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A creditor is not obligated to inform a guaranteeing corporation of failure to fulfill an underlying obligation
A company shareholder and director signed, personally and on behalf of a company, a cross-guarantee for a sibling company.
Failure of client to furnish the bank with required documents may lead to closing of the account
A bank decided unilaterally to close the accounts of three companies and their shareholders because of "red flags" that caused it to fear that these accounts were involved in money laundering.
Lasting Power of Attorney – Payments from the Hereafter or from this World
Although inheritance may sometimes be some economic consolation, which is of course minimize compared to the huge personal pain, the heirs are often forced to deal with a cold reality in the most painful era, dealing with the deceased creditors or liabilities, neglection of which may result in debt collection, foreclosure, fines, interest and so on.
An employer who failed to furnish an employee with a notice of employment terms may be obligated to a higher salary
A terminated employee contended that his salary slips did not reflect his actual high salary and that no provisions were made to pension funds although they were deducted from his salary.
An apartment purchaser is entitled to compensation for late delivery even if requested to make changes to the apartment
A contractor refused to pay compensation to apartment purchasers for a delay of about eight months in delivery of possession, inter alia, because the purchasers requested many changes to the apartment.
Transfer of shares carried out in breach of the company’s bylaws is invalid
A shareholder contended, inter alia, that another shareholder had taken over his shares and recorded them under his name in the Companies Registrar without any authority.
A material part of a franchise agreement is added value of the chain to the franchisee and in lack of which the agreement may be terminated
Franchisees of a chain of fruit and vegetable retailers canceled the franchise agreement, contending, inter alia, that the chain breached its commitment to provide them with a franchise support, including professional training, employee training, professional advice on business management and more.