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  3. after reading chapter 32, provide your opinion of

After reading Chapter 32, provide your opinion of the case below by answering the following...

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Finance

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After reading Chapter 32, provide your opinion of the case below by answering the following questions: 1. Who is the plaintiff and who is the defendant? 2. What is the plaintiff arguing? 3. What is the defendant arguing? 4. What is your opinion on this case? Who should win in court and why? Any other thoughts? Incorporate at least one textbook principle (with page or section number) in your dialogue. Case Problem: Acacia Country Club Co. (the club), a nonprofit golf club corporation, decided to sell some real estate. Acacia Development Co., Ltd. (ADC) agreed to buy 17.9 acres. The club shareholders had authorized the sale of 16 acres. After the sale, a club member was upset and brought a lawsuit. In the suit, ADC claimed that the lack of shareholder authority for the sale was a cloud on the title to the land and thus the sale was beyond the power of the club. Assuming the sale did breach the regulations by which the club operated, was this a valid argument for ADC against the club

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