In anticipation of the new press, TBI entered into a contrac…

In anticipation of the new press, TBI entered into a contract with Delta, Inc. to sell an existing press for $35,000. Delta has paid the purchase price to TBI and is to pick up the press, at its own expense, upon notice that TBI is taking delivery of its new press from Beta (above).

Ruth Burns has concerns about the spending habits of company…

Ruth Burns has concerns about the spending habits of company president Bob Burns. Late last year, she confronted Bob about approving expenses for the new building project without first securing board approval. She also confronted him about his claiming a substantial amount in reimbursement for personal expenses not approved by the board.