11 The Habib Group, an organization that purchases and develops land, bought some property that had been used for a chemical factory in the early 1900s.Mohammed Habib, the CEO, intended to use it to build fashionable luxury condominiums near the downtown area. After the purchase and while havingsoil samples taken, he discovered the land was contaminated by hazardous chemicals. Habib contacted the Environmental Protection Agency (EPA) tocreate a cleanup plan. When allocating liability and cleanup costs, the EPA will determine that Habib isMultiple Choicenot liable because he did not own the land when it was contaminated.not liable because the chemical factory owners contaminated the property many years before the purchase.lable because he is the owner of the contaminated property.iable because he should have conducted all reasonable inguiries into the previous ownership to determine whether any contamination waspresent. Luke declared a Chapter 11 bankruptcy for his business, Lukeco. There were ten creditors to whom he owed money and seven of them accepted thereorganization plan and three rejected it. Luke wants the court to force all creditors to accept the plan. This is known as theMultiple Choicestrong-arm clause.means testcram down provisiondebtor in possession clause.

Business law related questions Bankruptcy means the state of being bankrupt

Answered: The Habib Group, an organization that…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation? Stephen was not responsible for looking into the financial status of Noodleoo before making the agreement. The Franchise rule does not apply to struggling companies. If Noodleoo was not transparent with its financial data, Stephen has no recourse. If Noodleoo was not transparent with its financial data, it has broken the Franchise Rule.
Give atleast one opportunity or threats of Jollibee Corp, interms of taxes, pls provide that could prove the statement and reference
art IScenario IAgroVate, a Delaware corporation, is the target of a bid from Bijoux. Bijoux had originally approached AgroVateâ€™s board with an offer to buy the company, but AgroVate turned down the offer. Now, in newspaper ads and direct mail to shareholders, Bijoux has initiated a tender offer to shareholders well above market price.The Board of Directors of AgroVate consists of the three Maxxo brothers, Happy, Dopey and Sleepy, as well as eight other directors who are not related to the Marx Brothers. AgroVateâ€™s bylaws provide that eight directors constitute a quorum.Manly Pearson, the president of Bijoux, wants to take control of AgroVate and merge it with Bijoux. He plans to replace the current board and sell off AgroVateâ€™s widget finishing division, which he thinks is dragging the company down. Pearson has no interest in the widget business; Bijoux makes service uniforms; Pearson simply sees the takeover as a business…
Your insured lives in an apartment but takes a temporary position in another city and must store some me for fur ture items in a storage ware apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your Insured's furniture is stolen. What Would a Tenant © A) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporanlite O B Nothing. The loss is not covered © C The actual cash value or replacement cost of all the personal property stolen, less the policy deductble, subject to the polis limit © D That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his her personal property
Mini Case Debt vs Equity Holders Companies obtain their funds from two sources: debt and equity. The providers of these funds are protected in different ways. Debt holders have specific contracts with the company, and if the company defaults, they have recourse ahead of shareholders. Shareholders are the bearers of residual risk and in return for the uncertainty this creates, equity finance is more expensive than debt finance – reflecting the risk premium and risk appetite of the shareholders. But, because the shareholders come last and it is not clear what they are entitled to, they operate in conditions of an incomplete contract. Question: If the shareholder’s position is not protected by a contract – unlike the provider of debt- how is it in fact made viable? Discuss
true or false 1. Captive insurer may be used to insure loss exposures that the parent firm finds it difficult to insure with private insurers. 2. Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors 3. For the safety of the residents of the apartment, a barrier is installed at the entrance of the apartment. Only the vehicles belong to the residents are allowed to pass through. This physical barrier system is a risk management technique called loss prevention 4. Applying first-aids to an injured worker while waiting for an ambulance to send him to hospital is a risk management technique called salvage.
Omega, Inc., a publicly held corporation, has assets of $100 million and annual earnings in the range of $13 to $15 million. Omega owns three aluminum plants, which are profitable, and one plastics plant, which is losing $4 million a year. The plastics plant shows no sign of ever becoming profitable because of its very high operating costs, and there is no evidence that the plant and the underlying real estate will increase in value. Omega decides to sell the plastics plant. The only bidder for the plant is Gold, who intends to use the plant for a new purpose, to introduce automation, and to replace all current employees. Would it be ethical for Omega to turn down Gold’s bid and keep the plastics plant operating indefinitely for the purpose of preserving the employees’ jobs? Explain.
Ronald Powers, a well-known local entrepreneur, owned several businesses that filed for bankruptcy from 2010 to 2015. Last year, Powers established R. P. Properties, Inc. Powers is the sole shareholder and invested $2,500 in the company as a capital contribution. R.P. Properties, Inc. purchased 4 houses using a $600,000 loan obtained from the bank. Powers planned to fix up the homes a little and give renters a break on the rent if they agreed to do some repairs. R.P. Properties skipped several mortgage payments on the houses even though his tenants paid the rent. R.P. Properties is no longer able to pay its bills. As one of R.P. Properties' creditors, you seek to hold Powers personally liable for the debts of the company. Will you be successful in holding Powers responsible for the company's debts? Explain why or why not.
In a self-funded health plan for a commercial company, which entity bears the risk for the medical costs: A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance 2. Under the essential benefits of the affordable care act, which benefit requires no cost sharing for the member (i.e., first dollar coverage): A. Emergency services B. Maternity services C. Laboratory services D. Preventive and wellness services 3. Language in provider contracts that automatically renew the agreement for additional term(s) would be found under which of the following contract clauses in a managed care agreement: A. For cause termination B. Indemnification C. Evergreen D. Utilization management 4. Payment by a health plan to a provider in a fee for service arrangement represents what to a provider: A. Cost B. Revenue C. Investment D. Reimbursement 5. Which of the following is not true of a self-funded plan: A. Health plan bears the risk for the medical cost B. Not regulated by…

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