Rhode Island Business Law Questions & Answers

Q: i'm a v.p. share holder of a corp. my brother own's 60% i own 40% in our company. i want to retire my brother does not.

1 Answer | Asked in Business Law for Rhode Island on
Answered on Feb 6, 2017

Time to negotiate a buyout.
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Q: I expressed an interest in buying a business but now I'm not sure -- I'm not legally bound to buy it, am I?

1 Answer | Asked in Business Law for Rhode Island on
Answered on Jan 22, 2017

If you signed a contract, you may well be contractually obligated.
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Q: Is network news liable to a viewer/investor/voter if they entered into any contracts based on inaccurate media coverage?

1 Answer | Asked in Business Law, Communications Law, Contracts and Election Law for Rhode Island on
Answered on Dec 20, 2016

No. Fraud requires an intention to defraud, knowingly false statements and a duty of care to the other party. Largely the same for securities law purposes. News media are supposed to be accurate but do not have a legal obligation to investors, voters or even viewers.
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Q: What is the effect of votes of members at a meeting where a quorum is not present

1 Answer | Asked in Business Law for Rhode Island on
Answered on Jul 25, 2015

Check the applicable organizational documents. In some cases, it might make a difference if a quorum is present at first but not later in the meeting. Best to check with a local business lawyer.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal advice, and it may not work for your specific situation. It is impossible to evaluate a legal problem without...

Q: What to do about a business partner in breach of contract

1 Answer | Asked in Business Law for Rhode Island on
Answered on May 12, 2015

If you can't resolve the problems between you, it may be time to meet with an attorney and discuss your legal remedies.

Q: In Providence, Rhode Island. can a retail store sell my goods after 30 days without notice?

1 Answer | Asked in Business Law for Rhode Island on
Answered on Apr 23, 2013

Are you referring to a consignment/retail store? Each store has its own policy on how long they will hang onto items for sale, did you ever sign any paperwork consenting to their sale of your goods? The short answer is maybe, you will want to look at any agreement or paperwork that you completed with them before you proceed with a small claims case.

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