Business Law Prof: Adam Pincus 12/6/11 Pros and Cons of Philly’s proposed soda tax ‚ if it had taken place In April of 2010‚ Mayor Michael Nutter proposed a tax on soda (and other sweet beverages)‚ in an attempt to try to generate more revenue for the city and curb the city’s growing child obesity issue. The soda tax was an idea to generate millions of dollars in revenue for the city. The tax would’ve added an estimated $77million to the city’s coffers‚ $20 million of which‚ would go towards
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CHAPTER 2 FINANCIAL STATEMENTS‚ CASH FLOW‚ AND TAXES True/False Easy: (2.1) Annual report F K Answer: a EASY 1. The annual report contains four basic financial statements: the income statement‚ balance sheet‚ statement of cash flows‚ and statement of stockholders’ equity. a. True b. False (2.1) Annual report and expectations F K Answer: a EASY 2. The primary reason the annual report is important in finance
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that are impliedly authorized in order to carry out the representation‚ or are required by these Rules or other law‚ or by order of the Court. The penalty for not doing so is disbarment. 4. Under what circumstances should a lawyer terminate his representation of a client? The representation will result in violation of the Georgia Rules of Professional Conduct or other law; The lawyer’s physical or mental condition materially impairs the lawyer’s ability to represent the client; or the
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Natural Law – denotes a system of moral and ethical principles that are inherent in human nature and that people can discover through the us of their natural intelligence‚ or reason. Positive Law – Or national law (the written law of a given society at a particular point in time)‚ applies only to the citizens of that nation or society. Legal Realism – the idea that law is just one of many institutions in society and that it is shaped by social forces and needs. Constitutional Law – The law
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Business Law Case Study In the case presented‚ Biff Smith‚ the Chief of Police of the local department ordered a set of bicycles off of a local storeowner‚ Dirk Right. This was no simple order though‚ in fact Biff intended on starting a bike patrol unit within the local department. Biff went to Dirks Bicycle shop to place an order. The order was for five mountain bikes to be used for patrol so they had to be custom made in order to sport the police decals. Biff was very familiar with the Schwinn
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Case Summary: -Bob owns a Jewelry store -Sam operates electronic security equipment store -Bob and Sam are friends -Monday‚ Bob held a casual conversation with Sam about fitting his store with "closed circuit television and the best available electronic locks" -Tuesday‚ Sam sent Bob a Quotation of price "Lists of models and List of price" -Wednesday‚ Bob Replied BY POST. "Choice of Supreme Model for camera" -Posted to old address‚ Sam received on Saturday and emailed on the same day "
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Offer ( Topic 3) Is a proposal the acceptance of which establishes the existence of an agreement. It shows a promissory intent. In other words‚ it is a promise to do or refrain from doing something. - Usually upon condition that the other party agrees to do or refrain from doing something else in return. - Harvey v. Facey Harvey sent to Facey a telegram to buy Bumper Hall Pen. He asks Facey to telegram the lowest price. Facey telegram the lowest cash price £900. Harvey says agree to
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1. Which of the following is not an essential element of a Contract of Sale? a. Consent b. Subject Matter c. Delivery d. Price 2. What is the effect when all the three (3) elements of a valid contract of sale are present but there is a defect or illegality constituting any of such elements? a. Contract is Void. b. Contract is Voidable. c. Contract is Unenforceable d. Contract is Rescissible. 3. It takes place upon the concurrence of the essential elements
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occurred based on information that was not yet made public. Under this rule the information which affected the decision to conduct business must result in material to be found guilty of insider trading. Meaning‚ the business act had to be worth a significant loss or gain by either party involved. The main purpose of this rule was to prevent future forecasts of any business because predictions may affect buying or selling of shares and prediction may be inaccurate. Also both parties in this article are
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Statement of Facts: On 8 May 2015 David Smith drove his car through a red light. Afterwards‚ he then plowed into Ms. John Doe’s car‚ mangling it beyond repair. Fortunately‚ Ms. Doe escaped with minor scratches and bruises‚ even though she was seven and one-half months pregnant. Four days later she delivered a stillborn infant. The operating physicians concluded the unborn baby had died from injuries sustained in the accident. Ms. Doe had seen Dr. Horace Mann at her regularly scheduled check-up
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