Business law | CASE STUDY ONSESAMWARE | | | | | SUBMITTED BY:Randeep SinghVarinder GillLovedeep Singh | CASE STUDY History 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
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To discuss whether or not there are valid contracts made between Charles v. Alex and Betty v. Alex‚ the formation of the contract have to be discussed. To form a legally binding contract‚ the elements of offer and acceptance; present of consideration; intention to create legal relation; capacity; legality of object; compliance with formalities; and genuine consent must be present all together. In the case of Charles v. Alex‚ to determine whether or not Alex was entitled to sell the apartment
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In the business world‚ people need to comprehend the business law and legal work that applies for all their business activities. Each decision that many industries makes must be considered from a legal point of view in order to ensure that it avoids severe lawsuits and satisfies the law. It is‚ especially‚ essential for people to understand the law applications that goes into a situation because there are many cases where there are various laws included in the matter. Because of those various laws
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1. What are the four elements of a valid contract? A contract is an "agreement between parties‚ with terms and conditions that describe the agreement that constitutes a legal obligation" (All Business). A valid contract requires four elements and these are: a. Mutual agreement there must be a meeting of the minds between parties. There should be an offer and an acceptance. There should be an agreement to enter into the contract b. Consideration - meaning that "every party is conferring a
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BUSI 2601: BUSINESS LAW CHAPTER 1: THE ROLE OF LAW How Do We Define Law? 1. Law is needed to protect persons and property; it prohibits conduct that society believes to be harmful to others. The law punishes a wrongdoer who is found guilty of such conduct‚ and usually also give the vistim a right to obtain compensation from the wrongdoer. It prescribes simple but vital rules that allow us to get on with our everyday lives. 2. Law gives government the powers to act for the benefit of society
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Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic‚ you will
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Employment Law: Immigration Immigration has become a huge topic in the United States for the last several years. House Bill 1804 has transitioned Oklahoma business owners to find individuals with legal status to fill their staff. In this paper I will discuss how this bill has impacted farmers and local businesses with labor work the average American wouldn’t do for the low pay. House Bill 1804 In 2007‚ House Bill 1804 was established in Oklahoma. This is a strict anti-illegal immigration law introduced
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Business Law Quiz 1a - Key Chapter 1 - True or False 1. Congress can only pass legislation that falls within the limits set up by the US Constitution. T 2. Only the US federal government has a constitution. F 3. State agencies take precedence over conflicting federal agency regulations. F Review Question Bob has a dispute with Ace Company over a perceived product defect. Bob hires a lawyer and after discussing the facts and issues‚ Bob’s attorney agrees to file a lawsuit
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BUSINESS LAW FINAL EXAM This is a take-home exam. The exam is to be handed out on July 26‚ 2012 and returned on July 31‚ 2012 on the final exam time. The group leader will assign each group member a question and each group member will answer the question and return the answer to the group leader. The group leader will grade each member in terms of cooperation and totality of the answer. The group leader will submit a final draft on exam date (July 31‚ 2012). The final draft must be done in
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losing party would be subject to very harsh and unreasonable bc the contract was unenforced Categories of illegal agreements 1)that violate statutes (break laws or are directly assisting in broken laws) 2)violate public policy 3)unconscionable agreements and contracts of adhesion Noncompetition clauses 1) Clause must serve a legitimate business purpose 2) The restriction on competition must be reasonable in time‚ geographic area and scope.3) The clause should not impose any undue hardship.. -Very
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