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Business Law

Business Law

While browsing through a used car lot, Ortega was approached by a fast-talking salesperson who said, 'I've got a beauty that just came in. Take a look at that baby," pointing to a shiny, red Mustang. "It's a jewel, and I can let it go at a good price. You won't find a better car for the money anywhere." "What'll it get for mile

The Statute of Frauds and The Rights of Third Parties

Why should you make sure all details of an agreement are included in a contract? Dyer purchased a used Ford from Walt Bennett Ford for $5,895. She signed a written contract, which showed that no taxes were included in the sales price. Dyer contended, however, that the salesperson who negotiated the purchase with her told her

What are the differences between substantive law, procedural law, criminal law, civil law, common law, and statutory law? Provide examples of each. What U.S. Constitution amendments were implemented to protect the rights of businesses and organizations?

What are the differences between substantive law, procedural law, criminal law, civil law, common law, and statutory law? Provide examples of each. What U.S. Constitution amendments were implemented to protect the rights of businesses and organizations?

Functions and role of law in business/society

Resource: Case Brief Cipollone v. Liggett Group, Inc., "Commerce Powers," (see attached) Define the functions and role of law in business and society. Discuss the functions and role of law in your past or present job or industry. Properly cite at least two references and format paper in APA format

Business Law Repealed Cases

Q1) A national scandal has erupted. Last week, while at her gym, a woman took a picture of one of former President George W. Bush's daughters in the shower with her new cell phone camera, and the picture has been disseminated throughout the world via the world wide web. Outraged, Bush authorized the Federal Commerce Commission

four major sources of legal liability

Four major sources of legal liability: 1. Liability to clients 2. Liability to third parties under common law 3. Civil liability under federal securities laws 4. Criminal liability Fully examine and present the topic Fully compare and contrast the topic to pre and post Sarbanes-Oxley Fully explain the impact the topic

On-Line Auctions: Beware of Kid Bids; Drawbacks Online Auctions

Research on-line auctions using the Internet. Using your research, answer the questions: Why should you beware of "kid-bids" (bids by children)? What are other drawbacks to on-line auctions? List websites you quote or cite at the bottom of your comments.

Legal Issues to Deal With as a Company If You Expand There

Your team is a large U.S. corporation that manufactures rubber tires, and you want to begin manufacturing and distribution in another country. As a team, choose a country that you think you would want to start a manufacturing plant in. As a Secretary: Research and write on the following issues: ?What are some of the legal

Discrimination Torts and Laws

When employees engage in improper workplace conduct, their employers are subject to liability. Not only can employers be held liable for employee torts, but they can also be held liable for other legal violations, such as discrimination. HR professionals need to be aware of these liabilities and help to educate employees about a

Advantages & Disadvantages of Each Business Structure

Assume that you are planning to open your own business. Describe your business and complete the matrix pertaining to the various types of legal business structures available to your start-up businesses. Identify the resources you use in your research and present them in proper APA format in the references section at the end of t

Legal Aspects of Business Decisions

Please prepare a case brief, using the web page below: "How To Brief A Case" (http://www.4lawschool.com/howto.htm) I have to follow these guidelines when preparing the case briefs. To prepare the stated case brief, I have to use: "The Matimak Trading Co. v. Khalily and D.A.Y. Kids Sportswear Inc. case and prepare a case b

Laws, Regulations and Labor

?Summarize the laws and regulations that affect labor relations. ?Describe how management and unions negotiate contracts. Summarize the practice of contract administration.

