Role and Functions of Law Paper University of Phoenix/Axia Law/421 – Contemporary Business Law Role and Functions of Law Paper The word law is defined as a system of principles and regulations of ethics and rules in order to keep people and also things in line‚ a set of rules of conduct. There are many functions of law in business and in society. Without the functions of laws many companies‚ etc. could and would not survive. Law is very valuable within businesses
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Week 3 Article Review With the rapid growth of e-business it is no small wonder why businesses today are taking advantage of the online market. The overall convenience and lack of complexity with buying products and services online has converted most of the public to shopping via the internet. Any business that sells a service or product must strongly consider the fact that being without a website or means for the public to shop online will only hinder the business’ profits and any chance for
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of Phoenix Material Article Review Format Guide MEMORANDUM UNIVERSITY OF PHOENIX DATE: April 5‚ 2015 TO: Michael Carrozzo FROM: Tennile Massey RE: Niskanen‚ W. A. (2005). Congress Should Repeal the Sarbanes-Oxley Act. Retrieved from http://www.cato.org/pub_display.php?pub_id=6624 Melvin‚ S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York‚ NY: McGraw-Hill/Irwin. ARTICLE SYNOPSIS This article is about Congress a
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and Role of Law in Business‚ Society‚ and the Military Law/421 The Functions and Role of Law in Business‚ Society‚ and the Military The functions of law in businesses and society are very particular and these roles and functions can make or break a society or business. Every business‚ society‚ and military have to make sure that they follow the laws and that each business‚ society‚ and military has a set of laws that they abide by or they could face closure or anarchy. Law in these three
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Article Review-Part A Lora Carr LAW/421 July 29‚ 2013 Joseph Sette Article Review-Part A The Sarbanes-Oxley Act of 2002 was put in to place as a way of preventing and deterring future accounting fraud‚ protecting shareholders‚ and increasing confidence in public company financial reporting. However‚ SOX has imposed tremendous new duties and costs on public companies and accounting firms. Some individuals may call it an object failure while SOX hoped to create more confidence in capital
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Reference: Melvin‚ S. P. (2011). Fundamentals of the Legal Environment of Business. Retrieved from The University of Phoenix eBook Collection database University of Phoenix. (2013). BUGusa‚ Inc. [Multimedia]. Retrieved from University of Phoenix‚ Law/421 website. Scenario: WIRETIME‚ Inc. (Janet) Has WIRETIME‚ Inc. committed any torts? If so‚ explain. Wiretime‚ Inc. has committed business competition tort or interference tort. Janet has a non-compete clause in her contract with BUGusa
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Week Five Team Reflection ACC 421 2014 Team B Week Five Reflection This week learning team “B” has discussed the concept of time value of money. One will be able to understand the importance of time value of money‚ the different ways to compute interest‚ information about present value and future value‚ and the how time value relates to accounting. Importance of Time Value of Money Time value of money deals with the relationship between money and time (Kieso‚ Weygandt
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Case Scenario: Big Time Toymaker Case Scenario: Big Time Toymaker Did the parties have a contract? If there was a contract between Big Time Toymaker (BTT) and Chou it was a bilateral contract that was binding when BTT (offeror) paid Chou (offeree) $25K in exchange for limited negotiation privileges for a 90-day period. Consequently‚ BTT bought the rights to negotiate the distribution agreements for Chou’s board game. A bilateral contract is an agreement of two promises and two performances. The
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item. The main original part of agreement between the two was the $25‚000 but that would have been proven fraud in the end. With the emails being send by both of them and no names with no signatures they would have had nothing out of the whole case. 5. Could BTT avoid this contract under the doctrine of mistake? Explain. Would either party have any other defenses that would allow the contract to be avoided? They cant and did not avoid the whole thing because there were mistakes made. The doctrine
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This pack of LAW 421 Week 3 BUGusa‚ Inc. Worksheet shows the solutions to the following problems: Use the scenarios in the BUGusa‚ Inc.‚ link located on the student website to answer the following questions. 1. Scenario: WIRETIME‚ Inc.‚ Advertisement Has WIRETIME‚ Inc.‚ committed any torts? If so‚ explain. 2. Scenario: WIRETIME‚ Inc. (Janet) Has WIRETIME‚ Inc. committed any torts? If so‚ explain. 3. Scenario: WIRETIME‚ Inc. (Steve and Walter) Discuss any liability BUGusa‚ Inc. may have for
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