In Creating ABZ Inc

question 34

Essay

In creating ABZ Inc. ,Newman and Zimmer followed all the steps in the incorporation process as authorized in their state's incorporation statute except for the appointment of a statutory agent.They were never informed of the oversight and proceeded under the assumption that they were properly incorporated.Several years later,a customer was injured by one of their products.The customer's lawyer told Newman and Zimmer that they were individually liable because ABZ Inc.was not properly incorporated.Was the lawyer correct? Explain.

Identify the characteristics of late-onset alcoholism and its impact on older individuals.

Define and distinguish between various alcohol use patterns, including abstainers, social drinkers, and hazardous use.

Comprehend the challenges in screening and diagnosing substance use disorders (SUDs) in older adults.

Learn about specific screening and intervention tools for substance use disorders in older adults, such as BRITE.

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Definitions:

Third Party

An individual or entity who is not directly involved in a contract or transaction but may be affected by its outcome.

Distress

Severe anxiety, sorrow, or pain; in a legal context, the seizure of property to compel payment or performance of a duty.

Rental Arrears

The amount of money owed by a tenant for rent that has not been paid by the due date.

Seize and Sell

A legal process where authorities or creditors take and then sell the assets of a debtor to recover owed money.