FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ichabod Crane, on behalf of his law firm, Crane Law, LLC., contracted with TOAD, a local radio station to create commercials. Ichabod, the sole
member of the firm, helped to create the commercials. Ichabod's voice was used, and the ads used his name and experience. The ads asked potential
clients to contact "defense attorney Ichabod Crane." TOAD was not paid for the airing of the advertisements. The total due was $25,000. TOAD filed
a law suit against Ichabod Crane both as member of an LLC. and personally. Pending the trial TOAD filed a request for a writ of attachment.
In support of the request, TOAD offered copies of the parties contracts, the transcripts of the ads, and the invoices as evidence of the debt. Ichabod
claimed he could not be held personally liable for the cost of the ads. TOAD argued that Ichabod Crane had been unjustly enriched (an equitable claim)
by TOAD's actions and to TOAD's detriment.
Instructions:
• What is the purpose of attachment?
• Do you believe TOAD is entitled to a writ of attachment in this situation?
m CST Sunday.
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Transcribed Image Text:Ichabod Crane, on behalf of his law firm, Crane Law, LLC., contracted with TOAD, a local radio station to create commercials. Ichabod, the sole member of the firm, helped to create the commercials. Ichabod's voice was used, and the ads used his name and experience. The ads asked potential clients to contact "defense attorney Ichabod Crane." TOAD was not paid for the airing of the advertisements. The total due was $25,000. TOAD filed a law suit against Ichabod Crane both as member of an LLC. and personally. Pending the trial TOAD filed a request for a writ of attachment. In support of the request, TOAD offered copies of the parties contracts, the transcripts of the ads, and the invoices as evidence of the debt. Ichabod claimed he could not be held personally liable for the cost of the ads. TOAD argued that Ichabod Crane had been unjustly enriched (an equitable claim) by TOAD's actions and to TOAD's detriment. Instructions: • What is the purpose of attachment? • Do you believe TOAD is entitled to a writ of attachment in this situation? m CST Sunday.
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