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business
essentials business law
Essentials of Business Law 10th edition Anthony Liuzzo - Solutions
The law requires that the parties be competent to enter into a contract. Give an example of a party who lacks competence.
Provide an example of a contracting party offering consideration by doing something that he or she is not legally required to do.
Parties to a contract must have a clear understanding of what they are undertaking—a meeting of the minds. Provide an example of two parties who have reached such a clear understanding.
Provide examples of typical offers and acceptances.
Indicate whether each of the following statements is true or false.To be legally enforceable, contracts must be in writing.
Study each of the following case carefully. Briefly state the principle of law and your decision.The New York City charter authorizes the board of health to adopt a health code and to take other appropriate steps to ensure the health of the citizens of the city. The charter states that the code
Study each of the following cases carefully. Briefly state the principle of law and your decision.The law in a particular state provided that the commissioner of insurance had the authority to approve or not approve the rates charged consumers for automobile insurance. The managers of a particular
Study each of the following case. Answer the questions that follow with Yes or No.Technology Unlimited operated a small factory, employing 100 workers. The company manufactured special measuring devices that were sold throughout the world to the aircraft industry.a. Would federal regulatory
Study each of the following case. Answer the questions that follow with Yes or No.Billings lived in a community that required a building permit before any major alterations could be made to residential property. Billings refused to obtain the permit and proceeded to build a garage on her
Study each of the following case. Answer the questions that follow with Yes or No.For three years, Patterson operated a small restaurant and enjoyed a growing business. His customers were pleased with the food and service. One day an inspector from the city’s board of health visited the
Individuals as well as businesses are affected by actions of administrative agencies in different ways. Select a particular agency and discuss how the agency affects individuals and businesses.
Explain why legislatures establish regulatory agencies.
Discuss criticism of administrative agencies.
Using examples, describe the operation of a typical administrative agency.
Indicate whether each of the following statements is true or Indicate whether each of the following statements is true or false.The federal Constitution has been amended more than 100 times.
Study each of the following case carefully. Briefly state the principle of law and your decision.The IRS filed a lawsuit against Stern to collect unpaid income taxes, penalties, and interest that had amassed over 10 years. In response, Stern petitioned the court to disallow the IRS from collecting
Study each of the following case carefully. Briefly state the principle of law and your decision.While in the custody of the New Castle Youth Development Center (YDC), 17-year-old Betts suffered a tragic spinal cord injury while attempting to make a tackle during a football game. Following the
Study each of the following case. Answer the questions that follow with Yes or No.In an effort to stem the rising usage of illegal drugs, the town of Zhemville passes an ordinance that mandates that all people found guilty of possessing illegal drugs be flogged.a. Does the ordinance violate the
Study each of the following case. Answer the questions that follow with Yes or No.The town of Ericton is considering passing an ordinance that would severely restrict the possession and carrying of firearms.a. May the ordinance prohibit the possession of firearms by felons?b. May the ordinance
Study each of the following case. Answer the questions that follow with Yes or No.The town of Homesdale passes an ordinance that requires all retail establishments to remain closed on Christmas Day. Several groups sue, arguing that the ordinance is unconstitutional.a. Does the ordinance violate the
Is it ethical for a state legislature to pass a law for the sole purpose of testing its constitutionality?
Should the death penalty be considered cruel and unusual punishment, thus violating the Eighth Amendment?
Should speech that is sexist, racist, ageist, or otherwise offensive be protected under the First Amendment?
Provide some examples of unreasonable searches and seizures.
Describe the process used to amend the Constitution.
Study each of the following case. Answer the questions that follow with Yes or No.Pratt, a stock-car racing driver, had entered a race to be held several months later. Two days before the race, he left his racing car at a shop to have some last-minute adjustments made. When Pratt went to pick up
Study each of the following case. Answer the questions that follow with Yes or No.Leffingwell engaged the Bartwell Tree Removal Service to cut down and remove a diseased tree from her property. When the work began, it was a calm day. As the work progressed, however, a high wind arose and blew a
Study each of the following case. Answer the questions that follow with Yes or No.The Sock ‘n’ Rock Music Store was located in a small shopping mall.In an effort to attract additional customers, the manager of the store installed an outdoor loudspeaker and played rock music at high volume.
Study each of the following case. Answer the questions that follow with Yes or No.Goldman, an ex-convict, was employed in the accounting department of Rogers Products Incorporated. None of his coworkers was aware of his previous conviction and imprisonment, although the president of the firm and
Do you believe it is unethical to exaggerate the extent of injuries suffered in an automobile accident resulting from another driver’s negligent driving in an effort to increase the amount of a financial settlement that will be paid by an insurance company?
