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Question 7 10 points Aita inca manufacturing company that is having sonous financ ficuties. The Royalbank has a 513 miondoan backed by a general soignton, telah missed the past 2 loan payments totaling $40.000 Nita owes $30,000 to the government for CPP and contributions that it was not made for the past 16 months to 4 months in backrent of 500,000 to standlord, JZ Properties Inc and demanding to be pad Nta asowes Davis Wee in 20.000 for with supplied Ata and Davis wants to be pod of plans to take back is wie There are 10 Alta workers who each make $600 por work and they have not been pad in 4 weeks Tod Snow is the president of it and he called in emergency meeting of the Alle board of dredon this work. The bowd agreed to pay is worried preferred solders a dividend costing the company 340,000 Dans ly what to tasto avoid bankruptcy and what would happen Ata dos go bankrupt Ouime the steps and the nights of all the parties and the directors gal position ALTANER 10 points Question 11 Bon and Jul are both directors of Te Inc Since Bon was the CEO, and Tek is a small closely bold corporation, Jill was added as a director, but she had no active wolvement in the corporation Jat had just signed papers whon Ben told her to but she never read them Ben had always assured her Tok Inc. was in good financial shape and she had nothing to worry about Bon and Jill we now both worried that they may be personally wait for some of the Tok debts it lok is unable to pay them or e poes bankrupt. They have contacted in lawyer regarding this potential ability Bon was so concerned over the Tek problems that he went over to his friend Peter's house and discussed his problems and drank beers Ben the worked home and as he crossed the road in the middle of the block Onywalking), he wasnt by Mary who driving her car and testing on her cell phone Ben has suffered permanent kogunes and Mary suffered a head injury when the air bag in her Ford cu didn't go off Mary is a famous comedian and she had to cancel her performance at Laughs, a local comedy dub laugh now daiming $20,000 in lost profits from Mary for her cancelled shows Lawyers were called (10 marks) Discus FULLY the legal issues involved and the rights and remedies of all the parties 10 points MW Sothware Inc develops specialty software for various industries. MW Inc. has been a very probable company for 10 years MW created computer software called AlleTrak which is doctors diagnose and track patients allergies. It has sold very well for 3 years Recently a competitor, Ravi Software Inc. started selling a softwe package called Trace which is very similar to MW Aller Trak Rit has pood its AllerTrace software 40% lower than Alor Tak, SO MWs sales have dropped scanty MW is nous and told it cannot sell a product that is most identical to theirs. Rilinsists that it has done nothing wrong and it is just regular business compotton Both sides contacted lawyers Analyze fully the legal issues and the rights and remedies of all the parties involved. (10 marks) For the toolbar, press ALT F10 (PC) or ALTIN 10 (Mac) 10 points Alta Inc is a manufacturing company that is having serious financial dicuities The Royal Bank has a 13 lion dollarloaned by a general Securemento Al Al missed the past 2 loan payments totaling 540.000 Ata owe $30,000 to the government for CPP and contibutors that has not made to the past to ment Alten back ront of $80,000 to its landlord, JZ Properties Inc and JZ is demanding to be pod Alta also owes Divi Wine 20,000 for we that suched to and visite plans to take back is wire. There are 40 Aita workers who each mako S800 per week and they have not been paid in woes Ted Scw is a president Alle and he caled meeting of the Alta board of directors this week The board agreed to pay is womed preferred shareholders a dividend costing the company 540.000 Discuss fly what options to avoid bankruptcy and what would happen if Alta does go bankrupt. Outline the stops and the rights of the parties and the director al position 10 points Ben ind Jill are both directors of Tek Inc. Since Bien was the CEO and Te is a small closely held corporation Je was added as a director but she dhe corporation Jihad just signed papers won Ben told her to, but she never read them on days assured her Tekine was in good che and the thing is w about Bon and are now both worried that they may be personally table for some of the Tok detits first to pay them to be they have collected regarding this potential liability, Ben was so concemned over the Tek problems that he went over to listend Perhouse and discussed his problem and Benthen we home and as he crossed the road in the middle of the block Gaywalking) he was tur by Mary who do car and texting on her colphone Benessere per Mary suffered a head injury when the air bag in or Ford cardidn't go off Mary is a famous comedian and she had to concolor performance with a local comedy Laugh now claiming $20,000 in lost profits from Mary for her cancelled shows Lawyers were called (10 marks) Discuss FULLY the legal ses involved and the rights and remedies of all the parties 10 points MW Software in develops specially software for various industries Mwing has been a very probable company for 10 was created complete doctors diagnose and track patients allergies it has sold very well for 3 years. Recently a compor Riv software in started sig swepackt similar to MW's Aller Trak Rivt has prond its AllorTrac software 40% lower than Aleks MW's sales werpoedgravity Wadoo is almost identical to theirs. Rolinsists that it has done nothing wrong and it is just rear bumes comption to contacted wys Anyby the sand rights and remedies of all the parties involved (10 marie) For the toolbar, press ALT F10 (PC) or ALTO FN F10 Mac) vna Question 7 10 points Aita inca manufacturing company that is having sonous financ ficuties. The Royalbank has a 513 miondoan backed by a general soignton, telah missed the past 2 loan payments totaling $40.000 Nita owes $30,000 to the government for CPP and contributions that it was not made for the past 16 months to 4 months in backrent of 500,000 to standlord, JZ Properties Inc and demanding to be pad Nta asowes Davis Wee in 20.000 for with supplied Ata and Davis wants to be pod of plans to take back is wie There are 10 Alta workers who each make $600 por work and they have not been pad in 4 weeks Tod Snow is the president of it and he called in emergency meeting of the Alle board of dredon this work. The bowd agreed to pay is worried preferred solders a dividend costing the company 340,000 Dans ly what to tasto avoid bankruptcy and what would happen Ata dos go bankrupt Ouime the steps and the nights of all the parties and the directors gal position ALTANER 10 points Question 11 Bon and Jul are both directors of Te Inc Since Bon was the CEO, and Tek is a small closely bold corporation, Jill was added as a director, but she had no active wolvement in the corporation Jat had just signed papers whon Ben told her to but she never read them Ben had always assured her Tok Inc. was in good financial shape and she had nothing to worry about Bon and Jill we now both worried that they may be personally wait for some of the Tok debts it lok is unable to pay them or e poes bankrupt. They have contacted in lawyer regarding this potential ability Bon was so concerned over the Tek problems that he went over to his friend Peter's house and discussed his problems and drank beers Ben the worked home and as he crossed the road in the middle of the block Onywalking), he wasnt by Mary who driving her car and testing on her cell phone Ben has suffered permanent kogunes and Mary suffered a head injury when the air bag in her Ford cu didn't go off Mary is a famous comedian and she had to cancel her performance at Laughs, a local comedy dub laugh now daiming $20,000 in lost profits from Mary for her cancelled shows Lawyers were called (10 marks) Discus FULLY the legal issues involved and the rights and remedies of all the parties 10 points MW Sothware Inc develops specialty software for various industries. MW Inc. has been a very probable company for 10 years MW created computer software called AlleTrak which is doctors diagnose and track patients allergies. It has sold very well for 3 years Recently a competitor, Ravi Software Inc. started selling a softwe package called Trace which is very similar to MW Aller Trak Rit has pood its AllerTrace software 40% lower than Alor Tak, SO MWs sales have dropped scanty MW is nous and told it cannot sell a product that is most identical to theirs. Rilinsists that it has done nothing wrong and it is just regular business compotton Both sides contacted lawyers Analyze fully the legal issues and the rights and remedies of all the parties involved. (10 marks) For the toolbar, press ALT F10 (PC) or ALTIN 10 (Mac) 10 points Alta Inc is a manufacturing company that is having serious financial dicuities The Royal Bank has a 13 lion dollarloaned by a general Securemento Al Al missed the past 2 loan payments totaling 540.000 Ata owe $30,000 to the government for CPP and contibutors that has not made to the past to ment Alten back ront of $80,000 to its landlord, JZ Properties Inc and JZ is demanding to be pod Alta also owes Divi Wine 20,000 for we that suched to and visite plans to take back is wire. There are 40 Aita workers who each mako S800 per week and they have not been paid in woes Ted Scw is a president Alle and he caled meeting of the Alta board of directors this week The board agreed to pay is womed preferred shareholders a dividend costing the company 540.000 Discuss fly what options to avoid bankruptcy and what would happen if Alta does go bankrupt. Outline the stops and the rights of the parties and the director al position 10 points Ben ind Jill are both directors of Tek Inc. Since Bien was the CEO and Te is a small closely held corporation Je was added as a director but she dhe corporation Jihad just signed papers won Ben told her to, but she never read them on days assured her Tekine was in good che and the thing is w about Bon and are now both worried that they may be personally table for some of the Tok detits first to pay them to be they have collected regarding this potential liability, Ben was so concemned over the Tek problems that he went over to listend Perhouse and discussed his problem and Benthen we home and as he crossed the road in the middle of the block Gaywalking) he was tur by Mary who do car and texting on her colphone Benessere per Mary suffered a head injury when the air bag in or Ford cardidn't go off Mary is a famous comedian and she had to concolor performance with a local comedy Laugh now claiming $20,000 in lost profits from Mary for her cancelled shows Lawyers were called (10 marks) Discuss FULLY the legal ses involved and the rights and remedies of all the parties 10 points MW Software in develops specially software for various industries Mwing has been a very probable company for 10 was created complete doctors diagnose and track patients allergies it has sold very well for 3 years. Recently a compor Riv software in started sig swepackt similar to MW's Aller Trak Rivt has prond its AllorTrac software 40% lower than Aleks MW's sales werpoedgravity Wadoo is almost identical to theirs. Rolinsists that it has done nothing wrong and it is just rear bumes comption to contacted wys Anyby the sand rights and remedies of all the parties involved (10 marie) For the toolbar, press ALT F10 (PC) or ALTO FN F10 Mac) vna

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