Here is the synopsis of our sample research paper on Radaszewski v. Telecom Corp.. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 3 page paper discussing a case in which an injured party sought to "pierce the corporate veil" protecting business owners from liabilities incurred by the business they own. As no one can foretell the future, the owners of a business need to ensure that they are insured for events that reasonably can be expected; once they have done that – as Contrux did – then they have met their general obligations. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSlawRad.rtf
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Unformatted sample text from the term paper:
Telecom Corp., an individual seeks to gain physical injury compensation from Contrux, a company created by and owned by Telecom Corp. Contrux had more liability insurance than required by
law, but its insurance carrier became insolvent and entered receivership two years after Radaszewskis motorcycle accident involving a Contrux truck. Contruxs insurance company was unable to pay the amount
that Radaszewski sought; Contrux also was unable to pay because it did not have sufficient operating profits or cash reserves. Radaszewski asked that Contruxs parent, Telecom Corp., be required
to pay the damages Radaszewski was seeking. Thoughts and Issues Undercapitalization Radaszewski wanted to argue that Telecom Corp. established Contrux without sufficient equity.
Contrux did need to ensure that it could meet obligations arising from liability; that was the purpose of its insurance policy. The fact that Contrux secured insurance in
an amount well beyond legal minimum levels indicates that Contrux operated in good faith in purchasing the insurance. Perhaps it did not investigate the insurance company well enough, but
the fact that the company was in operation and selling policies should and did serve as adequate "research" on the part of Contrux. Contrux had no means of ensuring
that the insurance company would be managed well so that it would be able to pay claims against Contrux. The entire insurance industry is highly regulated, so the fact
that the insurance company was operating with no disclaimers or any notification to customers that there was any possibility of insolvency in its short-range future relieves Contrux of the appearance
of any sinister motivations. Further, it is not in the best interests of any company to purchase something that is of no use to it. Had Contrux been
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