Dracca Sold much of its feeding equipment

timer Asked: Jul 31st, 2014

Question description

Dracca sold much of its feeding equipment line to a retailer known as Baby Boutique (BB). BB was a partnership formed between friends Beth Brown, Silvia Gray, and Valerie White. BB was behind on its payments and owed Dracca over $500,000 for delivered feeding equipment. Eventually, Dracca sued BB and obtained a judgment for $500,000 in Dracca’s favor. The board of directors for Dracca decided to seek enforcement of the judgment against Silvia Gray, acting on a tip that Ms. Gray had just inherited a large sum of money and that the other partners had no personal assets. As it turned out, Ms. Gray had sufficiently dispersed her inheritance money and did not have the funds to pay the judgment. Dracca incurred substantial attorney fees in attempting to collect its judgment from BB. The

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