Essays on Business Law

A. Beyond the merits of the case, the chances of Edie in winning this case depend completely on the investigation of the behaviour of the defendant as the reasonable person in the similar conditions. This approach is regarded as the main pillar of the tort law that is used for the determination of the liability between the parties during legal proceedings. With that, it should be noted that there are several cases when the applicant faces difficulties in proving fault for slip and fail accidents. There are several conditions that should be met established and proved in order to ...

One of the key goals of obtaining a college education is the acquisition of communication skills. In the workforce, the better an employee listens to feedback and instructions, and the better an employee can provide critical facts and opinions, the more likely an employee is likely to succeed in the workplace. Recent graduates who have a basic knowledge of business law are even more prepared to succeed in the modern workforce, and employers want them for several reasons. According to Maggitti, business law focuses on critical thinking. Business law is a core discipline where critical thinking is especially critical. ...

International Torts, Negligence

CC could sue National for tortious impedance. Tortious impedance is a purposeful tort that precludes the consider obstruction with authoritative or business connections (The Legal and Ethical Environment of Business, 2014, p. 220). Since National purposefully paid the CC representative to get the arrangements for CC's new item, this would be a substantial claim that CC could use to sue National. In the event that the arrangements were enrolled with the U.S. Patent and Trademark Office, then those arrangements are ensured by law. In the event that the arrangements were copyrighted by CC, they would likewise be ensured by ...

Activity 1

In determining whether or not Don can set aside the contract with Evan, it is important first to determine whether a valid, enforceable contract ever came into existence or was formed between the parties. According to MacMillan and Stone (2012), the essential elements of a valid contract include offer and acceptance, consideration, capacity, intention to create legal relations, and legality. In the present case of Done and Evan, a contract came into being when Don unilaterally accepted Evan’s offer in the form of advice to invest in his (Evan’s) new consulting business and went on to sign ...

I. Introduction A corporation is a common type of business organization in which its owners have the ability to use it as a separate, and distinct legal entity. One of the primary differences between a corporation and other types of business organizations, such as a sole proprietorship or general partnership, is that a duly formed corporation is, legally a person. Moreover, under the law, a corporation is a legal person who the owners, in essence, can control and direct to carry out a range of activities. To be sure, corporations are deemed to have a personality or personhood, including ...

Businesses should always set an example and serve as role models by continuously acting honestly and with the utmost regard for society and the environment. The most successful businesses in the world serve a purpose that exceeds financial gains. Socially responsible organizations pay attention to social and environmental issues and address them using the power of their business. Socially responsible businesses have proven to have sustainable business models, improved recruitment, employee satisfaction, customer loyalty, marketing, richer partnerships and brand perception (Horoszowski). A large portion of consumers believes that businesses should align their financial goals along with social and environmental ...

The drafting of the valid agreement between the parties of the contractual relations is the key pillar for the maintenance of the credible business relations with the occurrence of the relevant rights and responsibilities between the participants of the contract. Based on the validity of the agreement, it is possible to prove the attitude of one party to the another one, interpret the scope of the rights and several other moments in terms of the contract law. With that, the validity of the agreement is grounded on some points based on which the findings regarding its force may be ...

Contract of Sale of a Good and Legal Obligations of Concerned Parties

Introduction This research paper presents an analysis of a case study and is written to address breach of law of contract concerning sale of a good (bicycle) by a last year student named Jonas. He placed an advertisement in one of the sports magazine making an offer to the general public to sell his bicycle. Jonas was approached by two first year students named by Sarah and Saleh at different times on the same day. As this last year student was not aware about the telephonic message placed by Sarah, he sold the bicycle to another first year student ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

Circumstances, where confidentiality agreements are necessary

Nowadays, the intensity of competition among the producers of confectionary is crossing the boundaries of imagination. In order to stay competitive, the businesses have to reduce their overheads, while trying to maintain the appropriate quality standards of their products. These research and development activities require substantial funding, and, in order to safeguard their achievements from being imitated by the competitors, the ultimate contents of products are held in the strictest confidentiality (Hasnas, 2006). Food companies often offer lucrative settlements to those, who have been affected by their products (Maclntyre, 2008). Yet, the majority of such offers have a small, ...

