SmartBrief
0
Confirm favorite deletion?
Business Associations Keyed to Bainbridge
Fliegler v. Lawrence
Citation:
361 A.2d 218 (Del. 1976)Facts
In November, 1969, defendant, John C. Lawrence in his individual capacity, acquired certain antimony properties under a lease-option for $60,000. Lawrence offered to transfer the properties, which were then a ‘raw prospect’, to Agau. However, they agreed that the corporation’s legal and financial position would not permit acquisition and development of the properties at that time. Thus, it was decided to transfer the properties of USAC; it was also decided to grant Agau a long-term option to acquire USAC if the properties to prove to be of commercial value. In January 1970, the option agreement was executed by Agau and USAC. Upon its exercise and approval by Agau shareholders, Agau was to deliver 800,000 shares of its restricted investment stock for all authorized and issued shares of USAC. In July 1970, the Agau board resolved to exercise the option, which was approved by majority vote of the shareholders. Subsequently, plaintiff instituted this suit on behalf of Agau to recover the 800,000 shares.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:
Identifies the topic of law and where this case fits within your course outline.Parties:
Identifies the cast of characters involved in the case.Procedural Posture & History:
Shares the case history with how lower courts have ruled on the matter.Case Key Terms, Acts, Doctrines, etc.:
A case specific Legal Term Dictionary.Case Doctrines, Acts, Statutes, Amendments and Treatises:
Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:
A Synopsis of the Facts of the case.Rule of Law:
Identifies the Legal Principle the Court used in deciding the case.Facts:
What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.Issue(s):
Lists the Questions of Law that are raised by the Facts of the case.Holding:
Shares the Court's answer to the legal questions raised in the issue.Concurring / Dissenting Opinions:
Includes valuable concurring or dissenting opinions and their key points.Reasoning and Analysis:
Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
Policy:
Identifies the Policy if any that has been established by the case.Court Direction:
Shares where the Court went from here for this case.
Topic Resources
17m 8sTopic Outline 
Topic Refresher Course 
Topic Charts & Notes 