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(SOLVED) AstroStar Inc has a board of directors consisting

of three members
AstroStar, Inc., has a board of directors consisting of three members (Eckhart, Dolan, and
Macero) and has approximately 500 shareholders. At a regular board meeting, the board
selects Galiard as president of the corporation by a two-to-one vote, with Eckhart dissenting.
The minutes of the meeting do not register Eckhart’s […]

Hugo and Charles were brothers who did business as partners for several years. When Hugo
died, Charles was appointed administrator of his estate. Tax returns disclosed that the
partnership business continued to operate just as it had before Hugo’s death and that Hugo’s
estate received the profits and was charged […]

Dunn and Welch both appeared to operate Ruidoso Downs Feed Concession. Dunn sought to
obtain credit for Ruidoso Downs from Anderson Hay and Grain Company. Relying on Dunn’s
financial position, Anderson extended the credit. Dunn was the person who was responsible for
making sure that the payments were made. When […]

Clark, who owned a vacant lot, and Bird, who was engaged in building houses, entered into an
oral agreement by which Bird was to erect a house on the lot. Upon the sale of the house and
lot, Bird was to have his money first. Clark was then to have […]

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James and Linda engaged in the grocery business as partners. In one year they earned
considerable money, and at the end of the year they invested part of the profits in oil land,
taking title to the land in their names as tenants in common. The investment was fortunate, for
[…]

Peter authorized Arnon, a grain broker, to buy at the market 20,000 bushels of wheat for Peter.
At the time, Arnon had in storage 5,000 bushels belonging to Johnson, who had authorized
Arnon to sell for him. Arnon also had 15,000 bushels that she owned. Arnon transferred these
20,000 bushels […]

Owner listed his house with Penelope, a real estate broker, granting Penelope an exclusive
right to sell Owner’s house. Penelope entered into negotiations with Buyer, who seemed
interested in purchasing the property. Buyer found the price agreeable, but he insisted on
including in the sales contract a clause giving him […]

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