Business Law

Business Law The most important aspect when launching a new business is to determine the type of business structure to be able to make the business a successful venture in view of the legal and tax implications that are part of the selected business structure. The six types of business structure shared on U.S. Small Business Administration (2016) website are as follows:

The most basic form of business type and is owned by one person, form a legal standpoint the business has no separate legal identity and the owner can be sued in their own name and the owner ...

US 311: Business Law I

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and ...

Issues

This case concerns the analysis of the validity of the offer and its acceptance under the terms and rules of the contract law made in different forms by virtue of the advertisements in the newspaper.

Contractual relations are comprised out of two primary pillars as the offer and acceptance. In fact, the one party to the contractual relations should provide the other one with the offer. In case the second party accepts this offer this implies that these people have entered into the legal and binding relations. Given the merits of the case, one may see that Philip plays ...

Introduction

Acme Fireworks is a retailer that sells fireworks, large aerial display fireworks, and ground display fireworks. The owner of the business started the producing fireworks in his garage and in two years the business has fifteen employees managed by a manager. The business is operational as a sole proprietorship from the inception. Acme Fireworks expects the business to expand due to the recent offers and inquires by large organizations to provide firework displays regularly. The owner of the business has replied to the inquirers, and the parties have agreed to a price per display. The major costs of the ...

Business Law

Business Law The contract that will be discussed for analysis in terms of business law is a rental or tenancy agreement initiated in Singapore by a friend who relocated with his family last November 2015. The legal definition of a real estate lease is referred to as a legal and binding contract amid the landlord and the tenant and for the contract to be binding the signing parties needs to be of legal age and competent to enter into an agreement (Kimmons, 2016). The issue that pertains to every contract law is with regards to how the contract is ...

Business Law

The situation that occurs in this case can be better understood through an analysis of the elements of a valid contract. To be more specific, the area of focus is “offer and acceptance” (Kubasek, et al., 2015). The response that Curly gives to Moe is an offer, as he clearly states the amount he is willing to sell the 50-acre tract. His offer is clear that he will not sell the tract for an amount below $1 million dollars. The response of Moe, on the other hand, is an acceptance of the offer, which is also an essential component ...

Business Law: Case Analysis

Business Law: Case Analysis Bank of New York Mellon Trust v. Morgan Stanley Mortgage 14-2619 (2016) The facts of this case in brief are that the plaintiff Bank alleged that the defendant had breached its contract with it involving a mortgage loan agreement. The defendant on the other hand alleged that they were not obliged contractually to repurchase the mortgage due to the fact that the contract was vitiated by misrepresentation. The background of the case is that the parties entered into an agreement a mortgage loan agreement and the defendant then defaulted on the loan and the bank ...

Describe civil and criminal penalties that might arise from Ima’s death

Under the provisions of the Occupational Health and Safety Act (OSHA) 1970, all employers are responsible for creating adequately safe working environment (Pinnington, Macklin & Campbell, 2007). The possibilities of employee contact with uninsulated wire is a situation, when life of this employee becomes jeopardized, as well as there is a possibility of getting serious bodily damages. In this case, the affected employee, or the family members are entitled to claiming general damages from the employee. Furthermore, because the omissions of Walexron are conspicuously blatant (uninsulated wire obviously poses a huge hazard to the employee and visitors of the facility) ...

The 1979 Sale of Goods Act is the most comprehensive pieces of legislation on commercial law in the UK that governs, inter alia, contracts for the sale of goods, implied terms in sale of goods, rules governing the transfer and possession of property (goods) and also provides some of the remedies that purchasers (buyers) may have against sellers for defects in goods or otherwise (Dobson, Dobson & Stokes 2012, p. 10). This Act thus ensures the effectiveness of the legal relationship between businesses and customers, for it contains rules and regulations that seek to protect the rights of buyers and ...

