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Business Law

Risk of loss when a party breaches a contract

In general, what is the effect on risk of loss when a party breaches a contract> a. the breaching party will bear the risk of loss for some period of time b. the breaching party will permanently bear the risk of loss c. the breach can speed up shift of the risk of loss to the buyer, or return the risk to the seller c. A and C

Which of the following warranties apply to merchants only?

Which of the following warranties apply to merchants only? a. warranty of no infringements and warranty of merchantability b. warranty of merchantability and warranties of quality c. warranty of no security interests and warranty of merchantability d. warranty of merchantability and warranty of fitness for a particular p

Accepting of good delivered in a contract

Sustainable Earth Clothiers is a retailer who sells only natural fiber clothing made from the fibers that are organically raised. Because of the store's heavy advertising that it sells only products made from organically raised fibers, it simply cannot shirts that are delivered and accepted after an inspection. Sustainable Eart

Grocery Inc, Law Questions

Scenario: Grocery, Inc. is a retail grocery store chain based in Any State, U.S.A. Grocery has stores throughout the United States. Tom Green works as the produce manager for the store in My Town, U.S.A. Jeff Fresh, 17 years old, is spending his summer vacation working for Tom in the produce department. Using the scenario above,

Hard Body Gyms, Ron Howard, City of Universal Studios

Need some assistance in answering 3 discussion questions related to mini case studies. Week 4, DQ#1 Flipper Underwater Tours filed suit against Seahunt Equipment Company and Lloyd Bridges alleging breach of contract, breach of warranty and fraud in connection with the sale of a modified air compressor. Seahunt is a

Blondell Legal Services Cost after allocations

Blondell Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Service Department Opera

Legal remedies for defenses to contract and habitability

Dan Maltbie and John Burke, students at Indiana University, resided in an apartment in an older house in Bloomington, Indiana. The agreed rent was $235 per month. When Maltbie and Burke moved in, they discovered numerous defects: rotting porch floorboards, broken and loose windows, an inoperable front door lock, leaks in the plu

Notices of advertisement

Sandy notices a dog tied to a chain behind a fence and recognizes it as belonging to an acquaintance who lives a couple of blocks away. Sandy goes to the acquaintance's house and says, "Your dog is tied up in someone's yard and for $100 I will tell you where. The dog's owner says, "No way!I can't believe you won't simply tell me

Unilateral mistake of a contract

Mark was shopping for a used car in February. He went to AutoMega World and test drove a used 2000 Tiger XL. While driving the car, he looked at the climate control center and noticed that the temperature lever was marked "cold" at one end in blue and "hot" in red at the other end. Mark assumed that the "cold marking meant that

Increasing Board Power Pros and Cons

Mechanically speaking, the shareholders elect the directors who elect the officers. In small businesses, this is the way it really works. However, in big business, the officers have practical control over the nomination and proxy solicitation process. Reacting to several high profile corporate failures, Congress has legislated g

Transfer Warranties

When a person transfers a negotiable instrument, to whom does this transferor make transfer warranties? a. only parties to whom the transferor makes a written assertion in connection with the transfer b. for all transfers, to the immediate transferee and all subsequent transferees c. for all transfers, to the immediate t

Business Law Multiple Choice Questions

1) Which of the following statements is false? A) Notice must be given for directors meetings B) The solicitation of proxies is governed by the Securities and Exchange Commission C) Shareholders may vote by proxy D) Notice must be given for shareholder meetings E) Directors may vote by proxy 2) The statute that covers th

Corporate governance/Board of Directors

I was reading an article: Strengthening corporate governance through board-level consultants. There are some companies under attack for issues of board composition and board activism. Board composition concerns address the mix of internal versus external directors and the competence of board members. The activism address

Why should the auditor consult with the entity's legal counsel?

When an auditor becomes aware of information concerning a possible illegal act, he or she should obtain an understanding of the circumstances of the act by making inquires of management above those involved. Also, the auditor should obtain enough evidence to judge the effect of the act on the financial statements. If evidenc

State and Local Political Behavior Observation

I need help conducting a minimum one-hour observation of a public meeting. The meeting can be of a committee, commission, council, etc. I have to take notes during the observation, including what issues were covered, and what positions are taken on them. This can also be done by observing a meeting on government access televisi

Advice on Whether to Renew a Contract

What would you do? A colleague of yours is on an annual contract which is soon due to be renewed. During your time of working together you have become close friends with him on a personal level and you are aware that his wife has recently become pregnant with their second child. However, while he tries hard and means well,

Employment Law: Allie's vision and Acme Airlines

Allie is a licensed pilot who is nearsighted. She has 20/20 (perfect) vision when she wears her contact lenses. Without her contact lenses, she cannot read or drive, but with her contact lenses, she is able to engage in these activities. Acme Airlines has a requirement that its pilots have 20/20 uncorrected vision. Allie applies

Distributive Justice Theory and other in 17 multiple choice questions

1) Peter runs an auto air conditioning repair shop, because of the phase-out of the ozone-depleting refrigerants used in older auto air conditioners, auto air repairers have become subject to numerous new laws and regulation, some of which are costly and burdensome with which to comply. Although it cost him more, Peter decides

Moral Judgments, Moral beliefs and Logical Rules

We've been having some trouble figuring out how we arrive at moral judgments. Cultural Relativism, Supernaturalism, Intuitionism, Rationalism. all seem to have their good points, but also their undermining bad points. Then what do you say to picking out our moral principles by trying to be informed and imaginative, and t

Jan's Sandwich Shop: Non-Compete Agreements

Jan opens a sandwich shop across the street from a sandwich shop run by Amy. Amy is disturbed by this competition, and she agrees to pay Jan $5000, in exchange for Jan's promise to quit her business and not to engage in a similar business within a ten-mile radius of Amy's business. Is this contract legal and enforceable? Why or

Abortion Laws and Policies: analyze three current events articles

I need help in locating at least three current events articles that address the same local or state government public policy issue on abortion . The articles can be from daily newspapers, weekly news magazines, public policy journals, or business journals. Complete a paper that analyzes the issues in the article regarding ab

Business Expense Law Questions

True or False 1. The basic elements of a valid contract are: an offer, an acceptance, consideration, the capacity of the parties to contract and a legal purpose. 2. The law requiring that certain contracts, such as contracts involving an interest in land, be in writing is the Statute of Limitations. 3. A Sole Propr