The bankruptcy court will file an order for relief unless a debtor challenges an involuntary petition
Indicate whether the statement is true or false
TRUE
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Never specify the age of a person in business messages
Indicate whether the statement is true or false
Communication and information technologies can plan an important role in bridging gaps and breaking down barriers between organizations. Firms can leverage ________ and ________ to facilitate automated communications and coordinated actions with suppliers, distributers, and other firm partners.
A. telephone systems; outsourced systems B. cloud systems; banking. C. point-of-sale inventory systems; RFID technology D. email; social media.
On November 5, 2014, Commercial Builders, Inc, contracted with Concord to construct a steel building that would house a motorcross track. This contract called for Concord to begin construction ASAP, and Concord began construction. At the time the construction began, Concord had not yet closed on buying the property, but had been given the go-ahead by the owner for construction to begin. The real
estate sale ran into difficulties and did not close. At that time, the building was 85% complete. On January 4, 2015, Concord filed a mechanic's lien against the property. In September 2015, the partially constructed building was completely destroyed by a tornado. Commercial sought to foreclose its lien on the land. The owner said he did not give his consent for the work or a lien. Which of the following is correct? A) Commercial builders cannot file a lien on the property because Concord did not own the property? B) Commercial builders cannot file a lien because there is no work to show for the costs C) Commercial builders cannot file a lien for steel buildings D) Commercial builders can file a lien because the consent of the owner was implied through the contract and the agreement for the building to begin
Duty of Loyalty. Mackinac Cellular Corp offered to sell Robert Broz a license to operate a cellular phone system in Michigan. Broz was a director of Cellular Information Systems, Inc (CIS). CIS, as a result of bankruptcy proceedings, was in the process
of selling its cellular holdings. Broz did not formally present the opportunity to the CIS board, but he told some of the firm's officers and directors, who replied that CIS was not interested. At the time, PriCellular, Inc, a firm that wanted the Michigan license, was attempting to buy CIS. Without telling PriCellular, Broz bought the license himself. After PriCellular took over CIS, the company filed a suit in a Delaware state court against Broz, alleging that he had usurped a corporate opportunity. Has Broz done anything wrong? Discuss.