Case Scenario: Big Time Toymaker Case Scenario: Big Time Toymaker Did the parties have a contract? If there was a contract between Big Time Toymaker (BTT) and Chou it was a bilateral contract that was binding when BTT (offeror) paid Chou (offeree) $25K in exchange for limited negotiation privileges for a 90-day period. Consequently‚ BTT bought the rights to negotiate the distribution agreements for Chou’s board game. A bilateral contract is an agreement of two promises and two performances. The
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University of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: April 5‚ 2015 TO: Michael Carrozzo FROM: Tennile Massey RE: Niskanen‚ W. A. (2005). Congress Should Repeal the Sarbanes-Oxley Act. Retrieved from http://www.cato.org/pub_display.php?pub_id=6624 Melvin‚ S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York‚ NY: McGraw-Hill/Irwin. ARTICLE SYNOPSIS This article is about
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Article Review-Part A Lora Carr LAW/421 July 29‚ 2013 Joseph Sette Article Review-Part A The Sarbanes-Oxley Act of 2002 was put in to place as a way of preventing and deterring future accounting fraud‚ protecting shareholders‚ and increasing confidence in public company financial reporting. However‚ SOX has imposed tremendous new duties and costs on public companies and accounting firms. Some individuals may call it an object failure while SOX hoped to create more confidence in capital
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University of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: TO: FROM: RE: Niskanen‚ W. A. (2006). Congress Should Repeal the Sarbanes-Oxley Act. Retrieved from http://www.cato.org/pub_display.php?pub_id=6624 ARTICLE SYNOPSIS The article was a proposal that tried to justify the reason that congress should repeal the Sarbanes-Oxley Act (SOX Act) of 2002. The act is seen as a problem because individual felt that the act
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1. At what point‚ if ever‚ did the parties have a contract? The only agreement that was made between the two was at the start.. The 90 day period that was paid off by BTT for Chou. After this there was no actual contract. They did discuss about having a contract and making it go through email but in the end there came out to be no contract. As it came out to be with no legal signatures from either of the sides then there was nothing to keep. 2. What facts may weigh in favor of or against Chou
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International Issues Aimee Head LAW/421 September 9‚ 2013 Kathryn Harris Abstract No two countries have the same political and legal system. Each country has its own laws and regulations on business and products. When doing business in another country it is important to know the laws and abide by them. Culture plays a huge part in a business’s success when venturing into a foreign market. Being sensitive to the cultural and religious beliefs in that country is important to a business’s long
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In 421‚ Kant assets that to be a moral being‚ we can engage in actions or act according the maxim or principle in which that maxim could become by our will a universal law. This maxim or principal is applicable to everyone and I could not be of exception. According to the categorical imperative‚ we must comply with certain duties. Kant draws a distinction between perfect duties and imperfect duties. A perfect duty is a maxim‚ which one must always do. An imperfect duty shall not be ignored‚ but
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Learning Team Weekly Reflection Law/421 University of Phoenix In Week one of Contemporary Business Law‚ Team A learned about substantive‚ procedural‚ criminal‚ civil‚ common‚ and statutory law. In the reading assignments for week one‚ we discerned the differences that separate the laws and how the courts enforce the laws. Corporations and businesses are awarded protections under the Amendments to the
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Discussion Questions One LaShanda Prejean LAW 421 Peter Derouen March 5‚ 2013 Discussion Questions One 1. To what extent does succession planning—such as for wills‚ estates‚ and trusts—affect business? How might these legal topics interact with your current or past job or industry? Every company succession plan carries the three bases that are will‚ trust and estate. The will‚ trust and estate provided a financial security and help plan the future. The purpose
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Considerations to take include contracts‚ local law‚ and local customs and culture. Steps may be taken to minimize risks in international business agreements as well. The first consideration that needs to be made when considering legal action against a business based in another country is contractual agreements. Review of what agreements the two parties have made through an agreed contract should take place. In reviewing the contract notice if a choice of law clause or a forum selection clause is present
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