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business
essentials of business law

Questions and Answers of Essentials of Business Law

Business Law Critical Thinking Group Assignment.Review the basic requirements for a valid contract listed at the beginning of this chapter. Now consider the relationship entered into when a student
What elements are necessary for an effective offer? What are some examples of nonoffers? LO1
In what circumstances will an offer be irrevocable? LO2
What are the elements that are necessary for an effective acceptance? LO3
How do shrink-wrap and click-on agreements differ from other contracts? How have traditional laws been applied to these agreements? LO4
What is the Uniform Electronic Transactions Act? What are some of the major provisions of this act? LO5
What elements are necessary for an effective offer? What are some examples of nonoffers? LO5
In what circumstances will an offer be irrevocable? LO5
What are the elements that are necessary for an effective acceptance? LO5
How do shrink-wrap and click-on agreements differ from other contracts? How have traditional laws been applied to these agreements? LO5
What is the Uniform Electronic Transactions Act? What are some of the major provisions of this act? LO5
Agreement. Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. Ball then receives a letter from Sullivan stating,“I will not take
Online Acceptance. Anne is a reporter for Daily Business Journal, a print publication consulted by investors and other businesspersons. She often uses the Internet to perform research for the
Question with Sample Answer—Acceptances.Chernek, the sole owner of a small business, has a large piece of used farm equipment for sale. He offers to sell the equipment to Bollow for $10,000.
Shrink-Wrap Agreements. TracFone Wireless, Inc., sells phones and wireless service. The phones are sold for less than their cost, which TracFone recoups by selling prepaid airtime for their use on
Spotlight on Crime Stoppers—Communication. The Baton Rouge Crime Stoppers (BCS) offered a reward for information about the “South Louisiana Serial Killer.” The information was to be provided
Case Problem with Sample Answer—Acceptance. Troy Blackford smashed a slot machine while he was gambling at Prairie Meadows Casino.He was banned from the premises. Despite the ban, he later gambled
Online Acceptances. Heather Reasonover opted to try Internet service from Clearwire Corp. Clearwire sent her a confirmation e-mail that included a link to its Web site.Clearwire also sent her a
A Question of Ethics—Dispute-Settlement Provisions.Dewayne Hubbert, Elden Craft, Chris Grout, and Rhonda Byington bought computers from Dell Corp. through its Web site. Before buying, Hubbert and
Case Analysis Question. Go to Appendix I at the end of this text and examine the excerpt of Case No. 2, Feldman v.Google, Inc. Review and then brief the case, making sure that your brief answers the
Business Law Critical Thinking Group Assignment.To download a specific app to your smartphone or tablet device, you usually have to check a box indicating that you agree to the company’s terms and
What is consideration? What is required for consideration to be legally sufficient? LO1
In what circumstances might a promise be enforced despite a lack of consideration? LO2
Does a minor have the capacity to enter into an enforceable contract?What does it mean to disaffirm a contract? LO3
Under what circumstances will a covenant not to compete be enforced?When will such covenants not be enforced? LO4
What is an exculpatory clause? In what circumstances might exculpatory clauses be enforced? When will they not be enforced? LO5
What is intellectual property? LO1
Why is the protection of trademarks important? LO2
How does the law protect patents? LO3
What laws protect authors’ rights in the works they create? LO4
What are trade secrets, and what laws offer protection for this form of intellectual property? LO5
What is intellectual property? LO5
Why is the protection of trademarks important? LO5
How does the law protect patents? LO5
What laws protect authors’ rights in the works they create? LO5
What are trade secrets, and what laws offer protection for this form of intellectual property? LO5
Patent Infringement. John and Andrew Doney invented a hard-bearing device for balancing rotors. Although they obtained a patent for their invention from the U.S. Patent and Trademark Office, it was
Question with Sample Answer—Copyright Infringement.In which of the following situations would a court likely hold Maruta liable for copyright infringement? Why?(See page 142.)1. At the library,
Trade Secrets. Briefing.com offers Internet-based analyses of investment opportunities to investors. Richard Green is the company’s president. One of Briefing.com’s competitors is StreetAccount,
Licensing. Redwin Wilchcombe composed, performed, and recorded a song called Tha Weedman at the request of Lil Jon, a member of Lil Jon & the East Side Boyz (LJESB), for LJESB’s album Kings of
Case Problem with Sample Answer—Trade Secrets. Jesse Edwards, an employee of Carbon Processing and Reclamation, LLC (CPR), put unmarked boxes of company records in his car. Edwards’s wife,
Spotlight on Macy’s—Copyright Infringement.United Fabrics International, Inc., bought a fabric design from an Italian designer and registered a copyright to it with the U.S. Copyright Office.