Could Free Trade Agreements be a effective instrument to regulate climate change mitigation measure in the context of missing a comprehensive multilateral instrument?

The recent century is featured with the expansion of the international trade in the global scale. The development of the trade legislation and increase of the volumes of import and export relations between the countries gives rise to the question as to whether globalization of international trade affects the spread of the climate changes. In this regard, the majority of the experts in trade sphere consider the role of the World Trade Organization in the mitigation ...

Introduction

The first antitrust law was formed by the Congress in the year 1890. It was referred to as Sherman Act, and its aim was to ensure that there was economic liberty, by ensuring that the competition in the trade was fair. Later, the Congress passed other two antitrust laws in the year 1914, and these additional laws contained some revision to the first antitrust law. Those laws were the Clayton Law and the Federal Trade Commission Act. The court applies the antitrust law to prevent illegal business practices and unlawful mergers. The main objective of the antitrust law is ...

Question 1 Directors’ Duties

Issue For a business to register as a company it should satisfy the following requirements: a name, one or more shares and shareholders having limited and unlimited liability. Having directors is also a requirement. Once a venture has this, it can go ahead, apply for registration as stated in section 11, and send an application to the registrar. The application must be in a prescribed form and signed by each applicant; this includes the named directors and shareholders. The proposed company’s name and constitution should be included in the application, as stated in section 12. Once the application ...

Identify and describe the different categorization of crimes? How are crimes different than torts?

The common categorization of crimes includes treason, felonies and misdemeanors . Treason, which is rare, is one’s act against the state threatening its sovereignty and integrity. Felonies are serious offenses like murder, manslaughter, rape, robbery, kidnapping, tax evasion etc. that attract several years of imprisonment and a heavy fine. Misdemeanors are less serious offenses, mostly punishable by fines or a brief stay in the jail. Some of the examples of misdemeanors include simple assault, gambling, prostitution etc. However, other simple offenses like traffic violations are not considered as misdemeanors and are generally considered as violations or infractions. Crimes can ...

Background Information

Compass Minerals International Company produces and sells minerals which may include salt, fertilizers and magnesium chloride. The company has its base in Kansas City and offers its products and services to customers in Canada, North America, and the UK. Also, the company also offers records management services to business in the United Kingdom. The business operates two segments namely salt and plant nutrition. The Salt segment focuses on mining and producing salt related products such as Magnesium Chloride and Sodium Chloride. On the other hand, the plant nutrition segment focuses on coming up with products such as sulfate of ...

Business Torts and Ethics

Q1 Answer The intruder is liable for the damage caused in the premise to both Sharon and Darryl. Firstly, the forceful entry into the premises led to the premises by the intruder injured both Sharon and Darryl as they were trying to control the matter. This can be taken as a criminal act on the side of the intruder and is illegal in the eyes of the law. Although there is no clear understanding what the intruder wanted in the premises, his acts that led to the injury of the residents clearly indicate that the intruder was out to ...

Summary

Germany Chancellor Merkel is facing a tough economic decision of trying to balance the interest of her country and that of European countries facing an economic crisis. Influential leaders across the world like the Pope are calling on the powerful to help the weak in an attempt to convince Merkel to soften her position and lend more money to countries like Cyprus. The leaders of countries facing crisis think Merkel need to support them and show solidarity with them in their difficult economic situation (MARCUS, 1). Germany is proposing a variety of austerity policies that cannot gain any political ...

Introduction

The Sobeys Company like any other company must minimize the risk prevalence in order to maximize its profitability. The loss prevention manual for the Sobeys Company aids the managers and the employees to learn more ways of protecting themselves from the exposed risks while carrying their daily activities. Notably, it educates the workers and managers to identify when the legal advice is needed, hence, they will be using the manual to solve the problems available in the contemporary world.

