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Corp questions 4.docx - During the next few years, the...

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During the next few years, the business did well and Helmut was supervisinga staff of 10 persons. Homer and Marge keep meticulous records of receiptsand payments, but did not document certain corporate transactions, such assalaries and shareholder meetings. In one year the corporation paid six ofMarge’s monthly home mortgage payments because she was having severefinancial problems. Also during this period, Vircon borrowed $150,000 fromNice Bank to be used as working capital.One day Helmut, an employee of Vircon, driving negligently, severely injuredThelma and her prize poodle Fifi in a car accident while he was on his wayback to work after visiting a new client located about 5 miles from the office.Thelma and Fifi live in Arizona and were only in Los Angeles, where theaccident occurred, to get Fifi groomed by her favorite stylist for her next show.Needless to say, Thelma is furious and plans to sue Vircon and Helmut for at
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Term
Spring
Professor
GUERIN
Tags
Corporation, Legal Theory, Vircon, Thelma sue Homer

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