If a person suffers a loss of his or her property as a result of the criminal wrongdoing of another, would it matter whether the thief (wrongdoer) is charged by the victim with the crime of larceny or the tort of conversion?
Explain strict liability and provide an example.
Explain vicarious liability and provide an example.
Explain the legal concept of liability and provide examples.
Indicate whether each of the following statements is true or false.Liability is the state of being responsible for a wrong or injury.
Indicate whether each of the following statements is true or false.A tort is a violation of the rights of a particular person.
Study each of the following case carefully. Briefly state the principle of law and your decision.Searle, office manager of Entro Products, had access to the firm’s checks to be used in paying for office supplies. However, Searle was not authorized to sign them. Each time he wanted to pay
Study each of the following case carefully. Briefly state the principle of law and your decision.DeCoster and his son, owners of a large egg production company, negligently sold eggs contaminated by salmonella poisoning, causing illness to 1,939 people, according to an estimate by the U.S. Centers
Study each of the case below. Answer the questions that follow with Yes or No.Gelfis owned and operated Welltech, a janitorial service company that provided services to a number of city and state agencies. Eager to expand his firm and increase his profits, he approached Biondi, the director of
Study each of the case below. Answer the questions that follow with Yes or No.Zaks, the owner of a hairstyling salon, Locks Unlimited, applied for a bank loan to buy new hairdryers and other equipment she felt were needed to attract new customers. To enhance her chances of getting the loan, she
Study each of the case below. Answer the questions that follow with Yes or No.Williamson owned and operated a restaurant named Plum Pudding. His restaurant had a difficult time competing with Green Apple Snak Shoppe, located across the street. It seemed that whenever Plum Pudding offered a new
What is the intent of someone who is said to engage in activities called “false pretenses”?
What is the difference between extortion and bribery?
Has the use of computers in business increased or reduced the incidence of embezzlement?
What are some common examples of white-collar crime?
What are some typical misdemeanors common to most jurisdictions?
What are some acts that were previously considered crimes but are no longer viewed as violations of the law?
What are some crimes that are particularly applicable to business?
What are the three major classifications of crimes?
What is the difference between a tort and a crime?
Indicate whether each of the following statements is true or false.The difference between extortion and bribery is that, in extortion, both parties are willing participants in the crime.
Indicate whether each of the following statements is true or false.A person who profits from the sale of stock as a result of using nonpublic information can be charged with violations of federal law.
Indicate whether each of the following statements is true or false.It is always illegal for an executive of a firm to buy or sell the stock of the firm.
Indicate whether each of the following statements is true or false.When employees with access to a firm’s money, such as accountants, cashiers, and bank tellers, wrongfully divert funds to themselves or to others, they are usually charged with burglary.
Indicate whether each of the following statements is true or false.The crime of perjury is limited to the false swearing under oath before a judge in a federal court.
Indicate whether each of the following statements is true or false.The legal term that covers such activities as obtaining goods and other benefits by the use of misleading statements and deception is false pretenses.
Indicate whether each of the following statements is true or false.In all states, the crime of bribery is limited to giving or taking money or property to influence a public official.
Indicate whether each of the following statements is true or false.The theft of goods from a vehicle in transit is known as hijacking.
Indicate whether each of the following statements is true or false.Shoplifting is the term that describes the theft of money by employees, such as accountants or cashiers, who steal money from retail stores.
Indicate whether each of the following statements is true or false.Larceny is a broad term that includes most forms of theft.
Indicate whether each of the following statements is true or false.Burning to defraud is a special category of crime committed by persons who burn their own property with the intention of collecting insurance money.
Indicate whether each of the following statements is true or false.White-collar crime, as distinguished from other types of crime, generally does not involve force or violence.
Indicate whether each of the following statements is true or false.Treason is a major crime against the federal government consisting of levying war or giving aid and comfort to an enemy.
Indicate whether each of the following statements is true or false.If a person’s reckless driving results in an automobile accident, he or she can be charged with both a tort and a crime.
Indicate whether each of the following statements is true or false.The purpose of criminal law is to compensate injured parties for their losses.
