Kwick Meals

1. Forms of Business Organizations - 20 points (800 words or fewer) Read cause Problem 1 on page 795 in the tailored Text and address the fol unkepting questions. a. What legal arguments should the banks lawyers advance to stigma the three individual founders pay the lend? b. What legal arguments mint 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 separately holder is considered to be liable based on the remove 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 pay off been fully and legally chartered in accordance with the keep and requirements of a given government (Bagley and Savage), their in-person assets sack up be garnished. In event, the Cogen, Inc., made the execu tive decision to no drawn-out deal with their initial law firm, Wilson Scott Associates who attempted the essential in flock, save created a typographical error of identification the skunk Cogene rather of Cogen. Therefore, Cogen, Inc.

, is not an official incorporation and extracts them from being De Facto Corporation, a company which operates as if it were a corporation although it has not immaculate the legal steps to become merged or has been fade out or suspended alone continues to function. Arguments in which the individual founders can make to support their declare of the default in loan agreement, w ould be to consider the conceit of Corpora! tion by Estoppel. This idea states that if a third company (Firstloan) treats a business as a corporation, the third 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 granted a 5 gazillion dollar loan to the business, without properly affirm with the Secretary of...If you compliments to get a full essay, piece it on our website: OrderCustomPaper.com

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