this questions are in Accounting Business Law

169 CHAPTER 9 Legal Capacity to Contract and the Requirement of Legality 4. Monica, at age 16, is an Olympic silver medal swimmer. A swimwear company wishes to engage her to endorse a line of new racing suits. The endorsement package will require her to make public appearances, and appear for photo-shoots and in advertising copy. Discuss the difficulties that the firm may face in holding Monica to her commitments in the future. 5. On the above facts, if it is later found that Monica won her medal using banned performance enhancing drugs, what challenges will the company face in terminating the endorsement arrangement? 6. Fred purchases a vibrant nightclub from Amin. Amin is a dynamic impresario with a track record of success in being able to gauge the pulse and tempo of entertainment tastes of young people, and being able to build clubs and bars suited perfectly for university students. Fred's club is located in a university town with a population of 350,000. What terms might be appropriate for a non-compete agreement between Fred and Amin? How dependent on population is your answer - if at all? Case Problems for Discussion Mini-Case Problems 1. X, aged 17, purchased a bicycle on credit for the purpose of transportation to and from her place of employment. She made no payments on the bicycle, and the seller brought an action against her for the debt. Discuss the issues raised in this case and render a decision. 2. A and B agree to carry on a business in partnership as hardware merchants. A and B agree that if either party wishes to end the partnership he must not carry on a similar business within 80 kilometres for a period of ten years. A leaves the business a year later and sets up a competing hardware business across the street from their old shop, which B continues to operate. Advise B and A. 3. A and B are rival salespersons in the same firm and each have earned 2 tickets to the Grey Cup based on last quarter's sales. Each wants to take two friends to the game, and thus A and B agree to compete for the top sales position in the next quarter, winner taking the Cup tickets of the other. If B takes top spot in sales, and a refuses to hand over the tickets can B sue successfully