1.When a buyer rejects nonconforming goods and purchases the appropriate goods from a different seller, this is an example of which of the following: Specific Performance Revoking Acceptance Lawsuit for Money Damages Cover LAW 421 final exam answers Details 2.Which of the following would be considered intangible property? Hydrocarbons Pharmaceuticals A right of ownership or possession An apartment 3.Upon her return home from work, Maria discovered that her lawn has been mowed and trimmed. An hour later, a male stranger comes to her door for payment for the lawn work. Maria refuses any payment because she had not hired him to do the work. In these circumstances Maria would not have to pay anything.
The Securities and Exchange Commission (SEC) sanctioned Fiedelman for failing to exercise due professional care and for failing to document the changes that his subordinates had made in the 1997 North Face work papers. The SEC’s rationale behind their allegation of Fiedelman’s failure to exercise due professional care is that he was in violation of AU Section 230 and AU Section 150. The SEC explains that, as partner in charge, it was his responsibility to document any changes to the 1997 audit conclusion of North Face (Securities and Exchange Commission, 2003). Once he neglected to record these changes, he dismissed his responsibility of exercising due professional care as partner in charge and was, first, in violation of AU Section 230 (Securities and Exchange Commission, 2003). Second, the SEC explains that this mistreatment also caused Fiedelman to be in violation of AU Section 150; he neglected his responsibility of ensuring that the process for making these changes was carried out in accordance to Generally Accepted Auditing Standards (GAAS)
Subject： | Case Summary: Ipremier Case | Situation Ipremier was attack by some reason that the website was locked up and customer was not able to access it. The systems seem operated well so the staff did not know what exactly happen and how to solve it. At the time of the attack, Ipremier worried about the security of customer information and the impact of stock price. The employees were tried to solve the problems and minimized the influence of the situations. However, they have problem to access the Qdata headquarter because of the internal policy and they do not know what is the best way to solve the attack for example to pull the plug or not?
According to Citizen Schwarz Ag (C-S), Span Systems did not deliver on schedule and more to that, the quality of the deliverables were substandard with bugs in the testing stage. Citizen Schwarz Ag (C-S) therefore requested immediate rescission of the contract and release of the code. However sensible this might have been to them, Span systems had delivered over 50% of the deliverables therefore it would be breach of contract if the contract is cancelled. Citizen Schwarz was too concerned with the deliverables but it did not take into account the entire new user and system requirements that had changed over time causing delivery slips. The new changes have been difficult to accommodate within the existing budget and timeline.
Discussion Board 1 Liberty University Legal Issues In Business BUSI-561 Professor Kathleen Tailer September 14, 2014 Discussion Board #1 Benji Watson’s ethical dilemma is unfortunately not uncommon in society today. Many of the values that were the cornerstone of doing business during our forefather’s time are now considered optional if staying true to said values threaten the profit margin. Benji has to ask himself a couple of questions before he makes his decision. The first question being, “ Can I work for a company that does not share my core values and beliefs?” The next question is a little more difficult to honestly answer when faced with the prospect of a good salary and benefits package fresh out of college, “ Can I remain
Case Study Analysis Rouven Scheurer COMM/215 August 20, 2012 Renee R. Gravatt Case Study Analysis INTRODUCTION In this case study about Carl Robins, a number of problems occurred. I found issues in the recruiting process, as a result of lack of training that Carl Robins did not receive from starting his new recruitment job in which he was hired six months ago. With that being said, ABC Inc. made the wrong decision by assigning Carl Robins to the job of recruiting new hires. The company should have a better interviewing process to begin with. Carl Robins should have known that he needed to put a lot more preparation into this job instead of waiting until the last minute.
Negotiations broke down. Hoffman sued Red Owl for reliance damages, lost profits, and expenses. Red Owl’s defense was that the parties had never reached agreement on essential factors necessary to create a valid contract. The jury awarded Hoffman $16,735 for the sale of the store, $2000 for the sale of the bakery, and $1250 for other expenses. Red Owl appealed Issues: 1) Does promissory estoppel require that, aside from the lack of consideration, the promise sued upon must be able to sustain a cause of action under a breach of contract?
Grocery Inc. has contracted with Reliable Construction to renovate a store. Reliable has accepted too many contracts and must sub-contract the Grocery Inc. renovation to Casual Handyman. Grocery Inc. was not aware of the sub-contract. When Grocery saw the poor work that was being done and that Casual, not Reliable, was doing the work, Grocery applied for a court order to stop Casual from doing any more work (injunction) and then sued Reliable for breach of contract, seeking specific performance of their contract. Reliable argued that it has a right to sub-contract the work or, in
Mutual Mistakes In Contract Law Short Paper Analysis During the event of purchasing a car it can sometimes confusing for people and mistakes can happen. In the situation with Josh Hartly he was unaware of the specifications of the new car that he was interested in purchasing and the salesperson was also unaware as well. As the textbook states, “The validity of a contract may be affected by the fact that one or both of the parties made a mistake.” (Twomey & Jennings, 2014). Concerning Josh and the salesperson at the auto dealership both parties made a mistake about the specifications of the cars engine. This would be considered a mutual mistake, which happens when both parties enter into a agreement or contract under a mutual mistaken understanding concerning a basic assumption of fact or law on which the contract has been created.
That is not how his story ended up though. He is currently trying to file a lawsuit against the financial institution that had helped him with his mortgage because of the lack of information provided to him as well as a full understanding. (http://en.allexperts.com/q/Real-Estate-Home-1842/2008/2/Disaster-1.htm).This goes to show that this happens a lot when purchasing a new home. Some loan officers are not really worried about your financial needs and are not accurately doing their jobs by getting the person the type of loan that best suits them. It is wrong and the loan officers should get in trouble in some way because letting people get things that the officer most likely knows that they can’t afford is just setting them up for failure or