Scot Jameson Johnston's Answers

What is the process for setting up a money lending business

In New York: You most likely need a license. There are a number of different licensing requirements, and which is applicable depends on various details of how you do business. One that's may be applicable is Banking Law section 340, which requires a license for those who make personal loans of $25,000 or less. Depending on what else you're doing (taking real estate mortgages as security? accepting deposits also?) you may be subject to some other fairly stringent state and federal...

4 people marked this answer as helpful

WA state business law, venture capital terminating contract for funding

Clearly, you've got to sit down with someone and walk through the facts in considerably more detail. Nonetheless, a few thoughts for you to turn over pending that meeting .... Obviously, as both you and I have already recognized, your situation turns on various details, some of which are: - Your equity position with the company. You say you're the only non-founder, but I'm not sure if you mean you're a "non-founder" in the narrow sense that you showed up two months after the other guys,...

2 people marked this answer as helpful

Under WA state contract law if product was accepted and used is customer entitled to refund, offer acceptance WA contract law

This is a UCC Article 2 question. Clearly, the buyer accepted the goods. For one thing, her guests ate them. I think it's safe to say that eating the cake is "inconsistent with the seller's ownership" of the cake. In any event, it's going to be awfully difficult for the buyer to return the cake. Acceptance of goods doesn't, however, eliminate the buyer's remedy for their non-conformity -- at least if the buyer's letter few days later was "within a reasonable time" after she discovered the...

1 person marked this answer as helpful

What constitutes "illegal" reasons for terminating at-will employment? What are "good" reasons for termination?

There are a number of particular circumstance which could affect this - just to mention an obvious one, if you're a member of union with a collective bargaining agreement - but absent those circumstances: The "illegal" reason for terminating at-will employment is because of discrimination on a basis that is prohibited by relevant law. The obvious ones, at least in Washington, are: race, gender, age (at least if you're over 40), disability, marital status and sexual orientation. That's not an...

I want to remove my exhusband from my home. He only pays the heating bill and will not move on his own.

If he's your EX-husband, then you must be divorced, and you must have a decree of dissolution, right? What does the decree say? If it says the house is yours, and it doesn't contain any provision that gives your husband the right to occupy it, then he doesn't have any more legal right to stay in your house than I do. You can call the police and tell them to get him out of there. If the decree gives him a right to occupy the house, then you'll need to move to modify the decree on some...

What is the procedure during a business stock purchase

What the seller wants to do, in more precise legal languge, is take a security interest (also known as a pledge) of the stock to secure the obligation to pay the balance of the purchase price that is owed to him. I don't know if I'd say this is "standard," but it certainly is common. Holding the certificates is one of the ways of "perfecting" a security interest in them. It's not necessary to have a third party hold them. In order to ensure that the terms of the pledge are agreed to and...