Solve all of the following statements please???
As you start your journey of studying business law, you read about various laws that were enacted in response to business related issues. For this week's discussion board you will address the question: Why have laws pertaining to business?
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How important are laws to protect the prosperity of businesses?
How important are laws to protect society from the (perhaps unintended) costs of business?
How important are laws to protect our Earth from the (perhaps unintended) costs of business?
How important are law to protect the health of the environment?
What balance should laws seek to maintain the rights of businesses and the rights of their customers?
What balance should laws seek to maintain the rights of businesses and consumers and related impact on sustainability (broadly defined and interpreted)?
Case Study Company Law A private limited company, Gemstones Pyt Ltd, is engaged in the business of importing and supplying jewelry as wholesalers to local market. Ali, Ahmed, Sara, Faisal and Amir are the directors of the company. The company decided that the market is becoming more competitive so they need to expand their business. To achieve their target they obtained 4 million rupees loan for the local bank. They spent all the money to increase their business. All the directors of the company did not attend the meetings of the company, Ali and Ahmed are the only ones who participate in the meetings actively. At this time Ali contacted with another retailer of jewelry company, Saad who was looking for a reliable supplier. But he doesn't want to deal with Gemstones PVt Ltd because he doesn't like the managing director Ahmed. Ali did not want to miss this great opportunity so he set up his own business and entered into a contract with Saad without telling other directors of the company. All other members were unaware about this deal. After six months Ali resigned from the director's post because the company became insolvent and could not pay interest on its loans. Important points: 1. The company became insolvent due to expansion and was unable to pay the interest on its loans. 2. Saad was a potential customer of Gemstones Put Ltd. Consider the following: 1. Point out the concepts under Company Law underlying the case study. 2. Ali's course of conduct in the light of Company Law aspect. 3. Other director's liability arising in connection with the loan incurred. Could they avoid the liability under any circumstance? 4. Is Ali liable even though he has resigned from the post of the director? 5. Te legal sanding of Ali's own company running alongside Gemstones Pvt Ltd.B. Kwabena Badu, a 17-year old second year Accounting student at UPSA entered into an agreement with Paul Adom, for the rental of Paul's 3 storey building at East Legon for use as office space for his business at a cost of GHc10,000. In order to complete his final exams successfully, Kwabena also procures Accounting textbooks from Cephas at a price of GHc5000. Kwabena has failed to pay Paul the amount for the rent and has only paid GHc2000 for the books he bought from Cephas. Paul and Cephas have come to seek your advice as to whether or not they can institute legal action against Kwabena Badu. With the aid of decided cases, discuss the legal issues involved. (15 marks)Bachelor of Business and Entrepreneurship/ Bachelor of Commerce (Human Resources Management & Industrial Relations) Business Law BLAW221Q: Which of the following Is a primary activity In a firm value chain? Ans: Marketing & Sales 1. Marketing & sales Reason: Marketing & sales is the primary activity of the value chain for the firm because it helps to influence the customer and generate business for the organizations directly. 2. Finance Reason: Finance isn't a primary activity for the value chain because it provides support to the primary activities like operations, logistics, and marketing of the product. 3. Accounting Reason: Accounting isn't a primary activity for the value chain because it provides support to the primary activities like information about the cost of the product, profit, and sales records, etc. 4. Human Resource Reason: Human Resource isn't a primary activity for the Value chain because it provides support to the primary activities like providing employees for each department for achieving business objectives. All the very best, take care1. What types of ethical concerns do decision-makers at the management and lower organizational levels need to take into account? 2. How would you respond to someone who says that a business should always do whatever is in its economic interests? 3. What is wrong with the thought that abiding by the law is all the ethics that a business person needs to worry about? 4. How does specialized knowledge come into play in the management of ethics
