week 5 bus final
ACME FIREWORKS
Acme Fireworks
Acme Fireworks businesses choices allow the business to grow or will it dictate the demise of the future of Acme Fireworks Company? Is there a choice to be unsuccessful or just what the rest of the business world already knows.
This will be a collaboration of how and why different laws and decisions affect a business. The company is going to explore protecting itself, or going to make a poor legal decision that could either cost the company its business license. Also what it means to be a sole business operator, partnership or corporation. In Business the most important thing understands a contract; this will be an everyday experience. Legally understanding what is enforceable and what you are liable for in the contract in case something does need to be addressed. These Contracts can be governed by common law or by UCC (Uniform Commercial Code).
Normally, contracts are governed and enforced by the law in the state in which the agreement was made but depending on the subject matter of the agreement such as property lease and sales of goods thus a contract may be govern by either one or two types of state law, called: The common Law and The Uniform Commercial Code (UCC). These state laws cover anything from buildings, torts, and criminal laws, these cases have been decided on over the years by a judge. The UCC covers the sales of goods this was the standard to help uniform the fifty states in commercial law. This was an article of common law; if the UCC does cover every contract the common law will cover it. This contract (Acme Firework) will be under the UCC because it is a standardized collection of guidelines that govern the law of commercial transactions. The UCC is applicable because it covers bulk sales and secured transactions of commercial transactions (UCC ,n.d.).
In order to have a contract an offer must be made then an acceptance of that offer also a sufficient consideration to make the contact valid. These
Acme Fireworks
Acme Fireworks businesses choices allow the business to grow or will it dictate the demise of the future of Acme Fireworks Company? Is there a choice to be unsuccessful or just what the rest of the business world already knows.
This will be a collaboration of how and why different laws and decisions affect a business. The company is going to explore protecting itself, or going to make a poor legal decision that could either cost the company its business license. Also what it means to be a sole business operator, partnership or corporation. In Business the most important thing understands a contract; this will be an everyday experience. Legally understanding what is enforceable and what you are liable for in the contract in case something does need to be addressed. These Contracts can be governed by common law or by UCC (Uniform Commercial Code).
Normally, contracts are governed and enforced by the law in the state in which the agreement was made but depending on the subject matter of the agreement such as property lease and sales of goods thus a contract may be govern by either one or two types of state law, called: The common Law and The Uniform Commercial Code (UCC). These state laws cover anything from buildings, torts, and criminal laws, these cases have been decided on over the years by a judge. The UCC covers the sales of goods this was the standard to help uniform the fifty states in commercial law. This was an article of common law; if the UCC does cover every contract the common law will cover it. This contract (Acme Firework) will be under the UCC because it is a standardized collection of guidelines that govern the law of commercial transactions. The UCC is applicable because it covers bulk sales and secured transactions of commercial transactions (UCC ,n.d.).
In order to have a contract an offer must be made then an acceptance of that offer also a sufficient consideration to make the contact valid. These
References: Contracts and the Law - FindLaw. (n.d.). Retrieved November 1, 2014. Introduction to Contracts and Consideration. (n.d.). Retrieved November 3, 2014. Rogers, S. (2012). Essentials of Business Law. San Diego, CA: Bridgepoint Education, Inc. Statutes & Constitution :View Statutes : Online Sunshine. (2014, November 2). Retrieved November 2, 2014. Uniform Commercial Code. (n.d.). Retrieved November 3, 2014.