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Canadian Corporate Business Law - Case Study Example

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This paper "Canadian Corporate Business Law" discusses legal issues for Temper to consider including breach of directors’ duties, consumer protection, breach of contract, trademark infringement and the consequences for secured loans on company assets…
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Canadian Corporate Business Law
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Download file to see previous pages This was done by virtue of a loan to Ashley in the sum of $300,000 providing Temper with a first mortgage against the suite.
Two politicians invest in Temper, Stefan di Yawn who invests $500,000 in respect of 500 Class A shares and Bob Eh invests $100,000 for 100 Class A shares. In order to secure these investments, the politicians take a security interest in Temper. Shortly after the company experiences some difficulty beginning with Angelina who is photographed spitting on the sidewalks which gets the attention of politician Hillary Squinton who ran her campaign on a clean sidewalks platform. She initiates action against Angelina by taking the matter up with Spitting on Streets Board chaired by Angelina’s boyfriend Brad Spitts. Spitts summarily dismissed the claim and Hillary retaliated by creating a website that was vastly similar to Temper Roars creating confusion between the two companies and basically mocking it with the result that Temper Roars suffered losses. When Elliot learns of the website he purchases a computer that was offered for sale at a price that amounted to nothing more than overvalue and secured by virtue of misrepresentation.

Meanwhile, Ashley Kristen Dupe-Prey began managing her own recording by permitting consumers to download her recording for free. This conduct undermined Temper’s efforts to secure recording contracts for Ashley and only adding to Temper’s already mounting financial difficulties. In response, Temper confronts Ashley who is not impressed and stops payment on the post-dated checks she had written to Temper in the discharge of the $300,000 loan.

To begin with Elliott Spritzer and Bill Squinting arguably have a valid claim against the directors of Bare Ferns Company Ltd. who obviously made unwise investment decisions which conceivably amount to a breach of directors’ duties. ...Download file to see next pagesRead More
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