When asked “what can Moon, Inc do to get its money from Bob Zimmerman?” I would address it by saying if Zimmerman doesn’t pay off what he owes then according to the mortgage contract Zimmerman would foreclose his house and Moon, Inc. would have the right to bid first. My reasoning is that initially the mortgage was taken out for the house and Zimmerman paid back loans toward the bank. If Zimmerman doesn’t pay then the house is foreclosed and the bank gets the right to bid first on credit bid. Now the mortgage for the house belongs to Moon, Inc. and Zimmerman pays back loans to Moon, Inc. Since Zimmerman has stopped paying his mortgage that means that when the house gets foreclosed Moon, Inc. would have the right to bid first on credit bid.…
Northwest Brands, Inc., is a small business incorporated in Minnesota. It's one class of stock is owned by twelve members of a single family. Ordinarily, corporate income is taxed at the corporate and shareholder levels. Is there a way for Northwest Brands to avoid this double-income taxation? Explain your answer.…
In our case Samantha Smith had an accident in a retail store where she slipped on shampoo that had leaked from the bottle and suffered a broken hip. In her suite against the store Samantha claims the store is at fault; however, the store claims that Samantha failed to exercise due care while shopping and that she is partially to blame for the accident. The three articles below pertain to our case in one way or another.…
Alex would be suing Betty for a breach of contract. He would only succeed if he’s able to prove that a contract was in place. A contract can be defined as “a written or spoken agreement that is intended to be enforceable by law.” In order for it to be formed, agreement must take place and it can be broken down into two elements. Firstly, an offer. This can be described as an expression of willingness to contract on clear terms, with the intention that it will become a binding contract when it has been accepted. The second is acceptance, which can be defined as the unqualified expression of assent to the terms of an offer.…
Fiduciary Duty after Francis Pusateri retired; he met with Gilbert J. Johnson, a stockbroker with E. F. Hutton & Co., Inc., and informed Johnson that he wished to invest in tax-free bonds and money market accounts. Pusateri opened an investment account with E. F. Hutton and checked a box stating that his objective was “tax-free income and moderate growth.” During the course of a year, Johnson churned Pusateri’s account to make commissions and invested Pusateri’s funds in volatile securities and options. Johnson kept telling Pusateri that his account was making money, and the monthly statement from E. F. Hutton did not indicate otherwise. The manager at E. F. Hutton was aware of Johnson’s activities but did nothing to prevent them. When Johnson left E. F. Hutton, Pusateri’s account—which had been called the “laughingstock” of the office—had shrunk from $196,000 to $96,880. Pusateri sued E. F. Hutton for damages.…
No, Emerson is not liable. Emerson clearly stated that children should be kept away. In the owner’s…
The article reports on Lance Armstrong who is famous cyclist that use performances-enhancing drugs to bring his career to a successful.…
Pacific Gas & Electric Co. v Bear Stearns & Co. (retrieved November 4, 2011) http://scocal.stanford.edu…
“Litigation is the bringing, maintaining, and defense of a lawsuit” (Cheeseman, 2010). There are two forms of litigation: traditional and nontraditional. The pretrial process is divided into pleadings, discovery, dismissals and pretrial judgments, and settlement conference. This is followed by the trial proceedings and appeals, if applicable. Nontraditional litigation includes ADR, alternative dispute resolution. “The most common form of ADR is arbitration” (Cheeseman, 2010). Other forms include negotiation and mediation. It is up to management to determine which form of litigation is appropriate for the organization.…
| Many areas of law important to businesses are governed by the Uniform Commercial Code.…
Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game, Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly, it was installed as part of the bundle downloaded by hundreds of millions of gamers around the globe. The open source code helped to easily adapt every facet of computer life for all platforms and operating, networking, navigation and security systems.…
A. CONSTITUTIONAL LAW. A state's constitution can't conflict with the U.S. Constitution or a federal law.…
You are an employee at a nice paper mill and want to impress the boss by burning the midnight oil (but not too close to the wood pulp). For four consecutive weeks, you work forty-five, forty-two, thirty-nine, and thirty-one hours.…
Describe the differences between criminal and civil law, substantive and procedural law, and business law and other forms of law.…
80. As courts decide cases involving the Internet and new kinds of issues not addressed previously, what role, if any, does precedent play? What role should it play? What difficulties could arise?…