Letter Of The Stone Scone Essay

Letter Of The Stone Scone Essay

Length: 1278 words (3.7 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Briefing Paper 1
According to the papers that were signed by Barr on behalf of The Stone Scone, Fleet Bank agreed to a $100,000 unsecured small business line of credit for The Stone Scone. The bank mailed financial reports addressed to each The Stone Scone and Barr. Fleet Bank made funds available to The Stone Scone for four years. Following that time, conversely, The Stone Scone did not construct any additional expenditure on the loan, leaving $91,444 in principal which was not paid. Pursuant to the credit contract, interest on the owed principal balance constantly accumulated at a charge of 6.5 percent per year. Bank of America, N.A., who had procured Fleet Bank, filed a suit against The Stone Scone and Barr to recuperate the principal and interest which was not paid. Barr sets a verdict against The Stone Scone, which she had transformed into a limited liability company, but left without personal responsibility for the debt owed. The trial court established Barr legally responsible for the credit obligation which was appealed by Barr.
The trial court 's decision that seized Barr individually responsible was confirmed by the supreme judicial court. An individual is left accountable for all debt of the sole proprietorship; for this reason it 's also because any person that is doing business as a sole proprietor has under a different name.
The simplest type of business group is sole proprietorship. The sole proprietor is identified as merely the one possessor of the business. The legal entity is not separate. No, Barr did not act ethically. Namely, the owner will let go of their complete capital input if the business is not successful. The threat of the failure of the business is accepted by a sole proprietor. Additionally, th...


... middle of paper ...


...iven a charging order by the court in support of Chrysler.
Peterson, in this case, had reassigned his interests in the four limited partnership units to his spouse and lawyer sometime before he learned of Chrysler Credit 's request for a charging order nevertheless subsequent to the court 's inspection on this matter.
Under the Minnesota fraudulent transfer act, the transfers could have been brought to a standstill as stated by Chrysler Credit. A charging order was issued, by the court, to Chrysler Credit, and stating the interests are of the limited partnerships are attached, which Peterson determined later to have in Cedar Riverside Properties.














References

Cheeseman, H. R. (2013). The legal environment of business and online commerce: Business ethics, e-commerce, regulatory, and international issues (7th ed.). Upper Saddle River, NJ: Prentice Hall.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Harry Potter And The Sorcerer 's Stone

- Harry Potter and the Sorcerer’s Stone, written by Britain’s own J.K. Rowling, is an orchestrated novel of a young teenage boy with a dysfunctional step family that cares nothing for his well-being. Harry’s parents were killed by Lord Voldemort ten years before the story takes place and he now lives with his mom’s sister Aunt Petunia, Uncle Vernon, and their son Dudley. They live in a brown bricked, two story town home on Privet Drive. On Harry’s eleventh birthday, a new friend, Hagrid, who tells him he is a wizard and takes Harry to Hogwarts School of Witchcraft and Wizardry, greets him....   [tags: Harry Potter and the Philosopher's Stone]

Better Essays
1319 words (3.8 pages)

The Concept of Virtue Illustrated in The Sword in the Stone Essay

- Justice, freedom, righteousness, when we think of these words we don't think of what makes them, no not the definition, the true meaning. Something noble and honorable, in our culture we think of doing the right thing, being virtuous. What exactly is the "right" thing. What can be considered virtuous. Human kind has struggled with these questions since the beginning of time. In fact, the Wart finds out that every species has struggled with the very same universal riddles. Our story begins with the tench....   [tags: The Sword in the Stone]

Better Essays
690 words (2 pages)

The Cave of Stone Beauty Essay examples

- A magnificent array of stone cut sculptures, spectacular detail work and the greatest architectural marvel of its time. Exotic Basalt elephants, dancing dwarves, and superb friezes running parallel to the stone Buddha carved in precision. Depictions of various deities in their abodes and scenes from s India’s epic poetry appear within the stone. Water falls trickle in the spring as ancient river beds fill up and cascade down on top of ancient lava flows. Three religions have made their mark on the basaltic land of the Ellora Caves....   [tags: Stone Cut Sculptures, Architectural Marvel]

Better Essays
1109 words (3.2 pages)

The Character of Hagar in The Stone Angel Essay

- The Character of Hagar in The Stone Angel Death is a subject that everyone fears because they associate death with their end and not a new beginning. In The Stone Angel, by Margaret Laurence, Hagar is no different. When she faces the reality of the implications of growing old she is faced with a journey, not one of her choice but one of destiny. Through her journey Hagar goes through the five different stages leading up towards death: denial, anger, bargaining, depression and finally acceptance....   [tags: Stone Angel]

Better Essays
1407 words (4 pages)

The Imagery of the Stone Angel Essay

- The Imagery of the Stone Angel In her novel, The Stone Angel, Margaret Laurence successfully uses the statue of the stone angel to represent the Currie family pride, Hagar's inability to relate and share her emotions, and the blindness and ignorance that results from refusing to consider any other point of view than your own. The Stone angel is symbolic of the Currie family pride because it does not seem to serve it's purpose, which is to honour Hagar's mother who had died giving birth to her....   [tags: Stone Angel]

Free Essays
811 words (2.3 pages)

The Stone Angel - Theme of Pride Essay

- The Stone Angle - Theme of Pride Short Summation of Pride-Related Occurrences: The first reference to pride is in the second sentence of the novel: Hagar describes the Stone Angel as "my mother's angel that my father bought in pride to mark her bones and proclaim his dynasty…" (3). Hagar's father was a very proud man, a trait that was passed on to his daughter, and he takes great pride in this "terribly expensive" statue, which "had been brought from Italy" … "and was pure white marble" (3)....   [tags: Stone Angel]

Free Essays
649 words (1.9 pages)

Flower Imagery in The Stone Angel Essay

- Flower Imagery in The Stone Angel Margaret Laurence uses flower imagery in her novel The Stone Angel to represent Hagar's way of life. There are two types of flowers, wild and civilized. These two types of flowers are associated with the educated, controlled way of life and the material way of life. In summer the cemetery was rich and thick as syrup with the funeral-parlor perfume of the planted peonies, dark crimson and wallpaper pink, the pompous blossoms hanging leadenly, too heavy for their light stems, bowed down with the weight of themselves and the weight of the rain, infested with upstart ants that sauntered through the plush petals as though to the manner born ....   [tags: Stone Angel]

Free Essays
750 words (2.1 pages)

The Importance of the Title of Stone Angel Essay

- The Importance of the Title of Stone Angel Margaret Laurence's The Stone Angel is the story of Hagar Shipley's life, told entirely by Hagar through her memories and thoughts. Though she remembers her past with vivid detail, she has trouble with the happenings of the present. Hagar at ninety is a proud and strong woman suffering from the unjustness of old age. Once proud and independent, she now needs to be taken care of by her son Marvin, who she never loved. As the book begins, the readerÕs first glimpse is of that of the stone angel....   [tags: Stone Angel Essays]

Free Essays
548 words (1.6 pages)

The Shadow on the Stone by Hardy Essay

- The Shadow on the Stone by Hardy A man stands in front of a druid stone just as a reader stares at a brooding poem of love lost and fonder days remembered. “The Shadow on the Stone” gives insight into the psyche of Hardy after his first wife’s death, yet how does someone come to such a conclusion. Through the understanding of the strategic usage of several literary and poetic devices his audience is able to discern their pertinence to the comprehension of Hardy’s message. This poem is not necessarily difficult for the average reader to grasp, its value as a work of poetic prowess is found in the power of impression....   [tags: Shadow Stone Hardy Essays]

Better Essays
1077 words (3.1 pages)

The Role of Women in The Stone Diaries Essay

- The Role of Women in The Stone Diaries      Gender inequities have existed since the beginning of time.  The various roles assigned to men and women in society have served to perpetuate differences that even until the present have not been overcome.  These gender differences are evident in The Stone Diaries by Carol Shields.  Initially the main character, Daisy Goodwill, is a pathetic, weak woman whose only joy comes from appreciating the small things in life.  After a series of personal events, she changes dramatically and becomes a stronger individual.  Daisy’s continual need for self-reliance is fulfilled by the changing society around her....   [tags: Stone Diaries Essays]

Better Essays
2800 words (8 pages)