[B LAW403] - Midterm Exam Guide - Everything you need to know! (19 pages long)

• School: University of Alberta
• Department: Business Law
• Course: B LAW403
• Professor: Jeffrey Bone

Document Summary

Vaccaro v. twin cities power canada ulc. Vaccaro was terminated by the defendant seeks to add an oppression action alleging the defendant acted prejudice as a creditor by organizing twin cities canada to insulate it from liabilities. Twin cities had an obligation to pay bonus and severance to vaccaro, the concern was whether they had the funds to pay its obligation to vaccaro, which they did not do. Twin cities closed and transferred their assets rendering vaccaro"s judgement unenforceable. Hunka v degner the court is concerned about not just what is legal but what is also fair. Deriving the question of whether there is evidence that the expectation of. Vaccaro was violated by conduct that was essentially oppressive. There was evidence to support the remedy under the business corporations act that the directors of twin cities took action in a manner that was oppressive to the creditors.