Theft of Trade Secrets. Hanjuan Jin, a citizen of the People’s Republic of China, began working at Motorola in 1998. He worked as a software engineer in a division that created proprietary
A Question of Ethics—Copyright Infringement.Custom Copies, Inc., prepares and sells coursepacks, which contain compilations of readings for college courses. A teacher selects the readings and
Business Law Writing. Sync Computers, Inc., makes computer-related products under the brand name “Sync,”which the company registers as a trademark. Without Sync’s permission, E-Product Corp.
Business Law Critical Thinking Group Assignment.After years of research, your company develops a product that might revolutionize the green (environmentally conscious) building industry. The product
What two elements normally must exist before a person can be held liable for a crime? LO1
What are five broad categories of crimes? What is white-collar crime? LO2
What defenses can be raised to avoid liability for criminal acts? LO3
What constitutional safeguards exist to protect persons accused of crimes? LO4
How has the Internet expanded opportunities for identity theft? LO5
What two elements normally must exist before a person can be held liable for a crime? LO3
What are five broad categories of crimes? What is white-collar crime? LO3
What defenses can be raised to avoid liability for criminal acts? LO3
What constitutional safeguards exist to protect persons accused of crimes? LO3
How has the Internet expanded opportunities for identity theft? LO3
Double Jeopardy. Armington, while robbing a drugstore, shot and seriously injured Jennings, a drugstore clerk.Armington was subsequently convicted of armed robbery and assault and battery in a
Question with Sample Answer—Cyber Fraud. Kayla, a student at Learnwell University, owes $20,000 in unpaid tuition. If Kayla does not pay the tuition, Learnwell will not allow her to graduate. To
White-Collar Crime. Helm Instruction Co. hired Patrick Walsh to work as its comptroller. Walsh convinced Helm’s president, Richard Wilhelm, to hire Shari Price as Walsh’s assistant. Wilhelm was
Cyber Crime. Jiri Klimecek was a member of a group that overrode copyright protection in movies and music to make them available for download online. Klimecek bought and installed a server and paid
Case Problem with Sample Answer—Search and Seizure. Three police officers, including Maria Trevizo, pulled over a car with suspended registration. One of the occupants, Lemon Johnson, wore clothing
Search. Charles Byrd was in a minimum-security county jail awaiting trial. A team of sheriff’s deputies wearing T-shirts and jeans took Byrd and several other inmates into a room for a strip search
Credit- and Debit-Card Theft. Jacqueline Barden was shopping for school clothes with her children when her purse and automobile were taken. In Barden’s purse were her car keys, credit and debit
A Question of Ethics—Identity Theft. Twenty-year-old Davis Omole had earned good grades in high school and played on the football and chess team. He then went on to college.Omole worked at a cell
Critical Legal Thinking. Ray steals a purse from an unattended car at a gas station. Because the purse contains money and a handgun, Ray is convicted of grand theft of property(cash) and grand theft
Business Law Critical Thinking Group Assignment.Cyber crime costs consumers millions of dollars every year, and it costs businesses, including banks and other credit-card issuers, even more.
