Discuss what documents one would want to examine and how one would acquire these documents in each
Question:
Discuss what documents one would want to examine and how one would acquire these documents in each of the following situations:
A. The president of someone's client, ABC Company, comes to him and asks him to represent ABC Company in negotiations to acquire all of the stock of Nox Company. The president tells him that he is a little concerned about the potential liability associated with the Nox Company Retirement Plan, which "hasn't been run too well in the last several years."
B. Someone's client Barbara comes to him and asks him to represent her. Barbara's child Cathy has a rare form of cancer. Cathy's doctor has told Barbara that the Mayo Clinic has developed a new treatment for this type of cancer, and the preliminary results are promising. The treatment costs $450,000 if it is not covered by the patient's health insurance policy. Barbara has family coverage under a group insurance policy through her employer, Echo Company. Barbara spoke to the Echo Company human resources manager about whether the plan would pay for Cathy's treatment under the Mayo Clinic program. The response of the human resources manager was "I doubt it—it sounds experimental to me. Our health insurance plan doesn't cover experimental treatments." Barbara is concerned about "making a big deal of this at work by bringing a lawyer into it," but nevertheless wants him to advise her concerning her rights under her health insurance plan.
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding