Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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State of Utah v. Travis Dee Timmermann FACTS: In the early morning of June 30‚ 2007‚ the Timmeran’s neighbor heard a woman screaming “stop it!” and “help me!” Around 7:00 am‚ the neighbor notified the police. Officer Mclelland asked Mrs. Timmeran to fill out a witness statement. In her three page statement‚ Mrs. Timmeran wrote that Mr. Timmeran repeatedly to hit her and force her to have intercourse. Another police officer asked her to submit to a sexual assault examination at the hospital. At
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Role and Functions of Law Paper Gregoria Williams LAW/421 March 9‚ 2015 Neha Bhatia Role and Functions of Law Paper The functions of the law and role of decision makers in business and for society are critical aspects for all issues that arise and require justification toward tolerance in a diverse country. The basic functions of the law are taxation‚ competition‚ intellectual property‚ employment and environmental law and create from a three party-system of government‚ the legislative branch‚ executive
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Law in Business and Society LAW/421 January 28th‚ 2013 C.J. Hughes The role of law in business and society plays a critical role and has both moral and ethical implications. Businesses laws help regulate business and social behavior in the marketplace and provide an ethical compass for businesses and consumer to follow. This is accomplished by providing the laws on a federal and state level to govern our actions and provide guidelines for conflict resolution. There are federal laws‚
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A Virtual Company: The Pros and Cons Applied Business Law – 34 Team Assignment – Week 7 Written and Submitted by: Renata Davis Virtual Space or Real Space Virtual companies (VCs) have little or no tangible presence outside of the internet. They could rightfully and insightfully be called businesses without walls. The possibilities for a VC are limitless and only bound by the limits the owner/entrepreneur puts on them. All business is conducted electronically. No need for high rents and
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Business Plan Part II: National vs. International Dr. Mary Ann Wangemann Bus 521: Entrepreneurship & Innovation I. Explain and justify at least three criteria you would use in deciding whether to take your business international level. Taking a business to an international level can be associated with many risks‚ but can bring along great opportunities as well. The first criteria that would be used to justify taking the business to an international level would be the overall need
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1 LITI Task 1 Business Organizations Sole Proprietorship A sole proprietorship is owned by one person that runs the business. No formalities are necessary since the business is not owned by anyone else. There are some advantages and disadvantages of owning a sole proprietorship. One advantage is that the business can be closed down at any time and any financial obligations can be paid off. Another advantage is that the business has no boss‚ partner‚ or board of directors to answer to. One
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STARTING A SMALL BUSINESS | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS | Contents INTRODUCTION 2 Proposed legal structure of the business 2 LEGAL ASPECTS 2 Local licenses and regulations 4 The implications for the business in legal aspect (M3) 4 FINANCIAL ASPECTS 5 The implications for the business in financial aspect (M3) 8 INTRODUCTION For this task I have been asked to describe the legal and financial aspects that will affect start-up of the business Proposed legal
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Part A Relevant Law Relationship of Partners to Outsiders Common Law Position An outsider has two possible grounds to recover from the partnership – where the partner has actual authority or apparent authority. Actual authority: the authority of a partner to do acts clearly stated and agreed to by the other partners (whether written or oral). Apparent authority: the authority that the partner appears to have to third parties (e.g. buying and selling goods‚ receiving payments‚ issuing
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Unit 5.5: The Separate Entity Doctrine “It is a basic doctrine of company law: that for certain purposes a company is a legal entity separate from the legal persons who became associated for its formation or who are now its members and directors. For certain purposes‚ there is a corporate screen around the members and directors. This is often referred as to the ‘Veil of Incorporation.’ The authority for that proposition is the leading case of Salomon v Salomon & Co Ltd [1897] AC 22. The
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