What is business ethics, and why is it important? LO1
How can business leaders encourage their companies to act ethically? LO2
How do duty-based ethical standards differ from outcome-based ethical standards? LO3
What are six guidelines that an employee can use to evaluate whether his or her actions are ethical? LO4
What types of ethical issues might arise in the context of international business transactions? LO5
What is business ethics, and why is it important? LO1
How can business leaders encourage their companies to act ethically? LO1
How do duty-based ethical standards differ from outcome-based ethical standards? LO1
What are six guidelines that an employee can use to evaluate whether his or her actions are ethical? LO1
What types of ethical issues might arise in the context of international business transactions? LO1
Business Ethics. Jason Trevor owns a commercial bakery in Blakely, Georgia, that produces a variety of goods sold in grocery stores. Trevor is required by law to perform internal tests on food
Question with Sample Answer—Ethical Duties.Shokun Steel Co. owns many steel plants. One of its plants is much older than the others. Equipment at that plant is outdated and inefficient, and the
Spotlight on Pfizer—Corporate Social Responsibility.Methamphetamine (meth) is an addictive drug made chiefly in small toxic labs (STLs) in homes, tents, barns, or hotel rooms. The manufacturing
Case Problem with Sample Answer—Ethics and the Law. Prudential Insurance Co. of America has a company guideline not to change the amount of a salesperson’s commission once a client has been
Ethical Leadership. David Krasner, who worked for HSH Nordbank AG, complained that his supervisor, Roland Kiser, fostered an atmosphere of sexism that was demeaning to women.Among other things,
Ethical Misconduct. Frank Pasquale used his father’s Social Security number to obtain a credit card. Later, pretending to act on behalf of his father’s firm, Pasquale borrowed $350,000.When he
A Question of Ethics—Copyrights. Steven Soderbergh is the Academy Award–winning director of Erin Brockovich, Traffic, and many other films. CleanFlicks, LLC, filed a suit in a federal district
Critical Legal Thinking. Human rights groups, environmental activists, and other interest groups concerned with unethical business practices have often conducted publicity campaigns against various
Business Law Writing. Assume that you are a high-level manager for a shoe manufacturer. You know that your firm could increase its profit margin by producing shoes in Indonesia, where you could hire
Business Law Critical Thinking Group Assignment.In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening
What is the principle of comity, and why do courts deciding disputes involving a foreign law or judicial decree apply this principle? LO1
What is the act of state doctrine? In what circumstances is this doctrine applied? LO2
Under the Foreign Sovereign Immunities Act, in what situations is a foreign state subject to the jurisdiction of U.S. courts? LO3
What are three clauses commonly included in international business contracts? LO4
What federal law allows U.S. citizens, as well as citizens of foreign nations, to file civil actions in U.S. courts for torts that were committed overseas? LO5
What is the principle of comity, and why do courts deciding disputes involving a foreign law or judicial decree apply this principle? LO4
What is the act of state doctrine? In what circumstances is this doctrine applied? LO4
Under the Foreign Sovereign Immunities Act, in what situations is a foreign state subject to the jurisdiction of U.S. courts? LO4
What are three clauses commonly included in international business contracts? LO4
What federal law allows U.S. citizens, as well as citizens of foreign nations, to file civil actions in U.S. courts for torts that were committed overseas? LO4
Letters of Credit. Antex Industries, a Japanese firm, agreed to purchase 92,000 electronic integrated circuits from Electronic Arrays. The Swiss Credit Bank issued a letter of credit to cover the
Question with Sample Answer—Dumping. U.S. pineapple producers alleged that producers of canned pineapple from the Philippines were selling their canned pineapple in the United States for less than
Case Problem with Sample Answer—Comity. Jan Voda, M.D., a resident of Oklahoma City, Oklahoma, owns three U.S. patents related to guiding catheters for use in interventional cardiology, as well as
Sovereign Immunity. When Ferdinand Marcos was president of the Republic of the Philippines, he put assets into a company called Arelma. Its holdings are in New York. A group of plaintiffs, referred

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