Gift 47.1 For 12 years, Theodore Alexander Buders father made substantial gifts to his minor grandchildren. Theodore Buder and his wife divorced during this period. The cash gifts, typically in the form of checks made directly payable to the children, were given to Buder with the understanding that he would safeguard the money and invest it on behalf of the children. Buder invested various amounts of the childrens money in blue chip stocks traded over the New York and American stock exchanges. Buder also invested substantial sums of the childrens money in speculative penny stocks. The stocks were purchased in Buders name as custodian for the children, as required by the Uniform Gifts to Minors Act (UGMA). At one point, almost half of the childrens money was invested in penny stocks. All the penny stocks except one suffered substantial losses. Buders ex-wife, Sartore, sued him, alleging that he had breached his fiduciary duty owed to the children under the UGMA. She sought to recover the funds lost by Buders investment of the childrens funds in penny stocks. Who wins? Buder v. Sartore, 774 P.2d 1383, Web 1989 Colo. Lexis 227 (Supreme Court of Colorado) Buder as the trustee owes a fiduciary duty to his kids in regards to how he handles the gifts. The laws states that trustee cannot use a beneficiarys money in speculative ventures and with regards to this case it specifically sais that the stocks are speculative. When a trustee breaches their fiduciary duty, they can be held personally liable so the ex wife wins as the natural guardian of the children. 48.8 Adverse Possession Joseph and Helen Naab purchased a tract of land in a subdivision of Williamstown, West Virginia. At the time of purchase, there were both a house and a small concrete garage on the property. Evidence showed that the garage had been erected sometime prior to 20 years earlier by one of the Naabs predecessors in title. Two years after the Naabs bought their property,…
• Rogers has a Long History/ Known for High Quality Chocolate/ People either don’t know it or recognizes it as the best chocolate. /it is in strong financial position/ Years of experience in the chocolate industry…
Rogers’ chocolates were of the highest quality; and the company had many loyal customers around the world. The people who knew the brand were willing to pay for the product.…
Market size: Medium $167 million -Rogers chocolates are expensive, mostly sold in Canada and good for a limited clientele…
(b) House of Hunan, Fairlawn, has quality Chinese, Thai, vegetarian, & sushi choices. Ambiance is reminiscent of old Chinatown and it is often full of patrons. Great chicken dishes, good dumplings, and very good quality beef. Service is good, food is fresh and satisfying, and the price is fair value.…
Best brand image: Apple. (2013, September). DDI: Display & Design Ideas, 25(7), 77. Retrieved from http://go.galegroup.com/ps/i.do?id=GALE%7CA344153219&v=2.1&u=vic_liberty&it=r&p=ITOF&sw=w&asid=f0715863d3bd74a6f9a508c6765e85a1…
variables that occur in each stage. Provide an example of a product or service that…
Promotion refers to the act of communicating the benefits and value of your product to consumers. It then involves persuading general consumers to…
EXECUTIVE SUMMARY INTRODUCTION: THE COMPANY NEW PRODUCT IDEA CUSTOMER NEEDS AND WANTS TARGETED MARKET SEGMENT SWOT ANALYSIS BRANDING AND POSITIONING PRICING PROMOTION PLACE (MARKETING CHANNEL) APPENDIX 3 4 4 5 6 6 9 11 11 14 16…
A major university opened a new computer lab for their Business School students. Due to the large number of students enrolled in the business school the computer lab had an overwhelming demand. The business school computer was unable to meet the overwhelming demand s the students needed to the computer lab. Therefore, Rod Stevenson, the director of the Student Computer Center decided to hold focus groups. The objective of the focus group was to determine overall student satisfaction with the lab, identify current problem areas and collect student recommendations for improvements.…
Set up a team of 4 to 5 students. Select a company producing Shariah-compliant products in an industry of your choice. Develop a new product/product line for the company and prepare the MARKETING PLAN. You may find various marketing plan sample, one of which you can refer to the textbook (Lamb, Hair & McDaniel), Appendix A*. Generally a marketing plan should cover these elements:…
As Woodstock would primarily focus on the consumers’ requirement of style and comfort, when we applied the variables to define our segment, we obtained the following results:…
The group project will be in the form of BUSINESS REPORT of 4,000 - 6000 words. While the format may normally be a business report, it is important that you read the following carefully and in consultation with your faculty decide on the best format to use in the work. In Marketing there are no "model answers" to situations and thus there is not a single correct way of dealing with the topic that you choose. The distinction between a good answer and one that is not so good is in the analysis and clear response to the topic/s. In your report, provide justification for the solutions that you suggest.…
Jaguar is one of the largest secondary sectors in the world, they manufacture luxury cars and they operate in a 169 countries and have 1200 employees. Jaguar has four main site in the UK which include Castle Bromwich, Brown Lane, Gaydon and Whitely.…
1. How do Southwest’s marketing objectives and its marketing mix strategy affect its pricing decisions?…