Archived
Coporate non-profit landowner. Member builds cabin on club property with permission. Member dies. Wills cabin to non member.
Yan's answer
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Answered on April 18, 2013
Mr. Natoli says it well: the land still belongs to the corporation, and the cabin is not, on its own, as an improvement, considered real estate...
Archived
Do you think I have a good case Unjust enrichment?
Yan's answer
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Answered on April 18, 2013
There are two main impediments: the deed to the house is in her name, and the gift letter evinces intent of exactly that: a gift. It will not...
Archived
Can my restaurant business partner run away to another state?
Yan's answer
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Answered on April 18, 2013
Let me add that you should be careful with the term "salary". Partners or shareholders do not have a salary, generally, unless they are also...
Archived
Can I use reverse mortgage to pay expenses on a house that I cannot sell due to life estate?
Yan's answer
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Answered on April 12, 2013
The interest you own here is a contingent one. As of present, you only have a future interest. Ignoring the age requirements on a reverse...
Can I sue a game company for wrongfully banning me from their services?
Yan's answer
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Answered on April 11, 2013
As someone who has played the occasional online game, I am aware of the growing body of pseudo-litigation in this field. Ultimately, your account...
Archived
I signed a non compete in Sep 2012(DNA collector) and the company closed the NY office in Feb2013. How valid is this 2yr agreem.
Yan's answer
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Answered on April 11, 2013
A covenant not to compete requires the party holding the right (your ex-boss) to sue you in order to enforce it. Based on the broad nature of the...
Archived
As a lender, what is the weakest form of security for the money i loan?
Yan's answer
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Answered on April 11, 2013
Oral, or a non-recourse loan to an entity. Really, my friend, there is a litany of "weakest" ways to loan, and only a few strong collateral sources.
Archived
If the seller's corporation is in inactive status, does the purchaser still have to pay the corporation on a note
Yan's answer
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Answered on April 11, 2013
Yes, it does, though the issue is whether there is still someone to pay the note to. However, the seller's failure to keep up with filings to the...
Are two businesses registered with the same name in NY state allowed to conduct business in New York city at the same time?
Yan's answer
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Answered on April 11, 2013
Also, a Church is not a business but a charitable organization (at least I hope it is), so the rules are a little bit different. Still, my...
Archived
Letter not to compete in buisness sale
Yan's answer
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Answered on April 11, 2013
If what you are saying is, in essence, that a potential buyer violated a non-disclosure agreement by using the methods he observed at your due...
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