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Business Law

Law and business today, four components that make up legal astuteness

Law and Business Today Please respond to the following: Looking at the legal environment of business today, discuss where you see the law has fallen short for businesses or consumers. Review the four components that make up legal astuteness and rank order the four components in order of most valuable to managers in today's

how much power one party will have over the other in contract negotiations

When a contract is negotiated with a vendor for procurement of costly and special products, rather than off-the-shelf products, there can be a lot of negotiations. There will be conflicts that need to be resolved regarding matters such as price and penalties for non-compliance. In such negotiations, the party that has more power

Business Law

Reference reading is Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues, 7th ed., by Henry R. Cheeseman (Upper Saddle River, NJ: Pearson/Prentice Hall, 2010). Members of Students for Fair Tuition (SFT) decide to protest rising tuition costs at Gigantic State University (GSU) by taking

holder in due course

Bridezilla Wedding Planning issued two checks totaling $150,000 to BabyCakes Bakery for wedding cakes it had purchased. BabyCakes Bakery endorsed the checks over to the law firm of Shark & Shyster as payment for a retainer. BabyCakes Bakery, soon after, collapsed as a business, and Bridezilla Wedding Planning stopped payment on

Non-Compete Agreement

You are the attorney for WABC, a New York City television news outfit, and you are in charge of drafting a non-compete agreement for the new anchorperson Bob Bobswell. Bobswell was born and raised in New York, but educated in California. His most recent job was as an anchorman in Minnesota. Assuming that non-compete agreements

Walt Shoddy, the owner of Shoddy Shoe Repair, was contemplating retirement

Walt Shoddy, the owner of Shoddy Shoe Repair, was contemplating retirement. He therefore contracted to sell the business to Pauline Parker. Shoddy Shoe Repair was located in Hoosierburg, Indiana, which has a population of 5,233. Besides containing a provision entitling Parker to use the Shoddy Shoe Repair name for the business,

Contracts

Herschel contracts with Ivy to buy a certain coffee shop, Java Jive, for Ivy, who asks Herschel not to reveal her identity. Herschel makes a deal with Kendal, the owner of the restaurant, and makes a down payment. Ivy fails to pay the rest of the price, and does not pay Herschel for his services. Does Herschel have any recourse

Employment contract

Rebuilding The Employment Contract: Practices, Policies, and Politics: Regarding the above broad topic, please review an employment contract. This can be your own or that of someone you know or one found online. Read it carefully and fully. Tell me what you learned by reading the contract. Did you understand the terms

Discussion on Sweatshops

Many celebrities, such as Kathy Lee Gifford, and top manufacturers, such as Nike, have been accused of producing their wares in "sweatshops." Define sweatshop. Would you buy a product if you knew it was made in a sweatshop? Why or why not?

Internet transactions involving contracts

What are some special issues that arise in Internet transactions involving contracts as compared to traditional transactions involving contracts? What should business managers do to protect their organizations in Internet transactions?

Business Law

Read the information contained in the "How to Form A Single Member LLC" (see attachment) and provide a brief summary of your research findings.

This posting addresses the UCC and related areas.

1. Article 2 of the UCC governs the sale of goods. True False 2. Article 2 of the UCC with respect to firm offers in general establishes more stringent rules for non-merchants than for merchants. True False 3. A contract with a seller in NY that states delivery is "FOB New York" is a destination contract. True False 4.

Business Law Alternative Methods

1.) Discuss how the following could occur given what Article I, Section 7 of the Constitution says. Is this decision wrong? 2.) Select a case and explain how it is processed throughout the various legal phases. Because most cases never make it to trial, it is also important to consider alternative methods of dispute resolutio

UCC, business law, contracts, and drafts

1. The UCC has been adopted, either in whole or in part, by every state in the United States. True False 2. What is customary in the computer business would be called usage of trade. True False 3. A thief can transfer good title to an innocent purchaser of stolen goods. True False 4. In a shipment contract, risk o

This posting addresses legal issues with web sites.

Today, an ever increasing percentage of our purchases take place using the Internet. Most every brick-and-mortar retailer also has a website; in addition there are many on-line only sellers as well. Let's discuss in general how we think the law should respond to this changing retail environment. Has the law kept up? Are online r

Unearned Service Contract Revenues

Felton Co. sells major household appliance service contracts for cash. The service contracts are for a 1-year, 2-year, or 3-year period. Cash receipts from contracts are credited to unearned service contract revenues. This account had a balance of 480,000 on December 31, 2009 before year-end adjustment. Service contract costs

Government Regulatory Requirements

How do government regulatory agencies and laws impact business organizations? Choose one or two specific governmental regulatory requirements, and explain what effects they have on business organizations. Determine methods for managing the legal risks and compliance issues that arise because of these requirements.

Anti-discrimination laws

Federal laws enacted over the past 50+ years seek to deal with discrimination in employment. The kinds of discrimination addressed range from gender to race, and other categories as well. Are these various anti-discrimination laws necessary? Do they continue to serve a valid purpose? Is discrimination in the workplace a problem

This posting discusses Levy and Associates hidden cameras

Levy and Associates installed a hidden camera in its offices after several employees complained of theft. The secret cameras were installed in the area where only female employees worked because a manager had a "feeling" that they were the ones responsible for the thefts. The surveillance cameras rotated 360 degrees and filmed o

Kelo v City of New London

Should the government be able to take private property for the sort of purpose involved here? What are the limits on the right of the government to take property? Should their be limits so long as the government pays a fair price? Here's a link to a discussion on wikipedia about the case of Kelo v. City of New London: Kelo v

This posting addresses Emily's entitlement rights.

Emily had a wonderful twenty-first birthday celebration. Her boyfriend gave her a mini-DVD camcorder, and her sister gave her a $50 gift certificate to Tom Shea's, a popular seafood restaurant. Emily's grandfather telephoned her from Florida to say his present to her was his convertible sports car. She could pick it up at his wi

Business tax law

Northwest Brands, Inc., is a small business incorporated in Minnesota. Its one class of stock is owned by twelve members of a single family. Ordinarily, corporate income is taxed at the corporate and shareholder levels. Is there a way for Northwest Brands to avoid this double-income taxation?

Title transfers under UCC Article 2

What are the different ways that title transfers under UCC Article 2? Which party bears the risk? What distinguishes a sale on approval, sale on consignment, and sale or return under UCC Article 2? What are the remedies for contract breach available under UCC Article 2? What are the types of warranties available under

Legal Aspects of Business Decisions: Infringement or Request for Revocation?

In 1985, Dr. Klutz Bumpkin of State X discovered a nitrogen-phosphate compound that was inexpensive to manufacture and served as a superior fertilizer for legumes. Dr. Bumpkin's discovery, however, was never patented in State X. Instead, information about the compound, which came to be called Nitrophos, was published in a variet