pierce the corporate veil

pierce the corporate veil

1.Give a specific, original example of a situation which would likely cause a court to “pierce the corporate veil”. Your example should demonstrate your knowledge of the meaning of this phrase.

2.Give a specific example of a breach of contract involving the sale of an antique chest of drawers, including details about the offer, acceptance, and the
nature of the breach. Your example should show both compensatory and consequential damages that stem from the breach. Describe these. Then explain whether or not a court would be likely to impose “specific performance” as a remedy in this case and why.

3.Give an original, specific example of a “merchant’s firm offer” that demonstrates your knowledge of this term. Be sure to give enough information in your answer to show your understanding of the term.

4.Give a specific example of a contract involving a unilateral mistake which would not be enforceable against the mistaken party. The parties to the contract should be the following: Lady Gaga (a recording artist) and the owners of Madison Square Garden (an indoor arena in New York City). Lady Gaga (or an agent of Lady Gaga) should be the mistaken party. Please describe the scenario thoroughly, so that I can be sure you understand the subject matter. Now change the scenario somewhat to describe a different example (using the same parties) involving a mutual mistake. How does this mutual mistake affect each of the parties’ obligations under the contract?

5.Briefly describe either your current job, or a job you’ve held in the past. (Alternatively, you could describe a made-up job.). Now, make an argument either for or against labeling your “status” in this job as each of the following: “employee”, “agent”, and “independent contractor”. Be sure to discuss specific features of your job that support your conclusion. Is it the case that a combination of two or more of these “statuses” applies to your job? Explain.

6.Your friend has decided to open a day care center and is not sure which form of business to use–a sole proprietorship, a partnership, or a corporation. She has asked for your advice. What questions do you need to ask your friend about her plans in order to best advise her? What advice can you give your friend? Discuss advantages and disadvantages for each of the three forms.

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