PROBLEM SOLVING QUESTIONS (4 points per question) 1. Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets: 2008 2007 Cash $ 200‚000 $ 170‚000 Accounts receivable 864‚000 700‚000 Inventories 2‚000‚000 1‚400‚000 Total current assets $3‚064‚000 $2‚270‚000 Net fixed assets 6‚000‚000 5‚600‚000 Total assets $9‚064‚000 $7‚870‚000 Liabilities and equity: Accounts payable $1‚400‚000 $1‚090‚000 Notes payable 1‚600‚000 1‚800‚000 Total current liabilities
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Found at the very end of Article I‚ Section 8‚ the Elastic Clause provides the government with an immense power and responsibility‚ “To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers‚ and all other Powers vested by this Constitution in the Government of the United States‚ or in any Department or Officer thereof.” The Elastic Clause allows government officials and the individuals who represent the country to adjust laws
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Assignment Answers – Part B Question 3 Joe claims that Betty’s Drycleaning Service (BDS) is responsible to compensate him for the loss of his dinner jacket and the damage to his trousers. He is claiming $500 as the replacement cost of a new suit. BDS‚ through its new owner‚ Bruce‚ is denying responsibility for this loss and damage due to an exclusion clause on the docket handed to Joe (as usual) when he left his items to be dry cleaned. Bruce also points to a sign at the back of the shop
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Exercise on Relative Clauses (Contact clauses) 1 Relative clauses - defining or non-defining? Study the situations and then decide whether the following relative clauses are defining or non-defining. defining – no commas non-defining – commas 1. I have three brothers. [pic] My brother who lives in Sidney came to see me last month. [pic] My brother‚ who lives in Sidney‚ came to see me last month. 2. I have one sister. [pic] My sister who is 25 years old spent her holiday
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Term Proposal When concerning ethical behavior‚ ethics can also imply with fairness. Companies that show fairness and justice tend to practice ethical behavior. However‚ there are many differences we think are justifiable for treating people differently. For example‚ an organization may think it is fair to terminate any employee over excessive tardiness or promote an employee for exceeding the expectations of his or her job performance. On the other hand‚ there are also reasonable criteria that
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Questions and Case Problem 1. It is well established that the U.S. Court has the territorial jurisdiction to apply‚ the plaintiff will have to prove to the Court how the conduct of the defendant has an impact on the U.S. market and how their behavior was unlawful based on the Sherman Act. If the plaintiff will be able to prove that the Slobovian’s cartel rejecting the purchasing of the goom mine has a negative effect on the U.S. customers‚ then the Sherman Act can be applied. The U.S. State in
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Mona Karimi Professor Estaji Adverbial Clauses An adverb clause modifies a verb. It contains a subject and a verb. As a dependent clause‚ it cannot stand alone and must connect to an independent or main clause to form a complete sentence. An adverb clause may come before or after the independent clause. When an adverb clause precedes an independent clause‚ a comma is used to separate the clauses. When the adverb comes after the independent clause‚ no comma is used. Adverbs indicate such things
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Exemption Clause Each time a person travels on a bus‚ train or an airplane‚ buys a washing machine‚ computers‚ etc.‚ or deposits good in a railway locker or even going to a concert‚ he will receive a standard form contract. There are two kinds of standard form contracts which is business transactions and consumer transactions Business transaction is one that regulates dealings between people in business for example building contracts and etc. While consumer transaction is one which
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This paper is going Describe the organization and structure of the American legal system by defining the different roles of the federal and state governments‚ it will also describe the Supremacy Clause and explain what happens when there is a direct conflict between federal and state law. Roles of the Federal Government The founding founders intended the United States to be ruled under the system of federalism. The Introduction to Law textbook defines federalism by saying “federalism is a system
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early American colonies‚ Congress initiated the First Amendment containing the “Establishment Clause” to protect religious freedom; “The Establishment Clause provides that “Congress shall make no law respecting an establishment of religion.”29 Throughout the years‚ the Supreme Court has struggled to capture the precise meaning of this phrase.30 The Court has found that‚ at a minimum‚ the Establishment Clause must mean the following: Neither a state nor the Federal Government can set up a church. Neither
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