Johnny is a junior in high school at the age of seventeen and would turn eighteen in December of that year. He decided to find a summer job to make some extra spending money and noticed that Jack at Jack’s Used Cars was looking for someone who would wash and detail his inventory of cars […]
Tag Archives: UCC
Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.
Description You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed […]
Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.
Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why. Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract. Explain the potential personal liability to Acme Fireworks if a spectator is injured […]
What ethical considerations do you have when in a contractual relationship? (Hint: There are two factors in making business decisions we discussed so far in this class. Law. Statutes and Court decisions, and ethics. Discuss how ethics should be a consideration in making business decisions.) what is Common law contracts?
Description when someone sells a car to a friend (they are not in the car business) and when merchants (UCC) enter into contracts. Why do you think the UCC is or is not important to merchants in order to effectively do business? Be sure to give examples. (Hint: Discuss how a common law contract is […]
Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks
Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why. Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract. Explain the potential personal liability to Acme Fireworks if a spectator is injured […]
