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Describe how your general education courses have influenced your ethical values.
In one year they earned considerable money, and at the end of the year they invested part of the profits in oil land.
What is a single tax advantage of a limited liability company? Explain the difference between an LP and an LLP.
Describe the circumstances under which a partnership would offer greater tax advantages than a single proprietorship.
Identify the factors that an entrepreneur should consider in selecting an organizational form for a business.
Describe the circumstances under which a partnership would offer greater tax advantages than a corporation.
Why must a principal notify a third party of the termination of an agency relationship? Explain.
Profit Corporation authorized Anderson, an employee, to find a buyer for used equipment that Profit intended to sell.
Mrs. Terry sees a cashmere sweater she likes in Peters Department Store but notices that it is slightly soiled. Alice, the sales clerk.
Explain what the following three principles of ethical organizational community (honesty, equity, and avoiding harm) are
The company has never done formal risk management, taking a more relaxed approach to risks. You are starting to develop your risk management plan.
When Buyer attempted to enforce the contract against Owner, Buyer was told that the contract was not enforceable.
Owner listed his house with Penelope, a real estate broker, granting Penelope an exclusive right to sell Owner’s house.
Julius and Olga Sylvester owned an unimproved piece of land near King of Prussia, Pennsylvania.
At the time, Arnon had in storage 5,000 bushels belonging to Johnson, who had authorized Arnon to sell for him.
Greif Brothers Corporation, a steel drum manufacturer, owned and operated a manufacturing plant in Youngstown, Ohio.
Ford Motor Credit Company is a subsidiary of Ford Motor Company, with its own offices, officers, and directors.
Sam and Theresa Daigle decided to build a home in Cameron Parish, Louisiana. To obtain financing, they contacted Trinity United Mortgage Company.
What is the rule regarding the authority of an agent to agree to a settlement? How should the court apply the rule in this case? Why?
The plaintiff parked his motorcycle in the defendant’s parking garage, from which it was allegedly stolen.
What factors would lead a person to choose patent protection over trade-secret protection, and vice versa?
Explain the four factors that are relevant to a determination of whether the fair use doctrine is available as a defense
Matt creates a small doughnut shop called DoGos. He uses the term DoGo surrounded by three concentric blue circles on all packaging.
Grover creates a machine that enables a manufacturer to make screws with 50 percent less waste than the industry norm.
Kristy and Cameron, two college students, cannot find summer jobs, so they decide to make money by printing and selling T-shirts.