CASE: Northeast Iowa Ethanol, LLC v. Drizin A) Parties The plaintiffs involved in this case are the local farmers from Manchester, Iowa. They formed Northeast Iowa Ethanol, LLC. William Ethanol Service and the North Central Construction also invested the construction of the Iowa ethanol plant. The defendant involved in this case is Jerry Drizin. He formed a Nevada corporation, Global Syndicate International Inc. B) Facts In 2000 in Manchester, Iowa, farmers and the President of the
Words: 1839 - Pages: 8
American InterContinental University FINA-310-1301A-02: Professor Michael James February 12, 2013 The three forms of business organizations are sole proprietorship, partnership, and a corporation. A sole proprietorship is a business that is owned by only one person. This is the easiest and less complicated type of business due to the fact that not a lot of paperwork is required. The biggest advantage of this type of business is that the individual who owns the business makes all of
Words: 817 - Pages: 4
December 20, 2009 Office of Finance PO Box 53233 Los Angeles, CA 90053-0233 To Who it May Concern: Subject: Business Tax Certificate Account Hello My Name is Sabrina C. Wise. I am writing this letter in regards to a mistake that has been made with my name on it. This letter is to clear up any confusion and fix the mistake that's been made. Under the account number 00002460888-0001-9 there are two people listed under that acct number by the names of Donny Posner and Myself, Sabrina Wise
Words: 395 - Pages: 2
310.1.2-01-06 There are many different types of business organization’s that should be taken into consideration when going into or continuing a business venture. The organizations described below have many different quality’s that one must think about. Following will be the characteristics of each for a more thorough understanding. The details of each should be closely followed as each has its own unique pro and con that could be vital to a business. Sole Proprietorship Sole proprietorships
Words: 1121 - Pages: 5
Case: Poe v. Leonard (2002) Rule of Law: The conditions for determining whether or not a government officials' denial of qualified immunity based on interlocutory appeal is reviewable if it otherwise satisfies the test of the collateral order doctrine. Facts: A woman (Poe, plaintiff, appellee) was surreptitiously videotaped unclothed while under the pretense that she would be assisting in the creation of a training video for the trainees' program at the Connecticut State Troopers Police Academy
Words: 586 - Pages: 3
Letter OF Credit: Case: Beyene sells to Mohammed Sofan. Sofan financed purchase from YBRD (Irvene Trust) The documents for LC that is the bill of lading listed the party for shipping company to notify upon arrival of the houses as Mohammad and not Mohammed Sofan. Irvene refused to pay stating that there was discrepancy between the bill of lading and letter of credit. Judgement: Court ruled in favor of Irevene .Does misspelling in case give right to Irevene to refuse to pay the LOC (Yes) Reason
Words: 1262 - Pages: 6
the owner dies, the sole proprietorship no longer exists. The assets and liabilities of the business become part of the owner's estate. A sole proprietor can freely transfer a business by selling all or a portion of the assets of the business. (US Legal 2008) * Control: Generally, the owner (sole proprietor) has total management and control over the company. However, the drawback is that the owner is at risk for personal liability incurred through the acts of the owner’s agents or employees. A
Words: 1860 - Pages: 8
University of Phoenix Material Ethical Worksheet Sample Incident Review 1. What is the ethical issue or problem? Identify the issue succinctly. The moral agent is a criminal defense attorney. The attorney knows of another criminal defense attorney who is an alcoholic and ignores his client obligations. What should the moral agent do? 2. What are the most important facts? Which facts have the most bearing on the ethical decision presented? Include any important potential economic, social
Words: 1439 - Pages: 6
Nichols v. Coolidge Mrs. Julia Coolidge, of Massachusetts, died January 6, 1921. As required by the Revenue Act approved February 24, 1919, c. 18, 40 Stat. 1057, 1096, the executors returned a schedule to the collector. He estimate the gross estate at $180,184.73 and allowed $77,747.74 deductions. They paid the amount assessed upon the balance. Their return did not include certain property transferred by the decedent through duly executed deeds and without valuable consideration, some to trustees
Words: 523 - Pages: 3
Business Organization A joint-stock company is a partnership or corporation between two parties. An electronic company has stocks that are issued to each party in the company in return for each contribution. The shareholders are allowed to transfer or sell their investment at any point in time by selling their stock to another party. A limited liability Company is when the investors are only limited liable in case the business or the investors that were invested in go bankrupt. Creditors can only
Words: 297 - Pages: 2
