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Business Law

Enron: death of Kenneth Lay, can he be sued for $70 million borrowed from Enron?

I feel that we have to address the death, and its irony, of Kenneth Lay. Typically when a convicted felon dies before sentencing the crimes are set aside and he/she dies a "free" person, but what about all that money? Do people have the right to sue Lay's estate or should his family be allowed to keep the money? He borrowed o

Legal and tax issues of LLC and its members

1) If a member of LLC executes a personal guarantee for the debt of an LLC, which of the following is true. (A) The personal guarantee would result in personal liability of the member for any obligation of the LLC. (B) Because of the member's apparent authority, the personal guarantee would create liability for all other membe

Employment Law: origins and growth of regulatory and case law

The relationship between an entity and it employees gives rise to an ever growing body of law that has been titled Employment Law. Law today emanates from common law which is generally represented in case law, and from statutory law and regulations, which is generally the creation of legislative bodies. Employment Law by a

Business Law- Fair Use of Copyrighted Material

In A & M Records, Inc. v Napster, Inc., the Ninth Circuit Court of Appeal determined that Napster, Inc.'s MusicShare software which allowed users to make MP3 music files stored on individual computer hard drives available for copying, search, and transfer by other Napster users, did not result in "fair use" of the copyrighted ma

Issue, Rule, Application, Conclusion: Meyer v. Henderson Construction Co.

Explanation of case Meyer v. Henderson Construction Co. using IRAC (Issue, Rule, Application, Conclusion) Case: Meyers was under contract with Henderson to install overhead doors in a factory that Henderson was building. Meyers obtained the disassembled doors from the manufacturer. His contract with Henderson required Meyers

Business Law: Why do we have regulatory agencies? Data privacy issues.

1.Why do we have regulatory agencies? Why does a business person need to know who his major regulators are? Name one at the federal level that impacts business communications and briefly describe its functions and impact on business communications. 2.Data privacy has come under increased regulatory scrutiny. Comment on the

Comments on a procurement or contract strategy plan that failed

Looking for information or web site on a company where the procurement or contract strategy plan was inadequate and the project they were working on failed. What issues led to the failure, what are some details about the project and 1-2 suggestions to avoid failure for the future.


In 1999, you enter a contract to clone one of your kidneys for a future replacement of one of your own kidneys. You are an adult at the time the contract is signed. The contract includes language preserving the cloned kidney until you need it, if you need it. It also includes language wherein both parties agree there are ce

Legal System Identification, Comparison, and Analysis of an Easement Memorandum

Your team is working as a legal team in a mid-size law firm. Your supervisor, a partner in the firm, has been approached by Mr. Al Jones, a land developer and very important client, with the following legal situation: Mr. Jones's projects include some of the largest residential subdivisions within the City. While Mr. Jones'

Legal Issues: Real Estate purchase

Each of the following questions presents one or more legal issues. In your answers, state each legal issue succinctly, state the pertinent rule of law and explain how the rule applies. If a case from the textbook or other course materials is relevant, cite it and explain its application to the problem. 4. Jack and Ji

Legal Issues: Steve and Shelly's '92 Grand Prix auto transaction

Each of the following questions presents one or more legal issues. In your answers, state each legal issue succinctly, state the pertinent rule of law and explain how the rule applies. If a case from the textbook or other course materials is relevant, cite it and explain its application to the problem. Steve wanted to bu

Review of basic tax laws for partnership, C corporation and S corporation

In preparation for meetings with each of your other assigned clients, you want to provide them with written information regarding the tax laws governing their respective form of business. Review the basic tax laws of a partnership, C corporation, and S corporation to write a discussion paper that presents the basic tax laws g

Legal Evidence: reasonable, foreseeable and material; legal conflict

I am having a hard time interpreting the meaning of the attached information. See attached file. The law is replete with terms of art such as "reasonable, foreseeable, and material." Therein lies both a problem and an opportunity for the risk manager. That is, it is clear that when an incident occurs, there is a keen

Business Law: Plessy v. Ferguson - separate but equal

In 1896, the U.S. Supreme Court decided the case of Plessy v. Ferguson. In that case, the state of Louisiana had a law that provided for separate but equal accommodations for African American and white railway passengers. An African American passenger challenged the state law. The Supreme Court held that the "separate but equal"


Please see the attached case. Does she have a case?

Patent Law

Peter Pasta works in the R&D Department of Setonia Co. of North Burgundy, NJ as a staff engineer. Setonia has recently developed a brand new product which combines the best features of a Blackberry, IPod and IPhone. Setonia's management decides not to seek patent protection for their new product they call Purple-Plum-Phone or

Should Galaxy Life pay out the policy to Susan after the death of David?

Harry and David were partners in a small mortgage business. Harry provided the financing, and David did the administrative work. Harry was pursuing a secret love affair with David's wife, Susan. David suffered from a serious heart condition. Harry took out a $2,000,000 insurance policy on David's life with Galaxy Life Insura

John v. Judy: is the lottery ticket marital property?

John and Judy had concluded that their differences were irreconcilable, so they decided to end their twelve-year marriage amicably. There were no children, so they agreed to convert all their assets to cash and split the proceeds down the middle. The judge decided to waive counseling and mediation and granted the divorce decre

Legal Issues in Reduction of Workforce

I'm working on a paper about legal issues in workforce reduction. Sorry for the last minute but I need help with the key concepts of employment law that would affect his or her employment status, and cite the text as appropriate Further I need to explain whether there are any extenuating regulatory circumstances (e.g., exception

Business law

David Booze and Henry Allen are business school classmates who found jobs in Jersey City at competing investment firms after graduation. Booze became an investment banking analyst in the Mergers & Acquisitions department at Sacks of Gold & Co. and Allen became a sell-side trader at Bull Market Capital, Inc. Booze and Allen dev

Business Law

In re Hiram's Herd Hiram's dairy farm was growing by leaps and bounds. On July 10, he entered into an agreement with his neighbors, Hazel and Herschel, who had decided to retire from farming. He bought their entire herd of two hundred Holsteins for a substantial cash down payment and a $200,000 promissory note, payable in

BUSINESS LAW II - Merchants v. Mechanics

For Super Bowl XXX, the Tip-Top Bar and Grill pulled out all the stops. Beer was just a dollar, sandwiches were free and there was an opportunity to win $10,000 with a $100 bet on a ten by ten prize grid. Ben pulled a card from the board - NFL 3, AFL 0. He realized he only had $95 in his pocket, so he wrote a check for $100,

Torn check

Recently I paid an insurance premium by check. The insurance company informed me that my bank had refused to honor my check. I asked that they return the check to me, and I took it to the manager of the local branch. "I see what happened," he said. "The check was torn slightly when the insurance company opened your envelope.