Assignment 2: Impact of U.S. Federal and State Compliance Laws Learning Objectives and Outcomes Evaluate how U.S. compliance laws influence the given business problem. Assignment Requirements Read the business scenario given in the text sheet named “IS3230: Unit 1 ABS Financial Solutions.” Analyze the given business scenario in order to evaluate how the U.S. Federal and State Compliance laws affect the given problem and shape its solution accordingly. Then write a summary report that answers
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Research Paper: The principle of a separate corporate personality is a fundamental concept in Business Law. However this does not stop the courts from lifting or piercing the veil to see what lies beneath. Critically discuss this statement citing the relevant case law. As is evident with most principles of law there are exceptions to the doctrine of separate legal personality. The courts will generally depart from the principle separate corporate personality in certain instances where tools
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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 Typically when there is a termination of an agency or a agency relationship the agent no longer represents the principal (Potter).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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decide whether make a contract or renew a contract with consumers. And also the insurance company wants to decide the price of the contract and terms and conditions of the contract on the basis of the information which is provided by the consumers. The law enforces a duty of disclosure on consumers when they are looking to take a new insurance cover or wants to renew the existing insurance cover. Insurance
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promised by the other contracting party. 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
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Federalism and the federal system were formed in order to be the foundation of American government. “Federalism is a political system in which ultimate authority is shared between a central government and state or regional governments”. In recent times federalism has become more competing. Obviously‚ federalism in the US involves the relationship between the federal government and those of the states. As recalled from history lessons‚ the US was formed when the thirteen original states notified the
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HA2022 Business Law Tri 1‚ 2011 QUESTION 1 Sue Fairbairn is 35 years old. She is a commercial boat skipper who works for Whale Watching. She has held a commercial skipper’s licence for 15 years and is considered to be a very experienced whale watching skipper. To ensure she is always at the peak of her health she has annual medical examinations‚ which are conducted by her local doctor. Last week she was booked to take a group of tourists on a whale watching cruise leaving from Byron Bay and
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1. Invested $70000 in business. 2. business purchased supplies and carpet the amount of supplies 500 and the amount of carpet was $50 paid in cash 3. The advertising of business on cash of 200 4. The business collected loan from bank of 8000 5. The business purchased truck of 9000 in cash 6. Business purchased 100 computer systems of 60000. The business pay 30000 in cash and the rest of amount will after 3 week 7. Business purchased supplies of $500 and write on note that will return after
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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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be legalized at the federal law for medical purposes. Medical marijuana should be legalized at the federal law for medical purposes because marijuana helps many people manage pain or illnesses. There is a lot of illnesses and pain that marijuana can treat. Marijuana does have side effects but what medication does not? Many people deal with the slight side effects and people who cannot deal with the side effects quit smoking marijuana. A problem in society is the federal law arresting people selling
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