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Business Law

LLC tax law

Eric Stratum and Terese Brown formed ESTB, L.L.C., a member-managed limited liability company created for the purpose of owning and leasing a residential apartment building. The term of the LLC was 25 years. Their operating agreement provided that each owned 50 percent of the LLC. Stratum contributed $120,000 cash as his contrib

Altman versus Steve's Music Store Inc.

In the case of Altman v. Steve's Music Store Inc, we have to role play. Thus we are the defendant in this case, so we need the summary or essay for defendant in this case. Here is the source:

Sarbanes Oxley

Have you ever thought about why companies have to reinvent themselves, just to keep from having to go out of business, because of changing business conditions? Please give your comments and thoughts. Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of

This post addresses choosing a joint venture partner.

A US inventor has developed and patented a new running shoe that can increase a runner's speed substantially. He got two proposals from two different companies who would like to form a joint venture with him. One company is a French sportswear giant which has a marketing and distribution system in every major city in Western

Liability under CSIG

Bello Wine Co. in France produces and exports wines. It sold 1,245 cases of its wine to Tippler Distributing Co., in the United States. The contract did not use any trade terms or specify any delivery terms to any specific destination. Bello, through its agent in the United States, selected Bigport for the port of entry in the U

case analysis of a court case

Complete a case analysis. Read the following case and prepare a brief summary of the case. Lee v. Weisman, 505 U.S. 577 (1992). Format of the case analysis: Case Name Case Citation Plaintiffs.List all plaintiffs and explain who they are and the positions they hold or reason they are a plaintiff. Defen

Public Health Service Act

Title X of the Public Health Service Act provides federal funding for family-planning services. Section 1008 of the statute specifies that none of the federal funds provided under Title X are to be "used in programs where abortion is a method of family planning." In 1988, the Secretary of Health and Human Services issued new reg

Non-contract Theories of Recovery: Promissory Estoppel, Hernandez sued UPS

Promissory Estoppel: In July 2006, Hernandez was employed by Nestle as an industrial engineer. Hernandez learned of a job opening at UPS Supply Chain Solutions, Inc., and applied for it. He interviewed with UPS representatives and received a written job offer from UPS for a management trainee position in the El Paso, Texas, I

Dollar Value for fair pricing; Lawyers and length of cases

Question # 1 When doing business with a foreign company, would you take into consideration the conversion rate of the dollar in order to determine a "fair" price for the products or would you simply charge what the goods are worth? Why or why not? Question # 2 It seems as if some lawyers use the media and trials to mak

Securities Act

Read the below and answer in regards to article: Do you feel the Acts were appropriate actions for the government to take? Where they effective? "The Securities Act of 1933 in its time was the first federal legislation that addressed issues that deal with sale of securities. Before this federal legislation it was the states

Differences between secured and nonsecured transactions

Please help with the following problem. Transactions between two parties may take the basic form of either secured or nonsecured. Compare and contrast the two and describe in detail the risks of each. Level: Master Accounting and CPA.

This post addresses insider trading & a window washer.

Ms. Johnson is an independent window washer who has been hired to wash the windows of the Jensen headquarters building. While scrubbing on a window on the 67th floor, she hears (through a ventilation screen) the president and the chairman of the board discussing, in confidence, that the corporation has discovered a new growth ho

Legal or Illegal pursuant to US law

Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U. S. law? Please explain each of your answers. Scenario # 1 A cash payment of $100 made by an agent of Chicago Chemicals Co., a U. S. corporation, to a processing clerk in the Chilean Office of Business Licensi

Reviewing Privacy Policies of two competitors' web sites

Visit two competitors' web sites. Locate the Web page at each site where customers can purchase something online with a credit card or by using another electronic payment method. Locate the privacy policy that tells how those companies will use the customer information they collect. 1. Write a summary in your own words of

Ressorp Inc

Answer the question as if you are counsel for Reardon: Ressorp, Inc. in Japan agreed to sell 700 television sets to Reardon, a wholesaler, in the United States for US$ 144,417.00. Ressorp, Inc. and Reardon expressly agreed that Reardon would not pay for the television sets until Reardon both received and sold the merchandise

Jolly Canning Co. Case Study

Answer the question as if you are counsel for Jolly Canning Co in 200 to 300 words The Jolly Canning Co. in Hawaii agreed to sell 10,000 cases of canned green beans to the Merry Produce Co. in New York. The terms were FOB Bigport in Hawaii. The parties agreed that the governing rules were Incoterms 1990. Jolly, by mistake, de

Sarbanes-Oxley Act of 2002: Accounting Issues

Please complete the following questions: 1. What accounting issues does the Sarbanes-Oxley Act of 2002 address? 2. How do the act's provisions change the behavior of senior corporate executives and accounting professionals? 3. Do you think this is an effective solution or will it create additional paperwork? Explain.

Brooks Corporation sells computers under a 2 year warranty contract.

Brooks Corporation sells computers under a 2 year warranty contract that requires the corporation to replace defective parts and to provide the necesary repair labor. During 2010 the corporation sells for cash 400 computers at a unit price of 2,500. On the basis past experience, the 2 year warranty costs are estimated to be $155

Financial Management

Question 1. Otel Corporation entered into an agreement with its investment banker to sell 15 million shares of the company's stock with Otel netting $270 million dollars from the offering. The out-of-pocket expenses incurred by the investment banker were $5,000,000. a. What profit or loss would the investment banker incu

Employment law: FMLA, OSHA, employers' responsibilities, employee protections

Write a paper in which you explain the application and implication of each the following laws for your employer. Analyze at the following employee safety, health, and welfare laws: Family and Medical Leave Act (FMLA) Worker's compensation Occupational Safety and Health Act (OSHA) Other applicable laws Answer the f

General Law

QUESTIONS 1. Precedent is defined as: a. A past judicial decision relied on as authority in a present case . b. The process for compelling witnesses to appear before a court and give testimony c. To decide a case; settle by judicial decree 2. Does the following job posting demonstrate a valid BFOQ? Now hirin

Discrimination question

Assume you manage a work facility (retail store, factory, warehouse) and you have a case of racial discrimination and one of disability discrimination. What differences may exist in how you would investigate the cases and act on them? What actions would you recommend to resolve the cases?

specific performance or compensatory damages

Read the following scenarios and explain whether the court will likely grant specific performance or compensatory damages. a. Buffy contracts to sell her home to Dixie for $200,000. Before the deal closes, Barney offers to purchase the house for $225,000. Buffy refuses to sell the property to Dixie. b. Sinbad contracts to