Internal procedures

The administrative law is the growing part of the statue law that deals with internal procedures of the Sobeys Company. ...

Section 18 of the Australian Commercial Law: Marcus Hesada Case

Section 18 of the Australian Commercial Law Section 18 of the Australian Commercial Law (ACL) states an express prohibition on misleading or deceptive conduct, in that a “person must not, in trade or commerce, engage in conduct that is misleading or deceptive or is likely to mislead or deceive.” Originally, this provision was in Section 52 of the Trade and Practices Law, the predecessor of the ACL. Essentially, the two provisions are very much the same, except that the ACL amended the TPL to include persons, instead of solely involving corporations. Further, the ACL prescribes a norm of conduct ...

mmmmm dd, yyyy The challenge of local governments is to strike a balance between optimizing value in contracts and providing opportunities to the small businesses usually run by women and minority groups. Favoring the latter has resulted in a blatant and direct favoring which has violated the judicious sensibilities of constituents and the government. It is possible for local government officials to adopt practices that serve both objectives. The key is to set the conditions wherein women and minority contractors can have fair chances of winning without handing them obvious advantages. The essential question is “Without using preferential bidding, ...

Definition of Entrepreneurship

Entrepreneurship is a creative way of developing business ideas and launching them to create a business with a given level of risk with an aim of making a profit at the end. The owner of the business forgoes the need of being an employee of a given company and becomes an owner of a small business assuming risks. It is a new business venture that depends on the development of new ideas and processes to create a profit making business. It is worth noting that, the owner who is referred to as an entrepreneur, looks for possible business ideas ...

There are no obligatory clauses that should be included into the text of the standard form contract, however, it is up to the parties to the agreement to decide which provisions should be included. With that, the clause 1 is the important one for the defining of the relations between the parties as it provides that only the text of the agreement and its provisions should be regarded as the main basis for the contractual relations between the parties. Meanwhile, the terms and conditions provided in the text of the contract have the primary meaning to every party as ...

Incorporation

Rolling Gardens is an innovative business idea that provides the fresh products of farmers markets to customers in a convenient forum for a low price. While the inventors behind Rolling Gardens probably want to jump right into the business and get stared, there are quite a few practical matters that need to be addressed before Rolling Gardens can officially open for business. Before opening its doors for business, Rolling Gardens will need to think about choice of entity, obtaining the necessary licenses, insurance, complying with food safety laws, and potential trademark issues. If Rolling Gardens plans on establishing a ...

Business Law Case Study

Business Law Case Study

Issue

Is Walmart vicariously liable for the personally motivated acts of its cashier?

“A principal (employer) is not liable for the intentional torts of agents and employees that bare committed outside the principal’s scope of business; however, a principal (employer) is liable under the doctrine of vicarious liability for the intentional torts of agents and employees committed within the agent’s scope of employment” (p. 448). Two main tests are normally applied by the courts: the motivational and work-related test. “Under the motivation test, if the agent’s (or employee’s) motivation in committing an ...

Business Law

Business law RE: Disagreement between Mary and James concerning the business partnership agreement of a self-governing appliances store and automated advertising enterprise.DATE: 2/9/2016FACTS: James and Mary decided to jointly open and operate an online retailing store. Unfortunately, none of the two herein considered formalizing the partnership arrangement where all responsibilities and rewards of each of them could be stipulated. Thereafter, Mary was faced with domestic challenges and had to put less hours in the business than before in order to cater to a family member. Following that development, James recruited another employee into the business who was well qualified. ...

Business Plan Memorandum

BUSINESS PLAN MEMORANDUM This is in response to the request you made last February 2, 2016 for a business and legal advice regarding entering into a contract with a business supplier under conditions and terms that best suits and benefits you as a party. In dealing with business suppliers, you have to enter into a contract with the other party. A contract is a legally binding agreement between parties entered by them with the intention that it shall have legal effect, which means that any one of them can resort to the law to provide remedy in the event ...

