Problem 1: ISP Corporation is an Internet service provider. How can ISP obtain capital to finance its operations? Discuss the different options.
Problem 2: With a couple of new ideas regarding software design, Carol and Ray start a partnership that, with business success, becomes Pacific Applications Company. The company grows to include a staff of twenty-one employees. Over time, Pacific develops a new computer operating system. The firm signs licensing contracts with several computer manufacturers, but needs to double the number of its employees to fulfill those contracts. Is Pacific subject to federal antidiscrimination laws? If so, what should it consider in hiring new employees? Discuss.
Problem 3: Mark agrees to act as Nora's agent for the purpose of investing Nora's money. Mark violates his duty to Nora by depositing Nora's money into his own account and spending it. Discuss all remedies that are available to Nora.
Problem 4: Earl obtains a mortgage on his home from First National Bank. Earl defaults on his mortgage payments, and First National brings a foreclosure action against him. Before the house is sold, can Earl prevent the sale and reclaim his home? Discuss.
Problem 5. Lee's Will provides for a distribution of Lee's property. Who is the person in charge of doing these things, and what are all of the steps involved? Discuss.