death or selling of the business. Even if the spouse or other person is given rights to operate the business after the owners’ death‚ a new sole proprietorship has legally been started. | Owners of sole proprietorships are going to have a difficult time acquiring capital for the business. The personal liability of a sole proprietorship makes investors leery because of the personal debt liability. | Taxation of a sole proprietorship is figured on the owners personal taxes. The owner is responsible
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Case Scenario: Big Time Toymaker LAW/421 April 23‚ 2012 Professor Douglas Edmunds 1. At what point‚ if ever‚ did the parties have a contract? The parties had a contract when they spoke of and agreed on the deal that was later followed up by a BTT manager via email. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts that weigh in favor of chow include the email that was sent to him from the BTT manager as well as the fax
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six different types of law‚ which are: substantive‚ procedural‚ criminal‚ civil‚ common and statutory. In all cases certain US Constitution amendments must be applied in order to protect the rights of the business or organization. Discussion Criminal law is the portion of the law that deals with legal punishments of criminal defences. Whereas‚ civil law deals with disputes between individuals‚ organizations in which compensation is awarded to the victim. Criminal law cases are dealt with by
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University of Phoenix Material BUGusa‚ Inc.‚ Worksheet Use the scenarios in the Bugusa‚ Inc.‚ link located on the student website to answer the following questions. Scenario: WIRETIME‚ Inc.‚ Advertisement Has WIRETIME‚ Inc.‚ committed any torts? If so‚ explain. It seems WIRETIME‚ Inc. (a relatively new competitor) committed intentional tort advertising negative information in a well-known industry magazine in regard to BUGusa‚ Inc.’s devices being low quality and stating the devices
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ARTICLE SYNOPSIS In your own words‚ summarize the article. The article details the growing world of businesses and the law’s need to keep up to regulate new developments. A lot of companies now offer services or products online in some capacity‚ making them an E-Business. Some companies operate almost entirely online‚ such as Amazon. Other companies that operate mostly offline‚ such as Coca Cola‚ still maintain some sense of presence online. As businesses grow in these capacities‚ they must
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This paperwork of LAW 421 Week 5 Article Review includes: Resource: Article Review Format Guide located on the student website Locate an article specifically related to the Sarbanes-Oxley Act (SOX Act) of 2002. Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today’s business environment‚ and the criminal penalties for which the act provides. Format your paper consistent with APA guidelines
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Week Four Individual Case Scenario LAW/421 March 14‚ 2013 Week Four Individual Case Scenario By studying the situation‚ I don’t believe the 2 sides concerned ever had a deal. In the situation‚ the sides reached a deal just 3 days ahead of the conclusion of a 90-day time frame set in the initial negotiation deal. In the initial negotiation deal‚ it says that there would be no distribution agreement until it was on paper. As soon as the BTT manager posted the e-mail to Chou‚ he described
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This situation between John and Mark is kind of unique. John signs a contract to sell some of his property to Mark on August 1st‚ but John delays the date until November 1st and we do not know the reason for Johns delay. This makes Mark must incur additional expenses for his national dog breeding company called Remington Sporting Dog Breeders. Mark must find a suitable alternate location to house his dogs until the new November closing date. Before I read the chapters this week I looked over this
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LAW/421 Version 1 Contemporary Business Law Individual Assignment: Role and Functions of Law Paper Laws are set by government to create a better society and business transactions. Laws are created and do force us to give some our freedom to be able to live in a safe environment and feel comfortable to make transactions. Through Laws it helps adjust social behavior‚ which allows society to work effectively. Laws also are put forth to have ethical standards in society and business‚ so that no one
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the dock it is really cool even in the mornings it is cold but nice at the same time. One time we went on a drive and got the jeep stuck in the mud it was pretty funny but my dad wasn’t laughing. One time he let me drive the jeep‚ and I got stuck? Yeah‚ it wasn’t very funny when I had to push it out. Well back to my fishing stories‚ in the morning’s I go fishing but most of the time I don’t catch anything. The only time I catch something is when I put a hot dog on my line‚ I was pretty happy. I hope
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