[solution] »

HERE IS ANOTHER ONE! THANKS AGAIN! 

Business Law I

Fiduciary Duties

Jimmy

Description

Answer Download

The Question

HERE IS ANOTHER ONE! THANKS AGAIN! 

Business Law I

Fiduciary Duties

Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc.  One day Jimmy suggests that Johnny sell Television Inc. to News Corp.   Jimmy and Johnny work together to radically inflate the value of Television Inc. Jimmy brings a proposal to the Board of Directors to buy Television Inc. for $500 million dollars even though the corporation is only worth $2 million.  The board of directors diligently examines the transaction, but due to clever forgeries, the board does not discover the radical inflation of the corporation.   Jimmy never discloses his relationship with Johnny.  The sale goes through, and it is shortly discovered that Television Inc., is practically worthless. 

• A shareholder sues alleging that Jimmy violated his fiduciary duty of loyalty.  
• Additionally, the shareholder claims that the directors violated their fiduciary duties of care.  
• Is the shareholder correct? 

 

The requirements below must be met for your paper to be accepted and graded:  

• Write between 500 ? 750 words (approximately 2 ? 3 pages) using Microsoft Word.
• Attempt APA style, see example below.
• Use font size 12 and 1? margins.
• Include cover page and reference page.
• At least 60% of your paper must be original content/writing.
• No more than 40% of your content/information may come from references.

Running head: FIDUCIARY DUTIES 1 Fiduciary Duties

 

Student?s Name

 

Institution FIDUCIARY DUTIES 2

 

Fiduciary Duties Fiduciary duty of loyalty by directors

 

Jimmy indeed violated his fiduciary duty of...

 

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Oct 14, 2020

EXPERT

Tutor

ANSWER RATING

BEST TUTORS

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

• As a reference for in-depth understanding of the subject.
• As a source of ideas / reasoning for your own research (if properly referenced)
• For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

STUCK WITH YOUR PAPER?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.