From an ethical perspective, if LJL had been allowed to invoke the right-to-cure provision, could it have
Question:
Pilot Air Freight Corporation moves freight through a network of company-owned and company franchised locations at airports and other sites. Franchisees included LJL Transportation, Inc., which is owned by Louis Pektor and Leo Decker. The franchise agreement required LJL to assign all shipments to the Pilot network. The agreement also provided that “Pilot shall allow Franchisee an opportunity to cure a default within ninety (90) days of receipt of written notice.” After eight years as a Pilot franchisee, LJL began to divert shipments to Northeast Transportation, a competing service owned by Pektor and Decker.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
Question Posted: