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Business Law

Rights issue

4) The Riley Corporation currently has 100,000 shares outstanding that are selling at $50 per share. It needs to raise $900,000. Net income after taxes is $500,000. Its vice president of finance and its investment banker have decided on a rights offering, but are not sure how much to discount the subscription price from the

Workers Exploitation, Compensation and OSHA

To what extent should American companies take advantage of laws permitting exploitation of workers? What ethical justification(s) would they have for following your recommendation? What business reasons do they have for not exploiting workers (i.e., how will it lead to profits)?

Implied Warranty of Merchantability

Steven Taterka purchased a 1972 Ford Mustang from a Ford dealer in January 1972. In October 1974, after Taterka had put 75,000 miles on the car and Ford's express warranty had expired, he discovered that the taillight assembly gaskets on his Mustang had been installed in such a way that water was permitted to enter the taillight

Allandale Farm, Inc. vs. Koch - Breach of contract

Allandale Farm, Inc., employed Koch from 1988 through 1997 as the person in charge of farming. Koch was hired for "permanent employment," subject to his ability to make the farm profitable. His compensation included salary and the right to occupy a house located adjacent to the farm, and certain performance-related bonuses. On J

Reasonable person standard

Ludmila Hresil and her niece were shopping at a Sears retail store. There were few shoppers in the store at the time. Hresil spent about ten minutes in the store's women's department, where she observed no other shoppers. After Hresil's niece completed a purchase in another part of the store, the two women began to walk through

False Imprisonment

Early in 1994, a K-Mart manager notified K-Mart's Birmingham, Alabama stores that Deborah Cameron and Sonja Perdue had repeatedly returned merchandise without receipts and had been given cash refunds. The manager also stated his belief that Cameron and Perdue had shoplifted the merchandise for which they had obtained supposed "r

Valuing Intellectual Property

The late 1990s saw the rise of corporate valuations arising from ownership of various forms of intellectual property, rather than the traditional value arising from production and sale of goods or services. Prepare a management brief for Acme's upper management group on the current state of valuing intellectual property.

Tort case

My sister-in-law, Babs, just had a very traumatic experience (of course, it doesn't take much to turn her into a basket case). To say that she was born with a silver spoon in her mouth would be an understatement. I have to admit that I'm a little jealous of how easy a life she seems to have. I just can't figure out how she m

Intellectual property rights

Why does the United States seem to place such emphasis on intellectual property rights when so many countries pay no attention to them? Should we?

International transactions

1. Discuss the issues involved in resolving legal disputes in international transactions. 2. What are some practical considerations of taking legal action against a foreign business partner based in another country? 3. When the local customers and laws conflict with the customs and laws of an organization operating abroad

Sarbanes-Oxley Act (SOX) for Non-Profit Organizations

SARBANES-OXLEY ACT The Sarbanes-Oxley Act, often called SOX, is legislation that establishes standard practices in financial management for publicly traded corporations. Although the Act does not regulate nonprofit organizations, it has already had a tremendous impact on the way the third sector handles financial matters.

Long-term incentives

Describe the long-term incentive programs used in the healthcare industry. Clearly state the key elements essential for its success. Identify programs that are used mainly for the senior executives in an organization. Research various long-term programs that are used in an organization. Examine key elements essential for

Business Law

Will someone help me to understand these problems? I need to know what the issues are, the rule/law, application & conclusion drawn. Thanks. 7. Diana is up for promotion to Sales Manager at West Coast Products. The company presently has 12 female sales managers and 10 male sales managers. Diana is turned down for the prom

Agency Law, Business Organizations, Partnerships & Corporations

Is anyone able to help with these? Thanks. BUTLER: The Butler Telephone Company Inc. (Butler), contracted with the Sandidge Construction Company (Sandidge) to lay 18 miles of telephone cable in a rural area. In the contract, Butler reserved the right to inspect the work for compliance with the terms of the contract. Butle

Torts, Products Liability, Intellectual Law & Internet Law

I am trying to figure out what laws would be applicable here and if I were formatting these two issue into: ISSUE, RULE, APPLICATION, AND CONCLUSION, how would I do so for each situation? Thanks. MUSTANG A woman buys the Mustang, thinking it was an 8 cylinder based on the salesman's representation, is there a breach of e

Torts, Products liability, Intellectual Law and Internet Law

I'm trying to understand the different kinds of laws in certain situations. What kinds of categories do these two scenarios fit in? Why? If putting in Issue, Application, Rule and Conclusion form, how would u respond to these? Thanks. EXERCISE ROOM A guest injured his shoulder when he lifted too much weight on the

Sarbanes-Oxley requirements

What are the key internal and external factors that need to be considered when designing a control system for organizations and how have control systems been changed by Sarbanes-Oxley requirements?

Property & Property Rights and Issues

1. Use some type of property the you own (tangible or intangible, real or personal) and explain what rights you have relating to that property, and what rights others have to that property. I thought I would use my house. 2. How is insurance similar to a trust? 3. Why are holographic wills often recognized as valid, e

John D.R. Leonard vs. Pepsi Co.

Please provide assistance with the questions at the end of the scenario. Thank you. Scenario: You are still working for the City of Bigtown's Counsel, and it seems that your work largely involves shooting down the mayor's "creative" ideas to boost tourism. He is taken with the idea of an advertising campaign developed

The mayor is taken with the idea of an advertising campaign developed around auctioning your city on eBay! He thinks that no one will take the auction seriously but that people will come to Bigtown to satisfy their curiosity.

The mayor is taken with the idea of an advertising campaign developed around auctioning your city on eBay! He thinks that no one will take the auction seriously but that people will come to Bigtown to satisfy their curiosity. As you and your boss are rolling your eyes at each other, you remember a similar situation - the Pepsi

Salt Lake City Olympics Bribery and Bigtown

You work for the city of Bigtown's legal department. Bigtown has been trying for years to attract more convention business, but it has been unsuccessful to date. The new mayor was voted in on the tagline, "I'll make Bigtown the place to see and be seen." It's been six months since the mayor's inauguration, but tourism is, if

Definition of the Rights of Health Providers

1. Given that rights have dominated several healthcare debates, how would you define rights as a healthcare provider and why? 2. What are the consequences of your definition? 3. What type of patient-provider model would best accommodate your definition of rights? 4. If rights also produce obligations - how can both pati

Patient Bill of Rights

Use the Internet, your course resources, to complete the following tasks. In theory, once one understood the right, one should be able to reason out the correlative obligations. List at least two obligations to each of the items found in A Patient's Bill of Rights. Which of the included patient's rights are currently provided


What are the essential elements needed to create a legally binding contract? What remedies would you have as a party to a contract when the other party fails to perform its obligations as set out in the contract?

Supplier sued Grocery for breach of contract

Supplier, Inc., a large wholesaler, had a contract with Grocery. Supplier sued Grocery for breach of contract when Grocery failed to place an order for goods by a specific date as specified in the contract. Each order was to be worth at least $550. Grocery contended that the contract Bill Green signed was a standard preprinted s