Question: CASE # 1. ( 6 Points ) Carrie is starting a business located in Chicago, Illinois. She is to manufacture widgets and wants to maximize
CASE # 1. ( 6 Points ) Carrie is starting a business located in Chicago, Illinois. She is to manufacture widgets and wants to maximize earnings by selling them to businesses in developing nations. She also requires that her widget adhesive solution be purchased with the widgets. Is there any legal problem with this sales arrangement? Does the fact she is using this practice in a foreign country make any legal difference? Be sure to identify the relevant law(s) or legal concept(s) and use it/them to support your answer.
CASE # 2. ( 6 Points ) Carrie wants to raise capital to expand her business so she solicits friends and relatives to invest. She signs a contract with each investor promising a prorated return of profits based on their size of investment. Her Uncle Fred decides this is too risky and wants his money back. Carrie refuses. She relies on the contract as binding. She also has allocated the money to begin operations. Does Uncle Fred have any legal basis to recover his investment? Explain fully. Be sure to identify the relevant law(s) or legal concept(s) and use it/them to support your answer.
CASE # 3. ( 6 Points ) Carrie finds a potential customer in France. The customer wants to use its own standard purchase agreement. What, if any, concerns ought Carrie address in the contract since this business is engaging in international trade? Be sure to identify the relevant law(s) or legal concept(s) and use it/them to support your answer.
CASE # 4. ( 6 Points ) Carrie continues to think up ideas to expand her business and try to earn more profits. She and her sales people send samples of widgets to businesses who buy widgets from other suppliers that they assess may be potential new customers to Carries company. If the company does not return the widgets it is assumed they used it and may be interested in buying them. A batch of widgets is then sent with an invoice. 30 % of the companies pay the invoice. Are these businesses liable to pay for the widgets sent to them? Fully explain. Be sure to identify the relevant law(s) or legal concept(s) and use it/them to support your answer.
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