Analysis of Pietra Korda vs. Anna Kim Case - Assignment Example

Summary

The author of the following paper "Analysis of Pietra Korda vs. Anna Kim Case" argues in a well-organized manner that the bank has no legal mandate to sue Kim since she has no obligation to continue paying the mortgage on her own through K1 solutions…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER98.1% of users find it useful

Analysis of Pietra Korda vs. Anna Kim Case

Read Text

Subject: Law
Type: Assignment
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 0

Extract of sample "Analysis of Pietra Korda vs. Anna Kim Case"

K2 Solutions was an IT consultancy business that was run by a joint partnership between Anna Kim and Pietra Korda.Rule StatementSince the building was bought under K2 solutions that were a partnership between Kim and Korda, after the dissociation of Korda from the partnership, Kim had no legal obligation to continue paying the mortgage through K1 solutions.Analysis SectionK1 and K2 solutions are businesses that were run under two different management. K2 solutions was a partnered business between Kim and Korda whereas Kim only ran K1 solutions.

Since the mortgage was bought by the partnership of both Kim and Korda to run K2 solutions, it was mandatory for them to continue paying the mortgage under legal obligations. But when one partner decided to no longer be a member of the joint partnership, the other partner cannot continue to pay under a different business framework that is not jointly owned. If such a member ceases to complete the payment of the mortgage, there is no way the bank can sue him as an individual. In this case, Kim had no obligation to continue paying the mortgage that she owned with Pietra.

They both had a legal obligation to pay the bank under joint partnership but not through a business that is owned by one of the partners.

Cite this document

APA
MLA
CHICAGO

(Analysis of Pietra Korda vs. Anna Kim Case Assignment - 5, n.d.)
Analysis of Pietra Korda vs. Anna Kim Case Assignment - 5. https://studentshare.org/law/1882786-the-topic-can-be-proposed-by-the-writer

(Analysis of Pietra Korda Vs. Anna Kim Case Assignment - 5)
Analysis of Pietra Korda Vs. Anna Kim Case Assignment - 5. https://studentshare.org/law/1882786-the-topic-can-be-proposed-by-the-writer.

“Analysis of Pietra Korda Vs. Anna Kim Case Assignment - 5”. https://studentshare.org/law/1882786-the-topic-can-be-proposed-by-the-writer.

Cited: 0 times

CHECK THESE SAMPLES OF Analysis of Pietra Korda vs. Anna Kim Case

Case analysis: the Black Balloon

… case analysis: the Black Balloon ... his case analysis focuses on a number of aspects and issues pertaining to Thomas' character.... Nevertheless, the focus of this case study is the character of Thomas, the younger brother.... Character analysis: Thomas Thomas Mollison is a shy 15-year old kid who has initial issues with adjusting to a new environment....

11 Pages (2750 words) Case Study

Ford Company Limited Case Analysis: Strategic Issues

FORD case ANALYSIS Company introduction Ford is an American Automaker.... It is the third largest automaker in the world.... Ford Company has been around for a period of 100 years.... It was founded by Henry Ford in the year 1903.... Initially the company was named Detroit Automobile Company....

10 Pages (2500 words) Case Study

The Promotion of Male Marital in the Relationship

As per my analysis of the case, it comes easy to state that the female partner in the marital status is typically reacting like most of the women who would communicate to express emotions and feelings.... Family: case Study Analysis [Name of Student] [Name of Instructor] [Name of Course] [Date] Family: case Study Analysis The case under review provides an insight to the communication between the two couples who have to move to another place because of the promotion of male marital in the relationship....

3 Pages (750 words) Case Study

Analysis of Biopsychosocial Case

"analysis of Biopsychosocial Case" paper analizes The case of Bertha Pappenheim who was also called Anna presents with the findings of multiple personality disorder conditions.... Her case presents an insight into the effects that this condition can have on an individual's life.... It was believed that in the case of Anna she was a target of emotional as well as sexual exploitation and it was this trauma that led her into the condition of multiple personality disorder....

4 Pages (1000 words) Case Study

Eastman Kodak Company - Industry and Market Segment

The following is a case analysis of Eastman Kodak with emphasis on its industry, Photographic and Optical Equipment/Supplies.... analysis of Industry and Competitors Eastman Kodak (EK) is a firm operating under Photographic and Optical Equipment/Supplies Industry commonly referred to as Consumer Durables and Apparels.... The following is an analysis of Photographic and Optical Equipment/Supplies Industry under which EK operates and its level of competition....

8 Pages (2000 words) Case Study

Zimpfer v Palm Beach County

Human Resource case Studies Name Institution Tutor Date Human Resource case Studies Zimpfer v.... In the above case, 84 percent of the employees are below 49 years of age.... The case was filed because 26 African-Americans out of 51 applicants failed the intelligence test and could not be given an interview.... In this case, there is no evidence of disparate impact since the company did not discriminate against the African-Americans....

5 Pages (1250 words) Case Study

Kim Bassingers Final Analysis

hellip; An analysis of the plaintiff and defendant's arguments and on Main Line's potential $3 million “Boxing Helena” film revenue from domestic distribution, Main Line's maximum and minimum lost profit, which is $9.... It must be noted here that the operative word on the $3 million revenue is ‘potential'; hence the amount is the estimated revenue from making the film with Kim Bassinger thus it is relevant to the case.... Bassinger is a relevant cost to the case....

3 Pages (750 words) Case Study

Kim Jung Eun as the Destiny of North Korea

The paper presents the history and destiny of North Korea which has been entwined with the family of kim Il Sung and the most recent declared head of state, kim Jung Eun is the third in line from the same family that has dominated economic and political affairs of the country.... The third in line – kim Jung Eun has already received bad press alleging the abuse of farming officials, in much the same vein as his father and grandfather.... kim Il Jung first came to power when North Korea separated itself from the South and declared itself a separate country on 9th September 1948 in the post-IInd World War era....

6 Pages (1500 words) Case Study