Leah Earp 1. Ronderos should win the lawsuit because the property was rightfully Schock’s already and Ronderos is not a merchant therefore the risk of loss is Schock’s. 6. The dealer cannot reclaim the automobile because the buy was a good faith purchaser and the dealer can only make a lawsuit against B. 10.
The Federal Trade Commission is an agency to protect consumer from anti-competitive business practice, (monopoly) I believe that is a waste of an agency. There are quite a few big corporations that merge with other ones and still operate as individual corporations, but are just one. One example of that is AT&T. This
Claims can be made against him by other officers of the corporation as officers to redress the wrongs,. and shareholders through a shareholder's derivative suit. Also, his dividend of the coproate funds, since not ordered by the directors, was illegal
If the pedestrian sues the company, Hotspur, there can be a recovery for the injury. The principal (employer) becomes liable for the agent's (employee) torts (wrongs), if the torts are committed within the scope of the agency or scope of the employment. This would fall under the theory of liability called “the doctrine of repondeat superior” and imposes indirect liability on a principal without regard to the personal fault of the principal for torts committed by an agent in the scope of the agency. In this case, the employee was not necessarily acting outside the scope of employment merely because she does something that he should not do. The employer cannot disclaim liability simply by showing that the employee had been directed not to do what he did.
Hence, suppressing the "speech" of "people” is unconstitutional. The decision allows corporations to influence the outcome of federal elections directly. Corporations no longer have to support candidate using Political Action Committee funds, but simply from their general treasury. Prior to Citizens United, a corporation that wish to support or oppose a federal candidate must use PAC funds. PAC funds are the employees of the corporation who wish to support candidate to voluntary contribute to the election.
Provide examples to support your response. The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company. The CFO will receive no financial incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an ethical violation for the CFO?
One huge internal control concern with LJB Company is violation of the segregation of duties internal control principle. The accountant should not serve as Treasurer and Controller. The same employee should not be responsible for related activities and record keeping should be separate from physical custody of the asset. By having the accountant order, pay and receive supplies increases the risk for fraud because they handle related purchasing activities. They can easily use fraud to authorize payment for a false invoice.
This section of the Clayton act wanted to promote free trade and keep smaller businesses from getting too greedy. Basically the act tried to keep out any anti-competitive behavior out. Also in section seven there were provisions for prohibiting certain types of holding companies. This is a company whose primary purpose is to hold stock of other companies, which the government saw as “an old fashioned trust” and wanted to make sure those did not arise again like in the late
Contract law promotes commerce, by guaranteeing that the law protects them. If a party fails on the agreement, the plaintiff has the right to take them to court. The UCC lets the commercial party decides on what options are available if the agreement is breached by any party. If they haven’t made them, courts will, giving the injured party the incidental damages, an sometimes consequential damages. This is lost profits from business being closed, because a seller did not bring the machine for a job.
Many companies argue that the SOX Act is too costly and ineffective and that the Oversight Board has not been able to prove the SOX Act’s value; however the Oversight Board would argue that since its inception, there has not been another massive scandal like Enron Corp or WorldCom, Inc. Whether a company has chosen to comply because it values the ethics supported by the Sarbanes-Oxley Act or simple fear of repercussions from being caught, no one can argue the decrease in corporate scandal is a good thing for America’s business