Abstract

The purpose of this paper is to provide a reasonable explanation on the right of the injured party in a commercial contract to file for damages on the breach of contract. The applicable Incoterm contract was also discussed based on the non-delivery of goods as stated in the contract. The article discussed the rights available to the buyer or the seller for the failure on the part of one of the parties to the commercial contract to fulfill their obligations that were previously agreed upon. The valid grounds that will allow the parties to recover for damages were also ...

Abstract

The legal business environment, including laws and regulations formulated to control the conduct of business activities is one of the most important external factors that affect major commercial decisions by business organizations (Pathak, 2013, p. 96). This legal framework influences decision making by businesses right from registration, workplace safety of employees, decisions on employment or dismissals, product safety, business agreements, to financing and marketing decisions (Campbell, 2009, p. 154). Businesses enterprises, according to Miller and Jentz (2011) must always operate within the purview of this legal framework as they make decisions on the various commercial activities, processes and operations ...

Introduction

Choosing the most suitable legal structure for business has never been an easy task. Each form of legal entity has its inherent advantages and deficiencies. The case of Sarah and Jonah is not an exception in this regard. Deciding to settle a wine importing business requires careful examination of the determinants a ultimate legal structure. They include the amount of statutory fund, the number of founders, the way the want to limit their liability for the debts of a newly formed business, future growth prospects of the company and many some factors. Thus, the purpose of this report is ...

This report is about a case study of Sunil v Xerox, in this case the plaintiff was injured in a supermarket after he slipped and fell. This was because water had been brought into the supermarket by other customers since it had been raining.

The paper focusses on the tort of negligence and the occupier’s liability. The three elements of the tort of negligence are discussed in detail. The elements are that the defendant owes a duty of care to the plaintiff, there is a breach of that duty and that the breach of that duty resulted in the injury of ...

There are many ways in which business law and intellectual property rules are interconnected. Nearly every business in places like the United States rely on the business model that assumes that one business cannot steal ideas from another business and profit off of those ideas. Although the complexities of this realm of business law are many and the situations not cut and dry, the section of business law that deals with intellectual property focuses on determining whether a party is infringing on the creativity of another party.

Intellectual property law varies between different niches, of course—intellectual property law ...

A contract is one of the critical agreement that people and organizations go through on daily basis. It is worth noting that organizations and people go into a contract based on various reasons. There are critical components that must be considered when making some agreements. In analyzing the case study one, it is crucial to put into consideration various elements that must be considered for an agreement to be a contract. Some of the elements include acceptance, offer, consideration, as well as the intention of legal consequences. In case study one, there is no contract. These are based on the fact ...

Business Ethics are principles that determine how a company behaves and how it influences its decision making process. A company should be morally responsible to the consumers, employees and the environment. This is especially essential in the modern context where the consumers are much more informed and knowledgeable. This paper shall undertake a study of the L’OREAL Company. It is the paper’s consideration that the company ranks as one of the best player in the market. It is imperative to appreciate that other than merely serving its customers with products, the company equally considers other issues that go a long ...

The world of multinational corporations has witnessed a myriad of scandals involving its top management. However, no scandal has drawn much attention like the Enron Scandal. In 2001, revelations about the Enron Scandal began to resurface. The scandal involving top level management led to the state of bankruptcy of the firm (Sterling, 2002). Additionally, it contributed to the dissolution of one of its partners, Arthur Andersen, an audit firm. Apart from being one of the biggest scandals in the United States history, the scandal exposed the weaknesses in the audit sector. The paper seeks ...

International Legal and Ethical Issues in Business

Abstract

For an agreement to be considered a valid contract, it should have four vital elements that include an offer, acceptance, intention to be under legal consequences, and consideration. If any of the mentioned terms are missing from the contract, it is not legally binding. Objective theory of contracts is a legal notion that rejects the enforcement of thelaw that appears to be too good to be true. The contract, according to this theory, is binding only if a reasonable person from outside will judge objectively that the offer has been made, and it has been accepted. The soft drink company, in ...

