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leonid [27]
3 years ago
10

David Wallace was the president, chairman of the board of directors, and majority shareholder of Paper Imports, Inc. Acting as p

resident, David Wallace negotiated a series of contracts that caused the corporation serious economic losses. As president, David Wallace failed to exercise the care of a reasonably prudent person acting in similar circumstances.When substantial economic losses began to pile up, David Wallace insisted that the corporation breach a contract with Dunder Company in favor of a larger contract with Mifflin Enterprises. David Wallace hoped to reverse Paper Imports, Inc. economic decline through this contract with Mifflin, but the attempt failed. Paper Imports, Inc. insolvent and failed.There were two lawsuits against David Wallace, (1) a creditor of Paper Imports, Inc. sued David Wallace alleging that the negligence of David Wallace had caused Paper Imports Inc. to fail to pay the creditor, and (2) Dunder Company sued David Wallace claiming that David Wallace caused Paper Imports, Inc. to breach its contract with Dunder.Who would win in each of these lawsuits?
Business
1 answer:
Paladinen [302]3 years ago
8 0

Answer:

The answers to the two questions are detailed in the explanation;

Explanation:

1.In this first case, David Wallace may possibly win, since a single creditor as a witness that due to the negligence of the director of the company did not receive his payment is not enough evidence for a lawsuit.

There should be more creditors who are dissatisfied with this situation, and it must also be analyzed what were the real causes that led to the company not having made the corresponding payment to this creditor.

2.In this second situation, the company Dunder Company may possibly win, since the corporation breached a previously established contract, this establishes the basis for a lawsuit in which Papers Import must possibly comply with the provisions of the contract or compensate the damages caused to the Dunder Company.

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Answer:The activity rate for each activity of Company CC is:

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Activity rate setup is $80 per setup.

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Explanation: Activity based costing trace overhead cost to each activity and absorbed at a rate for each activity rather than a rate per direct labour hour

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Setup = cost of set up/ number of set ups

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3 years ago
What is the effect of a government budget deficit on the real interest rate and investment? a government budget deficit _______
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<h3>What do mean by government budget?</h3>

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A government budget is a document that details the anticipated income and expenditures for a given fiscal year for a given governing body. Government spending plans frequently need legislative approval and are vulnerable to political pressure from interest groups vying for funding.

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8 0
1 year ago
What industry cannot rely on estimation
jeka94

There is no industry which can not relay on estimation, all industries needs estimation.

The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.

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