The parties agree that Broker will receive a commission calculated as follows: (1) % of the gross sales price if Client agrees to purchase property in the market area; and (2) if Client agrees to lease property in the market a fee equal to (check only one box): ____% of one month’s rent or ____% of all rents to be paid over the term of the lease.
Provides for an amendment to the Texas Constitution that states that “public use” does not include taking property that will be transferred to a private entity for economic development or enhancement of tax revenue
Public Use is required for a governmental entity to have the right to exercise eminent domain
Despite agent’s testimony, the court held that the language was clear; namely, that the language says that the sellers did not have any minerals to convey but did not say that they were reserving any minerals
App. Ct. permitted the piercing of the veil because it determined the evidence at trial was sufficient to permit the jury to conclude that the corporation was used for the purpose of perpetuating a fraud for the direct benefit of the affiliate
Piercing Corporate Veil usually occurs through allegations that corporation is the alter-ego of another or that the 2 entities are a single enterprise
Here, court held arrangement was a sham, was an alter-ego arrangement designed to avoid legal obligations