Youth Unlimited Case

Read the David Miller case from Chapter 5. After reading the case, describe a reason why someone who has been entrusted with the firm’s assets would commit a fraudulent act against the company. Based upon your understanding of the case and your professional and personal experience, recommend a series of actions that should have been taken in order to pre

* Cost cutting through partnership with Benoix and cost structure change to start a price war with FunTours.

After having a very successful performance and getting second place on the first Littlefield simulation game we knew what we needed to do to win the second simulation game. We were very eager to outperform our competition and we almost did so, but ended up in second place again with a cash balance of $2,660,393.

All the FASB, SEC and EITF provide related information to the case. Despite we must consider the main data. Two contracts, one for

4. Who are the stakeholders in this situation and what, if any, obligations do they have?

This essay will explain the concepts of separate personality and limited liability and their significance in company law. The principle of separate personality is defined in the Companies Act 2006(CA) ; “subscribers to the memorandum, together with such other persons as may from time to time become members of the company are a body corporate by the name contained in memorandum.” This essentially means that a company is a separate legal personality to its members and therefore can itself be sued and enter into contracts. This theory was birthed into company law through the case of Salomon v Salomon and Co LTD 1872. This case involved a company entering liquidation and the unsecured creditors not being able to claim assets to compensate them. The issue in this case was whether Mr Salomon owed the money or the company did. In the end, the House of Lords held that the company was not an agent of Mr Salomon and so the debts were that of the company thus creating the “corporate Veil” .

The next thing the board needs to do is understand what it was created to do and what each person's responsibilities are. A document should be created for all board members to review that outlines the three duties(duty of care, duty of loyalty, and the duty of obedience) as well as all legal responsibilities of the collective board and provide detailed descriptions of each position. This process will ensure that the board

On 9-17-17, the unknown male child's grandmother Faye; asked me to look at the child back. The child's left shoulder blade had a scar. The scar appeared to like someone used their two middle fingers and dug into his skin. The child was bleeding and scared. The child's grandfather (unknown) did this allegation. Faye called the child to come to her. The child was afraid to come to the grandmother. Faye stated told the child "I am not going to do anything to you." The child finally came to Faye. The child did not seek medical attention. The child's mother *(Santana) was not at home. It is unknown if Santana knows about this incident. Also, they are rumors going around that the child is being molested. It is unknown by whom. It is unknown if Santana

In the above case study the ethical dilemma is whether to give the contract to company A which is a fair option among the two or give the contract to company B because it is run by Nirmal’s friend Devraj.

Throughout the case, it can be analyzed and expected to say that Deloitte & Touche have committed a breach to its fiduciary duty to Vertical Pharmaceutical at the end. Vertical Pharmaceuticals Inc., realized a huge loss as a result by Deloitte & Touche. Therefore, this shows that Deloitte & Touche did indeed breach their fiduciary duties. All the falsified reports and malpractices that were said to be revealed by Deloitte & Touche would be said to not be real by the forensic audit that was conducted. At the end, the court can rule that Deloitte & Touche did indeed breach their fiduciary duty to Vertical Pharmaceuticals.

Clarify roles and responsibilities more fully and explain every individual what are the expectation that organization have

Greene’s Jewelry Wholesale LLC owners, Ms. Mary Jane and Mr. Allen Greene employed Ms. Jennifer Lawson as a junior executive secretary for three years. During her time of employment, she encountered proprietary information which was covered under a confidentiality agreement she signed. Upon termination Ms. Lawson provided said information to a direct competitor of Greene’s Jewelry Wholesale LLC violating this agreement. The plaintiffs, Ms. Mary Jane and Mr. Allen Greene are suing the defendant Ms. Jennifer Lawson for potential profit loss to their business and violation of the confidentiality agreement. The defendant is counter suing for wrongful termination from Greene’s Jewelry Wholesale LLC. stating her termination was issued due to her

Choosing a Corporation/Company Structure - the business structure of a company/ corporation is highly recommended, it has the flexibility to gain more capital, or credit capability and assets used as security. Based on the Corporation Act 2001 (Cth) AC 22, a corporation is another legal entity with their own legal rights, duties and responsibilities separate to the individual or owner of the company (Harris, Hargovan & Adams, 2013, pp 229). The risk and consequences are one of the principal considerations of choosing a company structure (Harris, Hargovan & Adams, pp 50). Based on the “Corporate Veil” Liability is owned by a separate legal entity and not to the extent of the owner, for instance, the debt of the company is not a personal liability, but the company. This is further explained in the case below.

S.183 states, “a Director of a corporation must not improperly use the information to gain an advantage for themselves or someone else” (slides). In this case of Vidler, the courts found there was a breach of s.183 as Vidler had used company information gained as a director to invest in shares to make profit for himself. Similar but different to this case, Patricia has breached s.183 of the CA as she has improperly used company information to gain advantage for someone else through advising her sister to buy shares in order to make a profit.

There are several areas CoolBurst must focus on to encourage creativity and innovation which will propel the company forward including company structure, features, policies, practices, reward systems, culture, and management style. While Luisa cannot focus on all of these areas simultaneously, her campaign for change should start with making changes to the corporate culture and CoolBurst management. These two areas build the foundation for change within the company and will help move CoolBurst towards increased innovation and future company success.