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Business Law

The Sarbanes-Oxley (SOX) Act was enacted in 2002 as a result of the Enron (and others) scandal. The goal was to ensure that investors get an accurate picture of a company's finances. Has SOX achieved its objective? Has it reduced fraud or increased fairness? Does it help or hurt U.S. capital markets? Has it increased costs for businesses appreciably?

The Sarbanes-Oxley (SOX) Act was enacted in 2002 as a result of the Enron (and others) scandal. The goal was to ensure that investors get an accurate picture of a company's finances. Has SOX achieved its objective? Has it reduced fraud or increased fairness? Does it help or hurt U.S. capital markets? Has it increased costs for

SEC and Sarbanes Oxley

We are discussing the SEC and SOX on my accounting class. The SEC or Securities and Exchange Commission. The laws that govern the Securities Industry. Securities Act of 1933 often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives: require that investors receive financial and

Internet Transactions as a Contract

1.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? 2.Think about a transaction--a contract--that you have entered into. For that transactio

Ries & Trout: are Immutable Laws of Marketing still Current?

I wanted to know if you have read or have knowledge of the book Ries and Trout "Immutable Laws of Marketing". For my discussion, I need the thoughts on the opinions and positions of Ries and Trout. Do their laws still apply? Consider how we communicate and respond in the 21st century, do basic laws of marketing change over

Explaining Legal Terms

Use all of the terms listed below to create a paragraph or scenario demonstrating that you understand the terms. Terms: plaintiff, burden of proof, district court, appeals court, Supreme Court, certiorari, arbitration, and punitive damages.

Business Law: Tort Liability, Product Liability

1. Consider your company or industry, or another organization with which you are familiar. For that organization, identify a common type of tort liability that can arise in the organization. What legal principles apply to that type of tort liability? 2. Select a product you are familiar with or interested in. What product lia

Insider trading issues for Reliant Electric's takeover

Dale Emerson served as the chief financial officer for Reliant Electric Company, a distributor of electricity serving portions of Montana and North Dakota. Reliant was in the final stages of planning a takeover of Dakota Gasworks, Inc. a natural gas distributor that operated solely within North Dakota. Emerson went on a weekend

Debra has operated a family counseling practice for a number of years as a sole proprietor. She owns the condominium office space that she occupies in addition to her professional library and office furniture. She has a limited amount of working capital and little need to accumulate additional business assets. Her total business assets are about $150,000, with an $80,000 mortgage on the office space being her only liability. Typically, she has withdrawn any unneeded assets at the end of the year. Debra has used her personal car for business travel and charged the business for the mileage at the appropriate mileage rate provided by the IRS. Over the last three years, Debra's practice has grown so that she now forecasts $80,000 of income being earned this year. Debra's has contributed small amounts to an Individual Retirement Account (IRA) each year, but her contributions have never reached the annual limits. Although she has never been sued, Debra recently has become concerned about legal liability. An attorney friend of hers has suggested that she incorporate her business to protect herself against being sued and to save taxes. Required: You are a good friend of Debra's and a CPA; she asks your opinion on incorporating her business. You are to meet with Debra tomorrow for lunch. What would be the points that you feel that should be discussed over lunch about incorporating the family counseling practice.

Debra has operated a family counseling practice for a number of years as a sole proprietor. She owns the condominium office space that she occupies in addition to her professional library and office furniture. She has a limited amount of working capital and little need to accumulate additional business assets. Her total business

Law for Bills and Paid Taxes

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12.

Applying Relevant Law as a Manager & Legal Forms of Business

1. Select a business activity or issue with which you are familiar. For that business activity in that industry or company, discuss how business managers apply the law that is relevant, and identify under what circumstances lawyers should become involved. Discuss alternative outcomes that could have arisen. Was the outcome the b

Davis v. The Board of County Commissioners of Dona Ana County case

Read the Davis v. The Board of County Commissioners of Dona Ana County case. 1. What was the legal issue in this case? 2. Why does the court conclude that Dona Ana County could be held liable for negligent referral (misrepresentation)? 3. Should it have mattered that the former employer's investigation was not able to conf

A business will only survive if it is profitable. Health care

A business will only survive if it is profitable. Health care organizations need to be cognizant and remain vigilant about all revenue dollars as well as potential expenses. a) What could be the sources of most of the revenues into a Chiropractic practice/business? b) List and discuss what could be the three highest exp

What would be evidence that the county had a valid BFOQ?

Can you help me get started with this project? The Case: The Milwaukee County Juvenile Detention Center started a new policy that required each unit of the facility to be staffed at all times by at least one officer of the same gender as the detainees housed at a unit. The purpose of the policy, administrators said, was to

State of Confusion

The state of Confusion enacted a statute requiring all trucks and towing trailers that use its highways to use a B-type truck hitch. This hitch is manufactured by only one manufacturer in Confusion. The result of this statute is that any trucker who wants to drive through Confusion must stop and have the new hitch installed, or

Practical Research - Sarbanes-Oxley Act

Can you help me with this assignment? - Compile the research data in written form as a completed project - Submit a written presentation to the Turnitin System The research question: Are the costs associated with compliance of the Sarbanes-Oxley Act outweighing the benefits that it provides to investors and the publi

Law firm needs to plan staffing levels for legal interns

Please help me with this operation question(s) The secretary for a law firm needs to plan staffing levels for legal interns for the next few semesters. She wants to use two years of historical lawsuit data to forecast the number of lawsuits likely to be received by the firm in the next month. She is considering four forecas

Age discrimination and the ADEA

The controversy of having age as a protected class (under the ADEA) continues to rage. Employers are repeatedly attempting to replace older workers with younger workers on the claim that the younger workers are naturally more productive. Do you believe this is the case? Further, the ADEA protects employees 40 years of age and ol

Contingency Plan Evaluation

Contingency Plan Evaluation Using a search engine of your choice, research and locate two contingency plans and use the information you find to fill out the evaluation table below. Contingency Plan and Source Plan A: Plan B: - Provide a brief overview of the community the contingency plan serves. - Describe

Contract Dispute: Can this contract by rescinded?

You are the manager of a large data processing project. Your company, Systems Inc., worked very hard to obtain a contract with Big Bank to do their conversions from their recent acquisition, Small Bank. The bank met with several companies to discuss who would do the best work on the contract. During your meeting with Big Bank, y

Reasons for Passing Act

In a succinct essay, summarize the specific reasons behind the passing of two of the following laws ( Railway Labor Act, Noris Laguardia Act, Labor Management Relations act, Landrum Griffin Act, Civil Service Reform Act) of the acts outlined in your text.

Restatement rule; accountant liability; deep pockets

Do you think the Restatement rule is better than the Ultramares doctrine in assessing accountants' liability to third parties? Business Ethics: Did the accountant act ethically in denying liability in this case? Contemporary Business: Are accountants often sued as 'deep pockets'?

Should disabled vets get preferential treatment

Explain the assessment of the problem pointing out the relevant utilitarian and deontological consideration. Check out the Disabled Veterans Affirmative Action Program (DVAAP) Also, "Most departments and agencies in the Federal government are required to have an affirmative action program for the recruitment, employment,

Laws not keeping pace with technological developments

Justin Ellsworth was a Marine who gave his life for his country. By all accounts he was a brave and fine Marine and we all owe him the highest debt of gratitude. But we were also left with a serious question, what to do with his email? His parents wanted access. They wanted to see what their son had to say. However, email i