Even though accounting records go back hundreds of years, there was little effort to develop accounting standards until the 1900s. The first major effort to develop accounting standards in the United States came in 1939 when the American Institute of Certified Public Accountants formed the Committee on Accounting Procedures. As the number of standards increased, an issue called "standards overload" emerged. Essentially, the charge of "standards overload" is that there are too many accounting standards and that the standards are too complicated. Many individuals charging that standards overload is a problem maintain that more professional judgment should be allowed in financial accounting. Some individuals take a position that selected standards should not apply to nonpublic companies. Others take a position that "little" companies should be exempt from selected standards. There has been some selective exclusion from standards in the past. Examples of selective exclusion are the following: 1. Statement of Financial Accounting Standards No. 21, "Suspension of the Reporting of Earnings per Share and Segment Information by Nonpublic Enterprises." "Although the presentation of earnings per share and segment information is not required in the financial statements of nonpublic enterprises, any such information that is presented in the financial statements of nonpublic enterprises shall be consistent with the requirements of APB Opinion No. 15 and FASB Statement No. 14." 2. Statement of Financial Accounting Standards No. 33, "Financial Reporting and Changing Prices." This statement required supplemental reporting on the effects of price changes. Only large public companies were required to present this information on a supplementary basis. Required a. Financial statements should aid the user of the statements in making decisions. In your opinion, would the user of the statements be aided if there were a distinction between financial reporting standards for public vs. nonpublic companies? Between little and big companies? b. In your opinion, would CPAs favor a distinction between financial reporting standards for public vs. nonpublic companies? Discuss. c. In your opinion, would small business owner-managers favor a distinction between financial reporting standards for small and large companies? Discuss. d. In your opinion, would CPAs in a small CPA firm view standards overload as a bigger problem than CPAs in a large CPA firm? Discuss. e. Comment on standards overload, considering Statement of Financial Accounting Concepts No. 1, "Objectives of Financial Reporting by Business Enterprises." Particularly consider the following objective: Financial reporting should provide information useful to present and potential investors and creditors and other users in making rational investment, credit, and similar decisions. The information should be comprehensible to those having a reasonable understanding of business and economic activities and willing to study the information with reasonable diligence. Case 2-4 The FASB and the IASB have made progress towards convergence. The IFRS standards are considered to be more principles based than the U.S. rules-based GAAP. As of 2007, the IFRSs filled approximately 2,000 pages of accounting regulations.* When an IFRS or interpretation does not exist, then judgment must be used when applying an accounting policy. As of 2007, U.S. GAAP comprised over 2,000 separate pronouncements.â? Many of the U.S. pronouncements were dozens of pages, issued by numerous bodies.â?¡ Required a. "The IFRS standards are considered to be more principles based than the U.S. rules-based GAAP." Comment on the implications of this statement, including the legal implications. b. U.S. GAAP has been considered by many to be the best GAAP in the world. Should the United States give up its GAAP? Case RULES OR FEEL?

Case 1-1 Even though accounting records go back hundreds of years, there was little effort to develop accounting standards until the 1900s. The first major effort to develop accounting standards in the United States came in 1939 when the American Institute of Certified Public Accountants formed the Committee on Accounting Pro

The IFRS standards are considered to be more principles based than the US rules-based GAAP." Comment on the implications of this statement, including the legal implications. b. US GAAP has been considered by many to be the best GAAP in the world. Should the US give up its GAAP?

a. "The IFRS standards are considered to be more principles based than the US rules-based GAAP." Comment on the implications of this statement, including the legal implications. b. US GAAP has been considered by many to be the best GAAP in the world. Should the US give up its GAAP?

Contracts (Mail box rule)

Cantu was hired as a special education teacher by the San Benito Consolidated Independent School District under a one-year contract for the 1990-91 school year. On Saturday, August 18, 1990, shortly before the start of the school year, Cantu hand-delivered to her supervisor a letter of resignation, effective August 17, 1990. In

Labor Law: Using the Seven Tests

As you get coffee from the empty breakroom you see a document titled "Using the Seven Tests" laying on the table. Someone left it there. You pick it up, stick it in your binder and return to your office to look at the grievance form, the labor contract and this "Using the Seven Tests" article. You moan because the labor cont

Art, an executive with Azure Corporation, plans to start

Art, an executive with Azure Corporation, plans to start a part-time business selling products on the Internet. He will devote about 15 hours each week to running the business. Art's salary from Azure places him in the 35% tax bracket. He projects substantial losses from the new business in each of the first three years and expe

Sharing of copyrighted materials

Here's a link to a news story of interest: http://www.npr.org/2012/01/21/145542226/privacy-lawyers-process-megaupload-copyright-case Several countries (including the US) took action last week to shutdown the file sharing site MegaUpload, and to arrest may of its key individuals. The allegation is that the site facilitated

ADR and court reductions

A towering state courthouse that opened in downtown Houston last year boasts 39 courtrooms and expansion space for more. But lawyers in that city say the new building, built to handle civil lawsuits, is often eerily empty. The reason: So few cases are going to trial. The federal courthouses in the northern district of Florida,

Hiring practices and legal compliance

Fisher, D. R., and Nobile, R. J. Employee selection: Best practices for reducing legal risk in pre-hire assessments. WorkLab Consulting, retrieved August 19, 2011, from http://podiaconsulting.com/pdfs/legal_selection_paper_f.pdf Select one of the following open positions and develop a pre-hire assessment plan to fill