The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 17, Problem 4BCP
Summary Introduction
Case s ummary: W and J commenced an LLC. At the time of completion of project J demanded dissolution of LLC and buyout by W. W rejected the demand. J filed a case of dissolution on the disagreement in a buyout. Court barred any further work on the project until the dispute was settled. The trial court issued an order of dissolution for LLC as there was an absence of any fraud or frustration of purpose in this case.
To e xplain :Whether issuing forcefull dissolution of LLC by J is a judicious decision on his part.
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1. Dr. Webber joined the Gelder Medical Group, which was a medical partnership. Part of the agreement was that if for any reason his association with the group ended, he would not practice medicine for five years within 30 miles of the Village of Sidney, where the partnership was located. The agreement also provided that any member could be required to withdraw from the partnership upon a majority vote of the other members. Dr. Webber’s work with the group turned out to be unsatisfactory to his partners, who felt he was an embarrassment to the group. Dr. Webber refused to withdraw from the association after he was terminated by the other physicians. Two months later, despite his earlier agreement, Dr. Webber opened a medical office in Sidney. The partnership brought suit to prevent him from carrying on his practice. Could they do this successfully?
Chapter 17 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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