Thursday, September 12, 2019
Questions Pertaining to Mega Mountain and Columbia Food Company Essay
Questions Pertaining to Mega Mountain and Columbia Food Company - Essay Example Acting on inside information, Franklin gained an illegal advantage over other stockholders and profited from their losses. His actions were in direct violation of the Securities and Exchange Act of 1934. In order to prove its case, the Securities and Exchange Commission will need to secure the testimony of the executive secretary who shared the takeover information with Franklin. However, this testimony alone will not be sufficient to prove the case. If, as the scenario points out, the SEC has filed suit against Franklin and others, someone must have known about Franklin's entry into the executive offices to obtain information about the object of Mega Mountain's takeover. Using the testimony of both the executive secretary, and an informant who brought Franklin's activities to light, the SEC will be able to prove its case against Franklin for violation of the 1934 Securities and Exchange Act. Liuzzo and Bonnice (2006) define easement as "a right or interest in land granted to a party to make beneficial use of the land owned by another" (p. 321). Once an easement has been recorded, it cannot be sold or otherwise transferred. The question to be determined here is whether an easement was mentioned in the earliest available deeds of the two properties.