Elaine and Roy are registerd nurses. They want to start a home health agency, taking referrals from physicians and providing health care to homebound patients. They plan to be in business for 10 years. Identify the reasons why incorporation is an effective idea for their business, the steps they must take to incorporate their
Hello, My mom is living in her home in Illinois. She has not paid her mortgage in about two years. My father passed away and things became too much for her to handle. She filed bankruptcy in March of this year which I think stopped her foreclosure. I believe they called it a "Stay". My question is how long does she have
Charlize Theron has settled the $20 million breach of contract lawsuit against her, according to papers filed in Manhattan Federal Court Monday. The suit was filed last year, when Swiss watchmaker Raymond Weil claimed that Theron had worn a Christian Dior watch during a press event in 2006, despite being paid "substantial fun
Rudy and Jack have lived next door to each other for the past 15 years and are buddies. In his garage, Rudy has a 1964 Mustang that Jack has always admired. One day, Jack asks Rudy if he would consider selling the car to him. Rudy tells Jack that the car is in "like new" condition and is worth more, but since they are friends an
Jan opens a sandwich shop across the street from a sandwich shop run by Amy. Amy is disturbed by this competition and 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 why no
I'm looking for a thorough perspective on the following scenario. I need the first 4 questions answered from a "Contractor's Perspective" followed by the final 4 questions answered from the "Government's Perspective". So bottom line, if you were a Contractor how would you answer the first 4 questions and then, put yourself i
On June 1, Owner orally offered to pay Andy $1000 if Andy would repair the roof at Owner's beach cottage. Andy requested time to think it over. Owner told Andy that he would give Andy a couple of days to think about it, but that he had to know Andy's decision no later than June 3. On June 3, Owner, impatient at waiting
Paul was a plumbing contractor. Albert and Bert owned an apartment building. Albert and Bert explained to Paul that plumbing work was needed for their respective buildings. On January 15, Paul mailed offers to Albert and Bert, offering to do the work on their respective buildings for $2000. In each case, the of
The ABC Company placed an order with the Ohio Steel Company by sending its purchase order form. The purchase order specified the type of steel, the quantity, and the price. The purchase order stated in the boilerplate that the buyer reserved all express and implied warranties, and that the purchase order could not be varied by
I need help in understanding this essay question: Sparky, an unlicensed electrical contractor, placed an ad in the local newspaper that read: No Job Too Small, No Job Too Big! Electrical Outlets Replaced-$15 Each Call Sparky at (213) 555-1234 Owen, a residential homeowner, saw the ad and called Sparky. Owen told
As a businessperson, what role do you think ethics plays in contract dealings? What examples or suggestions can you provide based on your experiences?
In March 2004, Cassandra set up in business as a sole trader offering various video-related services from leased studio premises located in South Belfast. In April 2006, she formed Picture This Ltd and, in consideration of the transfer of the business and its assets, including the leased studio premises, to the company, she was
A minor, unable to live at home, contracts to rent an apartment for one year at $600 per month. After living there for three months, he disaffirms the contract. The reasonable value of that apartment was only $500 per month. Assuming no rent has been paid, the minor must pay: a. Nothing; the contract has bee
I am curious as to why a person who is claiming that he or she was unable to enter into a contract based on his or her inability to understand the terms of the contract due to intoxication would not put on evidence of incapacity? Through their own testimony, it can be established how many drinks, they had. An expert can testify
Joe Bob promised his wife he would aerate the lawn this weekend. So, Joe Bob hoes to Eddie's Rentals and signs an equipment lease for the day for a grass dethatcher, sometimes called a verti-cutter. The contract contains this clause: "Lessor disclaims all liability arising from injuries caused by use of this equipment." Joe B
Foreclosure Process a.) How does foreclosure work? b.) Steps of Foreclosure c.) Timeline for Foreclosure
1. When there is a unilateral mistake, in what three types of situations may a contract not be enforced? Explain your answer. 2. Discuss which entity has less potential liability and greater tax advantages, a partnership or an LLC? Discuss in detail.
Mary is hired by Acme business forms. Acme sells forms only in one state and Mary's territory is the Northern half of the state. Mary signs an employment contract that has the following clause. In the event Mary resigns her position with Acme, she shall not engage in selling business forms for any other company located anywhe
What is the effect of one party being mistaken about the subject matter of a contract? a. The mistaken party can rescind the contract. b. Either party can rescind the contract. c. Either party can rescind the contract, and the mistaken party can recover damages. d. Either party can rescind the contract and/or recover damag
Please help with the following problems regarding validating contracts. 7. In order for a contract to be valid, it must a. Be made by a writing signed by adults. b. Be fully performed on both sides. c. Contain an offer, acceptance, and consideration. d. Be properly filed. 8 Generally, which of the following statements
Can you help me understand the questions below. They each made a $10,000 profit so far, but since they've invested some back in to another house depending on the sale of that property the funds could decrease. I'm also not sure what other legal issues are present. Jamie, Louis, and Lisa form a partnership, under a written agr
Scenario: Grocery, Inc., is a retail grocery store chain based in Any State, U.S.A. Grocery has stores throughout the United States. Grocery has written contracts with many different vendors to purchase the products they sell in their stores. Vendors range from individuals to international corporations. Tom Green works as the pr
1) What are the four elements of a contract? Discuss each. 2. What is the difference between bilateral and unilateral contracts? Discuss each. 3) When must a contract be in writing? Can a contract for over a year be oral, if not why, and if so what would be required? 4) What is legal capacity? How can it be
A contractor receives an un-priced change order on a $500,000 fixed price contract. The contractor incurs $50,000 in additional labor costs in performing the change. In its request for equitable adjustment, the contractor "pads" the claim and requests to be reimbursed for $60,000 in additional labor. To support its claim, the co
It is my belief (and I could be wrong) that a contract is not valid and a company is not liable if the contract was signed by an employee who did not have the authority to enter into a contract with a third party, i.e. a switchboard operator signs a contract for a cleaning service. What law, if any, absolves the company from li
Just need to understand what distinguishes a Bilateral contract from a Unilateral contract. Would appreciate any insight in this issue please.
What are the pros and cons of pursuing litigation versus binding arbitration?
Use the following list as a guide. Evaluate the risks involved in conducting business partnership (general partnership) versus a limited partnership. 1. type of ownership 2. exposure of ownership to liability 3. taxation 4. continuity of existence 5. formality in operations 6. managerial control
I got in a car accident, so I'd like to know how can I get my rights. Details: 1. Location: in A residential complex. 2. I have liability insurance 3. I am in IL. 4. While I was driving inside the complex ( speed 13 M) the other car come out quickly from the private parking and hit me in the front of my car. 5. His ca
A is a certified public accountant. He agrees with B, a building contractor, that he will advise B on setting up a new accounting information system if B, in return, will carry out some renovation work at the house of A's girlfriend, Fanny. But finally, B refuses to carry out his original promises. Fanny is very anxious to ha