ACCT351_casebook_Spring_2013.pdf

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1、CASEBOOKACCT351:BUSINESSLAWIIDepartmentofAccounting&MISUniversityofDelawareSpring2013©SheldonD.Pollackrevised:02/05/13TableofContentsI.AgencyLawBolusv.UnitedPennBank3Pughv.ButlerTelephoneCo.6EdgewaterMotelv.Gatzke8II.SoleProprietorshipsandPartnershipsVernonv.Schuster12Vohlandv.Sweet15Zuc

2、kermanv.Antenucci18FrigidaireSalesCorp.v.UnionProperties20III.CorporationsCoopers&Lybrandv.Fox23Geringerv.WildhornRanch,Inc.andM.R.Watters25KinneyShoesInc.v.Polan28IntheMatterofShellOilCo.31Smithv.VanGorkom34CTSCorpv.DynamicsCorp.38IV.FranchisesCislawv.Southland42HolidayInnsv.Shelburne54

3、V.SecuritiesLawSECv.Howey49Hockingv.Dubois52Escottv.ChrisBar55SECv.TexasGulfSulphur63Chiarellav.U.S.67U.S.v.Carpenter70StoneridgeInvestmentLLCv.Scientific-Atlanta72VI.AccountantsLiabilityRosenblumv.ToucheRoss77Herzfeldv.Laventhol,Krekstein,Horwath&Horwath82UnitedStatesv.ArthurYoung&Compa

4、ny86VII.EnvironmentalLawWhitmanv.AmericanTrucking91SolidWastev.U.S.ArmyCorps93O’Neilv.Picillo96UnitedStatesv.FleetFactorsCorp.99VIII.RealPropertyFordv.Venard103Cunninghamv.Hastings105IX.Wills&EstatesInreEstateofPotter108Baileyv.Clark1101I.AgencyLaw2RobertC.Bolusv.UnitedPennBankandEmmanue

5、lZiobroSuperiorCourtofPennsylvania363Pa.Super.247(1987)JUDGES:Wickersham,HoffmanandBeck,JJ.OPINIONBY:BECKThefactsofthiscasecanbebrieflysummarized.Since1970,RobertBolushadbeenengagedinvarioustruckingbusinesses.Hesoldtrucksandpartsfortrucks,repairedtrucksandtowedtrucks.Inconnectionwiththes

6、ebusinesses,Bolusformedtwocorporations,KeyBrockway,Inc.andD.B.&B.RealtyCo.,Inc....In1976,BolusdecidedtoexpandhisbusinessesbybuildingatruckrepairfacilityonatractoflandinBartonsville,Pennsylvania(the"Bartonsvilleproject").BoluscontactedtheBanktoobtainfinancingfortheproject.Boluswasreferred

7、toEmmanuelZiobro,co-defendantbelowandanAssistantVice-PresidentoftheBank.ZiobroorallyagreedthattheBankwouldprovidethefundingfortheBartonsvilleproject.BoluscontendedattrialthatZiobroassuredhimthattheBankwouldfundthepurchaseoftheland,constructionofthefacility,equipmentandinv