Ch 40, PC three or more:
. Issue: Did LLC did not pay the market value of OLSON`s interest?
. Rule: A member`s title interest in an LLC can be not openly transferable. A transferee of a member distributional interest will get only the member`s share of LLC droit.
. Application: based on the written agreement LLC payed the main city account and 2005 compensation to Olson. Olson may well argue that because of the oral arrangement LLC breached it`s duty to shell out fair market value of a affiliate. on the other hand LLC may believe it only owe duty according to written agreement regarding paying the june 2006 compensation and capital accounts and oral agreement is usually not recognized by the LLC. The Olson may believe the LLC has to spend the payment that had occurred not been paid out which may be rejected by LLC because they had already paid the 2005 compensation to Olson
. conclusion: the LLC only payable the duty to pay off the june 2006 compensation and olson`c capital account.
Ch 40, COMPUTER 7:
. Issue: Was Carpenter liable for the payment of $85, 500 As a standard partner?
. Rule: In limited Alliance, General partners have an infinite liability to get the partnership
. application: Carpenter ma argue that she thought she was a limited partner, it can be declined by 2 fact: firstly she was an experienced business woman who served within the board of directors of any bank so know all of the rules and applications toward partnership while an expert person in her own discipline. secondly, about 1987 your woman received a document regarding that Briargate was a relationship and she was a partner, even though she argued that she was obviously a general spouse she acquired duties to compensate the repayment of tests as a limited partner.
. conclusion: the girl was liable as an general partner.
Ch forty one, PC being unfaithful:
. Issue: Can the court pierce the corporate veil to reach Carlton individually?
. Regulation: The courtroom may disregard of the firm by it`s shareholders so the corporation can be not behaving in the...