Business Law Discussion Questions

Business Law Discussion Questions

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Business Law Discussion Questions

I’m working on a business law question and need an explanation and answer to help me learn.

1. John Anderson and Carl Bailey owned an auto repair partnership. After much negotiation, Donald Hicks accepted an offer to join the partnership.  Donald’s capital contribution to the firm was storage facility the partners planned on using to store cars. The partnership was in financial trouble before Donald joined, and a creditor sued and won a judgment against the partnership in the amount of $100,000.  This was for debts that existed before Donald became a partner.  The creditor wanted to take the storage facility and Donald’s home.  What would be the result?  Discuss.
2. Sharon and Donna were partners in an accounting partnership. Business was very good and the partnership expanded much faster than anticipated.  Alexander, a top accountant, was invited to join the accounting partnership, but he declined. Sharon and Donna indicated in an advertisement they published in a regional newspaper that Alexander was now a partner in their firm.  Alexander does not dispute the erroneous fact in the ad.  Frank extended credit to the partnership, but the partnership cannot pay. Can Frank sue Alexander?
3. Samuel Baker and Robert Conrad started a partnership painting houses. They rented a space from John Crown for the purpose of storing their painting equipment and supplies.  Once day, Samuel was on the property to pick up some paint supplies when he got into an argument with John Crown.  Samuel, a big guy, punched John and knocked him out. Samuel loaded the pick-up truck with paint and started driving into the city.  On the way, he picked up George a hitch hiker.  Samuel ran a red light and crashed into another truck.  George was severely injured.  The partnership came to an end a month later, and Samuel was left penniless.  John and George are suing the partnership.  What result?  Discuss.Athlete Endorsement Agreement Discussion[Order Now]I’m working on a business law question and need support to help me learn.

   Sports marketing involves the use of famous athletes to promote the sale of products and services in our economy. Should an athlete’s image be tarnished by allegations of immoral of illegal conduct, a company could be subject to financial losses and corporate embarrassment.

   Endorsement contracts may extend for multiyear periods, and should a “morals” issue arise, a company would be well served to have had a broad morals clause in its contract that would allow the company at its sole discretion to summarily terminate the endorsement contract.[Order Now]

   Representatives of athletes, on the other hand, seek narrow contractual language that allows for termination of endorsement contracts only upon the indictment for a crime, and they seek the right to have an arbitrator, as opposed to the employer, make the determination as to whether the morals clause was violated. T
   Ennis star Maria Sharapova’s sponsorship contracts were suspended by Porsche and Nike after her revelation that she failed a drug test. And, NFL running back Adrian Peterson’s endorsement contracts were canceled after he injured his four-year-old son by spanking him with a wooden switch. Nike, RadioShack, and other sponsors ended their relationships (with an estimated value of $10 million a year) with cyclist Lance Armstrong after he admitted taking performance enhancing drugs. << for him to read.

   Questions: You will read “Sports & Entertainment – Endorsement Contracts” of your textbook. Then you will answer the following questions: What is a condition? What type of condition is the morals clause? Why do you or don’t you think the courts should be utilized to resolve controversies over whether the morals clause had been violated?

   Business Law Discussion Questions

   

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