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Richard, Chester and Bernice: the lottery ticket winning

Legal Application Case Study Richard was friends with Chester and Bernice. All three were residents of Indiana. Bernice, who was employed in an Illinois tavern where Illinois state lottery tickets were sold, had previously obtained lottery tickets for Richard because Indiana did not have a state lottery. In early April 1984,

Business Entity formation and filing requirements

I need to prepare a description of business entity regulations in the state of Illinois as they pertain to the healthcare system. In the paper I need to: Identify the business formation code(s) in Illinois. Identify the address of Illinois corporation commission. Describe the process for obtaining an "annual filing

Matimak Trading Co v Khalily & D.A.Y. Kids Sportswear

In each unit, you will prepare a case brief. Read the web page "How To Brief A Case" ( to learn how to write a case brief. Follow these guidelines when preparing your case briefs. Read Case 1-4 Matimak Trading Co. v. Khalily and D.A.Y. Kids Sportswear Inc. on pages 12-16 in the August text


1. What are the characteristics of a legally enforceable contract? 2. What types of contracts are you involved with personally and professionally? 3. What is the difference between bilateral and unilateral contracts? 4. What role do contracts play in the U.S. economic system? 5. What is the diffe


What are the four elements of a contract? and why are they important to a valid contract? 2. When must a contract be in writing? Is this more important in some contracts than others? why or why not? 3. What is legal capacity? Do you have legal capacity to enter into contracts? Why or Why not? 4. What i

1934 Securities and Exchange Act

Robert was the president of JKL, Inc. JKL intended to purchase Target Co. JKL's intent was not public information, and when it became public, Target's stock would increase significantly in value. Robert individually bought 1,000 shares of Target Co. Ten months later, when the merger was publicly announced, Robert sold Target's s

Treaty and convention

Under International law, what is the difference between a treaty and a convention? a. conventions usually have only a few signatory nations whereas treaties usually have many b. the two terms have the same meaning, thus there is no difference between them. c. a treaty is an agreement nogotiated directly be the signatory

Description of Business Organizations

How would you define each of the five business organizations? How would you analyze the tax implications of each organization? How would you analyze the liability implications of each organization? Can you theorize what businesses would be best suited to each type of organization?

Foreign Country: research and summarize the doctrine of sovereign immunity

Your firm has been asked by a domestic client to determine whether the client should sue a foreign country, but before taking on such a costly pursuit, the client wants to collect more information. You have been tasked with researching the doctrine of sovereign immunity. Prepare a summary of the doctrine and whether you feel

Memo: Discussing Fixed, Variable and Mixed Costs

Can you help me with this task? I am not too sure where to begin? Details: You have been studying 'fixed' costs. You learned that a number of 'fixed' costs are actually mixed costs (variable and fixed). Write a two paragraph memo to your manager explaining some of the cost estimation techniques that can help determine the fi

Forecasting Techniques: Forecasting acts as an aid to decision-making. Agree?

Understanding Forecasting Techniques Introduction: All firms conduct their activities in an uncertain environment and use forecasting techniques to reduce this uncertainty. The challenge facing a forecaster is choosing the right technique. However, forecasting is not a substitute for managerial decision-making; it simply acts

Rights Among Partners

Meyer, Nap, and Cavanna establish a partnership to operate a window washing service. Meyer contributes $10,000 to the partnership, and Nap and Cavanna contribute $1000 each. The partnership agreement is silent as to how profits and losses will be shared. One month after the partnership begins operation, Nap and Cavanna vote,

Forming a corporation: Acme Fireworks (Article Of Incorporation)

Assume the following facts: You operate the Acme Novelty Company, a sole proprietorship engaged in the manufacture and sale of party and holiday supplies. Your company makes such items as greeting cards, seasonal decorations, party favors, and birthday candles. Due to several customers' enquiries and a lack of manufacturers o

Affirmative Action and its impact on public and private sector employers

Describe the elements of Affirmative Action as it applies to public sector and private sector employers, and how it interacts with Title VII requirements of Equal Employment Opportunity. You should address (but are not limited to) the following: What employers are subject to affirmative action plans and why? What do th

Secured Transactions in Consumer Purchases

Consider the following scenario: Janice buys a refrigerator on credit from Excelsior Appliances. Janice's sales agreement treats the appliance as collateral. Janice loses her job; so, she sells the refrigerator to Henry and at the same time quits making payments to Excelsior. Henry is unaware of Excelsior's interest when he buys

The Harmon Candy Co. has announced a rights offering for its shareholders.

The Harmon Candy Co. has announced a rights offering for its shareholders. Cindy Barr owns 500 shares of Harmon Candy Co. stock. Five rights plus $62 cash are needed to buy one of the new shares. The stock is currently selling for $70 rights-on. a. What is the value of a right? b. How many of the new shares could Cindy