Introduction

Crime refers to wrong actions that cause injury to people or cause interference of their lives. However, these actions that interfere with other people lives cannot be classified only as a crime, but also as a tort. A tort is a wrongful action that causes injury or interferes with the other person life or property.

In the Pahler case, the court did not use the same reasoning used in Bailey vs. Eminem case. Pahler committed a crime by shooting and murdering actress Lana Clarkson. Crime can be defined as, wrongful act identified by a state as a crime, leading to hearing criminal case in the ...

Generally agriculture is the backbone of our country’s economy. The economy almost solely depends on our agricultural products which earns us a considerable income after exportation. Our major export earner in the agricultural sector is cotton. Cotton farming is practiced largely across the country and the country’s economy is majorly supported by the growth of this cash crop. It is, therefore, ideal that we proceed with caution and discretion when dealing with matters that relate to the production and sale of our cotton lest we end up destroying our own economy. We have to critically examine and clearly ...

Bankruptcy is a state where a business or person is unable to pay their debts. There are benefits that an individual gets from filing a bankruptcy like the possible discharge of certain debts. They also include cushion from harassments over debt collection and more time to prevent foreclosure proceedings. On the other hand, it might have some negative effects including the effects on debtor's credit rating, liquidation of property and the problem of securing loans or credit card. The elements of bankruptcy clearly defined under chapter 7, 11 and 13 (Keenan & Riches, 2007).

The bankruptcy in chapter 7 is where ...

In partnership Act, a partnership is the relation that exists between persons carrying out business in common with the aim of making a profit. When each partner agrees to contribute property, capital and labor for his share in the partnership, they form a general partnership. The partnership agreement provides for the way in which profit and losses are to be shared. However, profits should be shared equally amongst the partners if it does not exist. Under general partnership, each partner has an equal right to participate in the management, decision making and control of the business. The majority partners resolve disagreements in ...

Ethical considerations have become a cardinal consideration in making business decisions. Indeed, ethical principles have become a supplement to law and regulations, which company executives must take into account. While debate abounds as to what is ethical and what is unethical, some social scientists have argued that this is beside the point and a trite discussion. However, the business community recognizes the crucial need to define the criteria by which decisions have to be made into their typology for examinational purposes. It is a conundrum to define with certainty what entails ethical behavior. Many scholars have come up with their own definitions, but ...

Business law

The tradition of common law emerged during the middle ages in England and was applied across continents within colonies. The common law is based on judicial decisions and exemplified in the reports of previously decided cases which has continually been administered by the English courts of common-law since the Middle Ages. The common law is largely uncodified; implying that there is no ample compilation of legal statutes and rules. Although it relies on some disseminated statutes; legislative decisions, the common law is heavily founded on precedent. This implies the judicial decisions which have been made in previous cases. The ...

Social Responsibility: The case of Bank of America’s Expansion

Introduction

With the emergence of the global world, businesses the world over have been compelled to offer competitive services. In the same strain, the protectionist systems adopted by countries have since been replaced by open market concepts that necessarily encourage capital flight and cross border investments. In addition, it has become easier for businesses to engage in capital borrowing at the international level. It is on this premise that this paper seeks to recommend for the Bank of America’s expansion into the international financial arena and more specifically to the BRICS nations which have been confirmed as having colossal ...

The contract is between a farmer and the processing company. The two parties came to a solemn agreement on the terms and condition that builds the contract. The contract states that the after the farmer makes his or her harvest, he should supply the factory with the produce for processing. The terms of payment for the supplies are; the farmer would supply half of the farm produces and in turn the factory would promptly pay for the supply. The company would evaluate the quality of the products by processing the entire supply. If the products are up to the standards, the ...

