Business Law in Accounting Melissa Randall Business Law I / 421 Professor Deborah Gronet March 16‚ 2009 Business Law in Accounting Accounting is the system of recording‚ reporting and verifying financial information for individuals and businesses‚ including income‚ expenses‚ value of assets‚ and so on. However‚ Business Law I‚ takes what is normally known of accounting and moves into another arena‚ one which includes civil and criminal liabilities‚ contract law‚ ethics and the Sarbanes-Oxley
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same time I’m also a very creative person‚ making my work as creative as I can within the restrictions of the assignments. Both of these traits could especially be seen in my science classes last year where our primary focus was the body and its different systems. For one thing‚ I remember listening attentively as our class was being assigned large projects and presentations. For several of these projects my fellow students and I were able to work with partners or even groups. Being cooperative was
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Business Law TRI 1‚ 2011 Assessment 1 3) Norris had decided for some time that he wanted to purchase a motel. After looking at several different areas‚ he settled on Port Stephens in New South Wales as offering him both the potential for a business and the lifestyle he was seeking. He rang a number of real estate agents‚ inquiring whether they had any motels listed for sale. He finally found a motel and general business listed with an estate agent called Evatt. Evatt told Norris that once he got
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most people that work in a corporation often come across and have to deal with on the job ethical issues. “Ethics is a conception of right and wrong conduct. Ethical business behavior is demanded by business stakeholders‚ enhances business performance‚ complies with legal requirements‚ prevents or minimizes harm‚ and promotes personal morality” (Lawrence and Weber 2011). Ethic issues occur in all areas of business and at all levels of business management. I believe that ethical problems occur for
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is to change the law as it applies to the general population. A minority of Private Members’ Bills becomes law but‚ by creating publicity an issue‚ they may affect legislation indirectly. Like other Public Bills‚ private Member’s Bills can be introduced in either House and must go through the same set stages. However‚ as less time is allocated to these Bills‚ it’s likely they will proceed through all stages. A Bill is a proposal for a new law‚ or proposal to change an existing law‚ presented for
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There are certain rules that govern a valid contract. THE ISSUE: The issue in the case is whether the agreement was legally binding upon Dream Design or whether it failed for want of consideration. THE LAW: If the promise merely fulfils an existing contractual duty to the promisor‚ he does not provide consideration to buy the buy promisor’s promise. In the case‚ Atlas Express Ltd. V.Kafco (Importers and Distributors) [1989] 3 W.L.R. 389 K entered into a contract with W to supply W with
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Negative Consumer Behavior To fully understand what negative consumer behavior is and what makes a bad customer‚ we first have to understand what "consumer behavior" is. In their book‚ "Consumer Behavior: Concepts and Strategies‚" Berkman and Gilson (1981) say that the American Cultural System‚ which is made of values and artifacts‚ strongly influences consumer activity in the United States. "In the twentieth century‚ American Culture reflected a distinct consumption ethic based upon affluence
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A Business Ethical Duty: Social Responsibility Joe McClendon Western Governors University A community business has a social responsibility to its local community‚ its employees have an ethical duty their employer‚ and management has business responsibility to act in the best interest of stakeholders. Company Q is a small local grocery store chain located in a major metropolitan area. The company is struggling internally with ethical integrity and social responsibility. Company Q’s ethical
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Case 1: In this case about 200 customers of Potter’s business were not notified of the termination of the agency and Aker who had been a sales agent for Potter for twenty years was also fired along with the termination of the company. Typically when there is a termination of an agency or a agency relationship the agent no longer represents the principal (Potter). However‚ if an agency is terminated the principal is under a duty of notification of the termination of the agency to the third parties
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Behavior-Oriented Rating Method VS. Results-Oriented Rating Methods The behavior-oriented rating method focuses on an employees behavior. There are two ways that behavior-oriented method is used: employees behavior is compared against other employees or an employee evaluated in terms of performance without reference to others (2005). These two systems are known as relative rating system and absolute rating system. Under the behavior-oriented rating method there are several ranking systems to choose
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