Case Study:
For those of you unfamiliar with the F.I.R.A.C Method of coming to conclusions regarding case studies of business law, first the person must state the fact, then the issues, the Law and finally show how that law applies and conclude on behalf of either side.
Fact:
Jim, Joe and Bob each owned one-third of the shares of Seizen, Inc., a closely held corporation. Each as employed by the corporation as an officer and director. The corporation was primarily involved in the real estate development business although occasionally it took advantage of business opportunities in areas un…