Starting a successful business is a goal of several people around the world. There are various elements that a person should consider when starting any business. A sole proprietor has various advantages, for instance, a person gets full control of the business including the decision-making process, one enjoys all the profits realized from the business, and there is ease in formation of the business. A computer business requires the owner to be passionate and knowledgeable due to the several challenges involved. The disadvantages of sole proprietorship include unlimited liability, the limited experience, difficulty in accessing long-term financing, and limited startup capital. Some of ...

Criminal Law

1. Parol evidence rule refers to the evidence of previous or simultaneous oral rule that written contracts may not be varied, contradicted, or changed by any previous or contemporaneous oral declarations. Parol evidence is admitted when a written contract does not include or contradicts the oral understanding reached by the parties. Under the parole evidence rule, when the court finds that that written contract has represented the final and complete statement of the parties to an agreement, it will no longer allow either party to submit parole evidence (Miller, 2011, p.187).

2. The statute of frauds refers to the requirement ...

Business law, which is also referred to as the commercial law, is a body of rules and regulations, whether by convectional agreement, national or international legislation, are used to govern the dealings between individuals in commercial matters (Miller, Roger, Gaylord and Jentz, 98). Through this business law class, I have been equipped with an immense amount of knowledge and critical thinking skills on matters regarding the legal aspect concerning business entities and dealings. I am now conversant with how business contracts are carried out and the binding principles underlying them, the work ethics involved issues in regard to negotiable instruments, ...

Let me start by briefly stating what the case is all about. In the case, Hussein, an owner of an apparently very attractive car, has been offered 4000 USD by Interjeet in exchange of his car. In other words, Interjeet wanted to buy Hussein’s car. Considering the average prices of automotive vehicles today, it would seem that 4000 USD is a steeply low price. As expected, Hussein did not give any word about Interjeet’s offer and has kept himself mum. He thought and felt that his car is worth more than what Interjeet has offered. Hussein did not ...

Business Law Questions

Business Law Questions

This is the most suitable theory for the partners and the breach of contract. The breach of warranty highlights the damages which are available to the disappointed buyer when the specific seller has breached the article which explicitly stipulates the qualitative warranties. This implies that any buyer who unconditionally allows products that are nonconforming and who also follow the other conditions before he/she recovers the goods has the right to claim warranty.

Consequently, a breach of contract claim exists when the seller fails even to deliver the products when the need arise. This implies that in order ...

Introduction

Most organizations in Saudi Arabia are based on multicultural management due to the absorption of employees from all over the globe. This has increased the need for diverse management and cultural components which can handle the requirements of the employees and customers. This helps one to avoid creating ‘cultural shock’ or misunderstandings which may affect their endeavors adversely. One may mistake an innocent ignorant action to be disrespectful or arrogant action, for example when one decides to put up business that provokes Islamic beliefs and culture, this may send wrong signals to the target market and may end ...

Introduction

A contract can be defined as a relation between two parties, who enter into an agreement that will be bidding to them and enforceable by law. The consent of the parties should be a voluntary affair. There are various categories of contracts. The following cases studied below fall under the category of a sale of goods contract. For a sale of goods contract to be legally binding to the two parties, it must fulfill all the legal requirements of a valid contract. This means that there should be adherence to the requisite elements which include an offer, an unequivocal acceptance, and intention between the ...

- How does the passing of the Sarbanes-Oxley Act affect shareholders, directors, and officers of a corporation? Provide a specific example and support your answer with reference to the act.

Signed into law on the 30th day of July the year 2002, the Sarbanes-Oxley Act mainly concerns itself with transparency and accountability in publicly traded organizations. Apparently, the law bill was signed into full effective law by President Bush, amid cries from shareholders regarding the high rates of fraud and irregularities in public corporations. The law affects the directors in many ways that cannot be particularly classified as negative or positive. To the shareholder, the effects are positive in all respects. The first way the passing of the law affected the shareholders positively in the sense that it boosted ...