[BUS2] A real estate developer, Ms. Hart, approaches Mr. Lan…
[BUS2] A real estate developer, Ms. Hart, approaches Mr. Lang, an officer of Apex Manufacturing, to ask whether Apex would be interested in purchasing a parcel of land located next to Apex’s main factory. Mr. Lang realizes the land would be highly valuable to Apex for future expansion, but instead personally purchases the property in his own name and later offers to lease it to Apex at a premium rate. Which fiduciary duty has Mr. Lang most likely violated?
Read DetailsFor questions 11 – 14, please refer to the following passage…
For questions 11 – 14, please refer to the following passage: Chef Adam Jones, a Michelin star chef (a highly acclaimed designation) invents a new meat grinder that grinds meat faster and more uniformly than any device on the market. He filed a U.S. provisional patent application for his invention on August 1, 2023. He markets and demonstrates the device publicly at a major kitchen appliance trade show on October 1, 2023, and even disassembles it, showing its components and how it operates, constituting an enabling disclosure, because a person having ordinary skill in the art could make and use the device from this public demonstration without undue experimentation. Chef Jones also wants to publish a cookbook that includes original recipes, cooking tips, and personal stories. He is concerned about protecting the way he expresses the recipes through his original expression. Chef Jones is planning to open several restaurants across the U.S., and wants a business structure limits personal liability, is easy to manage, avoids corporate formalities, and avoids double taxation. [Inspired by the movie “Burnt.”]
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