofia’s death allowing Angus to be liable for murder. The actus reus is the external element of the offence, it is obtained through factual causation and legal causation. The test for factual causation was created in White where the judge referred to Sir James…

Starbucks does not have employees or associates, they have partners. That is the term of endearment used when discussing the individuals who work in their stores around the world. And the philosophy behind the moniker is that each partner contributes to the success of the company. Newly accepted partners complete 24 hours of indoctrination within the first two week of partnership. Areas covered during training sessions include covering the history of coffee history, drink preparation,…

of incorporation is permitted when the person of the company are using the incorporation of the company to deliberately frustrate a legal obligation. A veil was described as a wall between the company and its shareholders. Hence, once a limited liability company is created as of the separate legal entity principle, the veil of incorporation will be created between the personal assets of the members and the assets of the company. There are three exception circumstances which the veil of…