See below Coursework Example | Topics and Well Written Essays - 250 words - 1

See below - Coursework ExampleThe case involves a limited company, formed by three people, and an employee to ling ko. The company sends heather mixture to a computer show and while driving to the show market the companys products, she negligently causes an accident and injures a pedestrian, Singer. Singer has sued the company, its owners, and Heather for damages. The provide for determination is whether a limited liability company is liable torts committed by its members of employees. A limited liability company is liable for any disability caused by its owners, employees or agents, while in the course of duty, but are not liable for torts such as negligence to which tortfeasors are personally liable. Heather is therefore liable to Singer (Cheeseman 662).Melony is one of the four members of iNet.com, a limited liability company. The members develop a product and agree to purchase a specify for the production in six months time. Melony however sells the idea to a competitor and this leads to a $ 100 million loss to the company. The issue for determination is whether Melony is liable to iNet.com for the losings and morality in Melonys act. Rules of Limited Liability Company establishes a duty of care among all members of a member-managed company. The case identifies member-management and Melony is liable to the company for her actions into the loss. Melonys action is also unethical because it leads to financial loss to her co-members (Cheeseman 664-