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Nunizworld Nunizworld
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6 years ago
Sale of Assets. Mike and Peter Schwadel were major shareholders in HJU Sales & Investments, Inc Over several years the assets of the corporation had been sold off until only one asset remaineda restaurant called The Place for Steak. The Schwadels sued the president and third major shareholder of the corporation, Hy Uchitel, when he entered into a contract to sell this remaining asset. Florida state law prohibits the sale of all or substantially all of a corporation's assets without shareholder approval. The Schwadels sought an injunction to prevent the sale of the restaurant. Will the court grant the injunction?
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umass508umass508
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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