David Wallace was the president, chairman of the board of directors, and majority shareholder of Paper Imports, Inc. Acting as president, David Wallace negotiated a series of contracts that caused the corporation serious economic losses. As president, David Wallace failed to exercise the care of a reasonably prudent person acting in similar circumstances.
When substantial economic losses began to pile up, David Wallace insisted that the corporation breach a contract with Dunder Company in favor of a larger contract with Mifflin Enterprises. David Wallace hoped to reverse Paper Imports, Inc. economic decline through this contract with Mifflin, but the attempt failed. Paper Imports, Inc. insolvent and failed.
There were two lawsuits against David Wallace, (1) a creditor of Paper Imports, Inc. sued David Wallace alleging that the negligence of David Wallace had caused Paper Imports Inc. to fail to pay the creditor, and (2) Dunder Company sued David Wallace claiming that David Wallace caused Paper Imports, Inc. to breach its contract with Dunder.
Who would win in each of these lawsuits?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more