Answer all questions???

THE LAW OF BUSINESS ORGANISATIONS After the failure of All Electronics Here, Michael and Janet start up a new business together as a partnership. They are both partners in the business. They run an online store selling household appliances to customers around Australia. Their partnership agreement provides that Michael is responsible for purchasing stock from suppliers, and that Janet is responsible for selling stock to customers via the online store.?

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Michael has no authority under the partnership agreement to sell stock to customers, and Janet has no authority under the partnership agreement to purchase stock from suppliers. While Janet is processing customer orders in the online store, she sees a wholesale advertisement for coffee machines at a very competitive price. The offer is only open for the next hour, and she is unable to contact Michael. She decides to purchase 100 coffee machines, on behalf of the partnership business, on ordinary credit terms. When Michael later finds out about the purchase, he is very upset and tells Janet that she is solely responsible for the debt. Explain whether Michael is also responsible for the cost of the coffee machines, according to the law of partnerships. Make sure that you fully explain your answer, and that you refer to relevant sources of law (cases and legislation). In IRAC format?

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5. In the long run, those who do not use power in a manner society considers responsible will tend to lose it?

a) Law of motion?

b) Iron Law of Social Responsibility?

c) Law of business?

d) All of the above?

6. _________________ emphasizes obligation and accountability to society.?

a) Corporate social responsibility?

b) Corporate social responsiveness?

c) Corporate social performance?

d) None of the above?

7. _______________________________ emphasizes action, activity.?

a) Corporate social responsibility?

b) Corporate social responsiveness?

c) Corporate social performance?

d) None of the above?

8. _____________________________emphasizes outcomes, results.?

a) Corporate social responsibility?

b) Corporate social responsiveness?

c) Corporate social performance?

d) None of the above?

9. CSR mandates that the corporation has not only ___________ and_________ obligations,?

but also certain responsibilities to society that extend beyond these obligations.?

a) Economic, legal?

b) Religious, legal?

c) Financial, economic?

d) None of the above?

10.Carroll's four part definition include which elements where he stated that CSR?

encompasses _______________, ______________, __________and ____________expectations that society has of organizations at a given point in time?

a) the economic,?

QUESTION 9 What areas of the legal environment of business are covered by treaties? O Product safety O Intellectual property rights O Human rights and global security Competition law QUESTION 10 Businesses tend to see law in a negative light because: The law creates obligations for society as a whole The law levels the playing field between companies The law constrains business activities The law allows businesses to be eligible for public funding