Order Number |
jo09y8u78yui |
Type of Project |
ESSAY |
Writer Level |
PHD VERIFIED |
Format |
APA |
Academic Sources |
10 |
Page Count |
3-12 PAGES |
I’m working on a business law discussion question and need an explanation and answer to help me learn.
As a small-business owner, you are faced with rising costs, particularly employment costs, insurance, and the like. You decide to hire Leo, your good friend to save on these costs and insurance. Leo works for 6 months and wears the business shirt, deals with vendors and customers on the phone, and tells his family that he is the company’s best employee. One day at lunch, Leo heads to 7-11 for a Slurpee and befriends the owner, Dan. Leo makes a deal with Dan to sell your product, Widget’s spinners, at the 7-11 in exchange for a free Slurpee every day. The store sells out of Widgets spinners the next day and Dan calls to demand you restock because it is bringing in lots of customers.
Discuss the following:
Pursuant to the chapter reading this week, explain agency law and the three types of authority “relationships” that are created in the workplace between employers and employees. In other words, the authority an employee has from the employer to act on behalf of the employer in the workplace. Which authority relationship is created between your company and Leo and, per the scenario, is your company liable to restock Dan’s store? What is “scope of employment” and how is it applicable?
Identify and explain the Employment-at-Will Doctrine and all the possible exceptions to the Doctrine. Research using the NEXIS-Uni Legal Database and provide an example case in litigation of a wrongful firing or discharge in the last two years in violation of the Doctrine and explain the facts, the parties, their arguments, the law, and the outcome of the case. NEXIS-Uni Legal Database link: https://libdatab.strayer.edu/login?url=https://www.nexisuni.com
Formal Agreement Between Two or More Partners Question
I’m working on a business law question and need an explanation and answer to help me learn.
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?
Paula and Mike jointly own shares of stock of a corporation, have a joint bank account, and have purchased and own as tenants in common a piece of real estate. They share equally the dividends paid on the stock, the interest on the bank account, and the rent from the real estate. Without Paula’s knowledge, Mike makes a trip to inspect the real estate and, on his way, runs over Wilbur. Wilbur sues Paula and Mike for his personal injuries, joining Paula as defendant on the theory that Paula was Mike’s partner. Is Paula a partner of Mike?
Popson was the agent authorized to sell stock of the AAA Company at $10 per share and was authorized in case of sale to fill in the blanks in the certificates with the name of the purchaser, the number of shares, and the date of sale. He sold 100 shares to Barnes, and without the knowledge or consent of the company and without reporting to the company, he indorsed the back of the certificate as follows:
It is hereby agreed that AAA Company shall, at the end of three years after the date, repurchase the stock at $13 per share on thirty days’ notice. AAA Company, by Popson.
After three years, demand was made on AAA Company to repurchase. The company refused the demand and repudiated the agreement on the ground that the agent had no authority to make the agreement for repurchase. Is AAA Company liable to Barnes? Explain.