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Business Law

Forward Contract Positions at Maturity for Two Stock Prices

At time zero you enter a long position in a forward contract on 8 shares of the stock XYZ at the forward price of $60.00. Moreover, you sell (write) 10 exotic options each of which gives the holder one share of the stock (only) if the price of one share is above $55.00 and which pays the holder $50.00 (only) if the price is belo

Business Law

1) If we have morality and ethics, why do we need laws? 2) Do we think that morality and ethics always view certain conduct the same way? 3) Does the law always coincide with accepted moral norms? 4) How should we respond when the law departs from our personal moral standards?

Overstepping authority by enforcing bans or place restrictions

The actions that states have taken to protect children from the alleged dangers of smoking. Louisiana banned smoking in automobiles if there were children present. The punishment for violating this law is a $150 fine or one day of community service. Arkansas soon followed suit, but only fines offenders $25. Texas is forcing

Pablo-Calmo versus Eller and Sons Trees: Labor Law/H2-BVisa

The Fair Labor Standards Act is the foundation of human resource policy in the U.S. Does it apply to non-U.S. citizens working in the U.S.? A recent decision in the case of Pablo-Calmo versus Eller and Sons Trees in North Carolina, reclassified the case as a class action suit. Why? The tree planters, who are working under H2-B v

Designing a Managerial Incentives Contract Using Pay

Specific Electric Co. asks you to implement a pay-for-performance incentive contract for its new CEO. The CEO can either work hard with a personal cost of $200,000 or reduce her effort, thereby avoiding the personal cost. The CEO faces three possible outcomes: her company experiences good luck with probability 0.3, medium luck w

Consumer Choice Theory

Give an overview of economic behavior in its four aspects and tell which of them is most useful to your work situation. Economists often employ a set of graphical tools to illustrate how individuals make choices ("Theory of Consumer Choice"). Define each one: (a) individual objectives, (b) indifference curves, (c) opportuni

Difference between negligence and gross negligence

What is the difference between negligence and gross negligence? Include an example of case law that helps identify this difference (For example, Milne v. USA Cycling Inc.) But, please do not use Milne v. USA Cycling Inc.) Be sure to: 1) identify the legal source of the issue, 2) properly cite any sources, and 3) use APA form

Valid Inter Vivos Gift

Unfortunately, your grandmother is terminally ill and confined to bed rest. On one of your visits to her, she states to you, "I want you to have your grandfather's watch when I pass away; it is what he would have wanted." A week later she passes away, the watch is found in her desk and you discover that she made the same promise

CPA's and Audit Reports

Examine the effects of the Sarbanes-Oxley Act on the CPA profession, including both positive and negative effects. Examine the role of the American Institute of Certified Public Accountants, including its influence and limitations. Analyze the 10 generally accepted auditing standards. Illustrate the use of two stan

Binding Arbitration For Homebuyers

Thomas Becker and others who brought new home from Osborne Development Corporation sued for multiple defects in the houses. When Osborne sold homes, it paid for them to be in a new home warranty program administered by home buyers warranty. When the company enrolled a home with home buyers warranty, it paid a fee, filled out a f

AC499 Unit 7 Project Taxation Individual

AC499 Unit 7 Project Taxation Individual 1. For each of the following cases, indicate the filing status for the taxpayers) for 2010 using the following legend: A - Single B - Married, filing a joint C - Married, filing separate returns D - Head of household E - Qualifying widow(er) a. Linda is single and she supports her mot

Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property. Where do you stand on this issue? Why?

Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property. Where do you stand on this issue? Why?