What chapter provides for liquidation in bankruptcy?
2-What is “employment at will”?
3-What do copyright laws offer?
4-What is an agreement or “agreement not to compete” and when are they applicable?
5- Make a list of the type of contracts that must be in writing according to the Statute of Fraud.
6- What type of property allows for the greatest rights, privileges and power? Indicate the type of information that must be included in a contract for the sale of goods.
7- “THE FEDERAL TRADE COMMISSION” and “THE OFFICE OF CONSUMER FINANCIAL PROTECTION”
-The legal protections granted to consumers by these organizations.
-The rules/laws/regulations that these agencies apply/enforce to provide those protections
-The steps taken to investigate/enforce violations of consumer rights.
-The sanctions that can be imposed for violating these rules / laws / regulations
-The “real” impact and importance of their activities on US commerce.
-examples of how at least one of these bodies (and their rules/laws/regulations) has protected a consumer.
8- Liquidation procedures.
María Cortes and Manuel Santiago, shareholders of Solar Resources, Inc., were involved in litigation in Florida state court, accusing each other of attempts to control Solar Resources, Inc., through fraud. To delay state court proceedings, Cortes filed a personal bankruptcy petition in federal bankruptcy court. Ownership of the shares of Solar Resources, Inc., from Cortes passed to the bankruptcy trustee, but Cortes ignored him. He called a meeting of the shareholders of Solar Resources, Inc., except for Santiago, and voted for those shares to remove Santiago from the board and elect himself chairman, president, chief executive officer and treasurer. The board of Solar Resources, Inc. then dismissed all of Solar Resources, Inc.’s claims against Cortes in his lawsuit with Santiago. Are there sufficient grounds for the bankruptcy court to dismiss the Cortes bankruptcy petition? Argue. [ (See Types of Bankruptcy Relief.)
Carlos and Dulce Medina got divorced. A New York state court ordered Carlos to pay Dulce’s alimony and child support and half of the couple’s $184,000 in their investment accounts. Instead, he withdrew more than half of the investment funds and spent them on himself. Over the next several years, the court repeatedly held Carlos in contempt for failing to pay Dulce. Six years later, Carlos filed for Chapter 7 bankruptcy, including in the petition schedule the debt to Dulce for unpaid alimony, child support, and mutual funds. Is Carlos entitled to a discharge of this debt or does he qualify as an exception? Why or why not? (See Chapter7 — Liquidation).
1. What is an automatic suspension? (See Types of Bankruptcy Relief.)
2. Where are bankruptcy proceedings carried out? (See Types of Bankruptcy Relief.)
3. Why can a bankruptcy petition be dismissed? (See Types of Bankruptcy Relief.)
4. Who can be a debtor in a Chapter 7 proceeding? (See Chapter 7 — Liquidation.)
5. What is the main effect of a discharge in bankruptcy? (See Chapter 7 — Liquidation.)
References: Business Law Text & Exercises, 9th edition Author: Roger LeRoy Miller and William Eric Hollowell
Publisher: Cengage ISBN: 9781337624657