Alan Freeman Is in the Process of Forming a Corporation

question 115

Essay

Alan Freeman is in the process of forming a corporation in order to protect himself from liability in the operation of his construction/development business.The business is incorporated on November 1,1986.However,Alan was anxious to get started on a townhouse development.He signed contracts with subcontractors for the project during September and October.Discuss Alan's liability before and after incorporation.

Recognize the enforcement mechanisms for restrictive covenants.

Comprehend the concept and requirements of adverse possession.

Understand the implications of restrictive covenants on property use.

Recognize the significance and process of title searches in real estate transactions.

---

Definitions:

Job Enlargement

Increases task variety by combining into one job two or more tasks previously assigned to separate workers.

Task Variety

The degree to which a job involves a range of different activities requiring different skills.

Separate Workers

The process or policy of keeping workers apart from each other, possibly based on roles, tasks, or certain conditions.

Abdication

The act of formally relinquishing responsibility or authority over something.