Study each of the following cases. Answer the questions that follow with Yes or No.Lackowitz, a college student, was concerned about a final examination. During previous examinations in the same course, he had seen other students cheat and obtain good grades. If he failed the course, he would need
Study each of the following case. Answer the questions that follow with Yes or No.Maas owns a company that manufactures children’s toys.The Consumer Product Safety Commission develops a regulation that requires companies to label any toys containing certain types of plastics, together with a
Study each of the following case. Answer the questions that follow with Yes or No.Ayer, an engineer with product development responsibilities, was confronted with an ethical dilemma. He knew that a product being manufactured by the firm was unsafe for consumer use as a result of cost cutting. He
The corporate culture exerts a major influence on the ethical behavior of every employee and executive in the firm. Since it is recognized that management largely determines the corporate culture, recommend steps management might take to establish a culture that will instill reasonable standards of
Critics of corporate social action question whether it is appropriate to commit corporate resources to socially desirable goals. It might be better, they suggest, to maximize earnings for shareholders, who could then use the higher earnings to advance society if they so desire. Critique the
A number of firms accused of unethical behavior had established codes of ethics, or credos, and formal employee orientation programs. It might seem that these efforts had little influence on the practices of the firms. Critique the practice of establishing codes of ethics and suggest ways that
A person who blows the whistle on some unethical practice in a firm is often treated as an outcast by his or her coworkers. Why does this occur? Does this mean that the coworkers are less ethical?
Discuss several responses by businesses to ethical issues.
Suggest several unfavorable consequences facing a business firm that consistently engages in unethical practices.
Discuss and provide examples of values that are highly regarded in our society.
Identify some typical issues for people who are ethically concerned with the environment.
Indicate whether each of the following statements is true or false.Professional and trade associations concern themselves and their members with guidelines for ethical business practices.
Indicate whether each of the following statements is true or false.“Corporate Responsibility” consist of actions that a business takes to demonstrate responsible behavior to society.
Indicate whether each of the following statements is true or false.A corporate code of ethics might be called a set of guidelines for the ethical behavior expected of employees.
Indicate whether each of the following statements is true or false.A whistleblower is a person who calls attention to illegal or unethical behavior.
Indicate whether each of the following statements is true or false.Public disclosure of a firm’s unethical practices can affect other companies as well.
Indicate whether each of the following statements is true or false.People tend to behave in accordance with accepted principles of what is right and wrong that govern the conduct of their group and that reflect the values of the group.
Indicate whether each of the following statements is true or false.Although ethical principles have influenced many laws, the laws themselves are usually more precise.
Indicate whether each of the following statements is true or false.The term values relates to the price of merchandise on sale.
Indicate whether each of the following statements is true or false.Generally, what is unethical is also illegal.
Indicate whether each of the following statements is true or false.Unethical behavior has not been a problem in society until recent times.
Match each of the numbered definitions with the correct term in the following list.1. An individual person’s beliefs as to what is right and wrong.2. The standards and principles society has adopted as a guide for the behavior of individuals within a society.3. The beliefs or standards considered
Complete the following activities. Share your findings with the class.In teams of three or four, interview the owners or managers of small businesses to determine the levels of laws—federal, state, or local—to which the firm is subject. Further, ask the interviewee to provide examples.
Study each of the following case carefully. Briefly state the principle of law and your decision.Without first obtaining the required marriage license, Evelyn and Joseph Carabetta were married in a religious ceremony. Thereafter, they lived together as husband and wife. They raised four children,
Study each of the following case. Answer the questions that follow with Yes or No.Phipps became involved in a case of mistaken identity. A local merchant falsely accused him, in front of people who knew him, of shoplifting. Phipps was charged but not convicted. Angry and embarrassed, yet not
Study each of the following cases. Answer the questions that follow with Yes or No.A television station aired a broadcast containing insulting remarks about a local official. The official had the broadcaster charged under a state statute that prohibited making defamatory remarks on public airwaves.
Match each of the numbered definitions with the correct term in the following list.1. A legally binding directive issued by the president.2. The portion of the law based on the decisions of the old English courts.3. A judicial body that has original jurisdiction in cases involving state law.4.
Study each of the following cases. Answer the questions that follow with Yes or No.Ferguson was arrested for possession of marijuana in a state where it was illegal. He argued at his trial that the highest court in a neighboring state had ruled a similar law invalid, which would be a binding
Normally there are no prosecutions for “padding” an expense account, yet it is considered unethical. Should such activity be prosecuted more forcefully?
Distinguish moral law from legal obligations.
Cite and describe the major classifications of law.
Identify the principal origins of law in the United States.
Explain how law affects (a) your personal or social life and (b) business or business operations.
Indicate whether the following statement is true or false.Juvenile courts, the U.S. Tax Court, and domestic relations courts are known as courts of original jurisdiction.
Indicate whether the following statement is true or false.State courts that have original jurisdiction for cases not otherwise directed to a specialized court are trial courts.
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