The IRAC method

          John, Lesa, and Tabir form a limited liability company. John contributes 60% of the capital, and Lesa and Tabir each contribute 2%. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60% of...

Business law

            Janice has been invited to appear on a home improvement show for the remodel of her summerhouse in Maine. Janice asks Mary to wallpaper her house in anticipation of the home improvement, and requests expensive custom wallpaper...

Business law

    Greta tells her friend, Jala, that in appreciation of the love and affection she has shown Greta over the past 5 years since her husband left her, she will give $20,000 when her bank term-deposit matures in 6 months. Six months later, when the...

Examples of bad business contracts.

  Research examples of bad business contracts. In the world of business, contracts are the key to success. What you put into writing, and agree to with your signature, can make or break your company. There are dozens of different contracts that you may have to...

A writing under the Statute of Frauds

          Newmark & Co. Real Estate, Inc. contacted 2615 East 17 Street Realty, LLC to lease certain real property on behalf of a client. Newmark e-mailed the landlord a separate agreement for the payment of Newmark’s commission. The...

Business law

          You are fresh out of graduate school, and you take a management job with Cowtown Casino Management (CCM). CCM builds, manages, and sells rural casinos throughout America. CCM has contracted with Big Builder (BB) to build a casino. CC...