One of your responsibilities as an officer of a financial institution is to decide whether or not to purchase (at a discount) the promissory notes that are payable to customers. What criteria should you use in making your decision to purchase these notes?
Your company, which is self-insured, faces thousands of products liability suits. The potential liability could reach hundreds of millions of dollars. Other than these suits, your company is financially sound and profitable. Should your company consider filing for bankruptcy protection? Please why or why not.
Your company operates a successful manufacturing plant in Ohio. The president of the firm wants to establish a second plant. You are charged with the responsibility of finding another location in the United States. What legal factors would you consider in reviewing possible sites and making a recommendation to the president?