Preview

Week Three Bus415 Discussion Questions

Satisfactory Essays
Open Document
Open Document
698 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Week Three Bus415 Discussion Questions
Discussion Question
Kathy Hardy,
BUS/415
JUNE 16, 2011
Yolanda Williams

Discussion Questions

Week three Discussion Questions

Question one * Hazel is 84, and suffers from debilitating arthritis. Sometimes, she can barely walk. Every time Hazel has been unable to get around, her neighbor Ruth cooks and cleans for her until she feels better. Hazel has offered to pay Ruth, but Ruth always declines. One day when Hazel is feeling well, she and Ruth eat out in a restaurant, and Hazel tells Ruth she is going to leave her $50,000 in her will. Six months later, Hazel dies without leaving a will. Can Ruth successfully sue Hazel’s estate for $50,000? State the legal reasons for your answer. * * * Can Ruth successfully sue Hazel’s estate for $ 50,000? * * No, Ruth cannot successfully sue Hazel’s estate, because Individuals sue other folks for just about anything, and sometimes these individuals win. But in Hazel’s case, if Hazel dies without a will, the state in which Hazel lives in will dictate who gets Hazel’s money. It probably doesn 't matter what Hazel told Ruth, Hazel 's husband, children or siblings will get her money. If Hazel talked about Ruth to her children, they may see fit to give her some money, but it won 't be legally necessary, and Ruth surely will not get $50,000. * Reasons for my answer * Because under the Statute of Frauds any gratuitous promise must be in writing to be enforceable and an oral promise to create a will is not enforceable. * Question two * * What is the purpose of the Uniform Commercial Code (UCC)? What types of transactions are covered by the UCC? What problems was the UCC designed to address? How would interstate transactions be different without the UCC? Provide an example. * What is the purpose of the Uniform Commercial Code (UCC)? * The purpose of the Uniform Commercial Code is to provide a consistent set of laws between the states so as to encourage commerce



References: Cheeseman, H. R. (2010). The legal environment of business and online commerce: Business ethics, e-commerce, regulatory, and international issues. (6th ed.) Upper Saddle River, NJ: Pearson Prentice Hall.

You May Also Find These Documents Helpful

  • Good Essays

    References: Cheeseman, Henry R. (2010). The Legal Environment of Business and Online Commerce: Business Ethics, E-Commerce, Regulatory, and International Issues, Sixth Edition. Published by Prentice Hall.…

    • 896 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Nora Lindsay Case Study

    • 990 Words
    • 4 Pages

    This evidence was found from from the formal approach the deceased took when writing the will and the support of the deceased’s intentions with a statement in 2008. This formal evidence included writing her name, address and date of birth at the top of the first page, by adopting language commonly used when writing wills such as ‘being of sound mind’ and ‘bequeath’ and also by signing the document. Further evidence of the deceased’s intentions was also supported by the fact that the deceased placed the document, along with other important documents, in an envelope that stated “this contains the Will of”. Furthermore, by the deceased informing the appellant of her will and intentions in 2008, Her Honour drew the conclusion that the deceased intended the document to take effect upon her death, finalizing her intentions for the document to form her…

    • 990 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The government could have placed tighter constraints on the credit market; the government agencies charged with managing banking policies and procedures could’ve formulated a policy that would require that banks were only able to hedge a certain amount of liability as long as they had enough capital to cover double the amount of the liability. The government could also have placed more stringent regulations on banks and related financial institutions to provide proof that the potential buyers of homes could fiscally make the required home/mortgage payments in lieu of the poor economy. This could have been accomplished by verifying their credit score, annual salary, and reviewing 6-12 months of the potential homeowner’s financial statements to ensure their candidacy and responsibility. Another regulation that could have averted the 2008 credit disaster would be requiring all potential home buyers to take a financial course that included content covering how to read legal contracts” or something similar. Yes, this additional step would prolong the home buying process but in the long run it would potentially weed out the vast majority of homeowners that would likely default on their mortgages.…

    • 496 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Distinguish between a joint tenancy and a tenancy in common with regards to real property. What are the differences in the owners…

    • 373 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Cheeseman, H. R. (2010). The legal environment of business and online commerce: Business, ethics, e-commerce, regulatory, and international issues. (6 ed., p. 49). Pearson College Division.…

    • 642 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    What is the chronological order of the major legislation that makes up the history of employment law in this country? For each law, state the social problem the law was designed to address, and discuss how employment law has affected the workplace in the last two decades.…

    • 402 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    New Will Case Study

    • 636 Words
    • 3 Pages

    Because Abby’s will contest was filed before the new will is admitted into an authorization. To prove that the will was duly effected, a will proponent must prove that it was signed by the testator and also was signed by two capable witnesses over the ages of fourteen in the presence of the testator.…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In conclusion, sales contracts are similar to common law contracts, but may also have distinct differences in terms of offer, acceptance, and consideration. The UCC was established to ease commerce amongst the states and has been adopted by all, at least in-part. The code protects buyers and sellers in Article 2, Sales, and provides laws to be followed in the absence of specific terms set forth in a sales contract. Merchants and non-merchants conducting sales transactions, and having knowledge of the UCC, place themselves at less risk, and in a better position to avoid…

    • 501 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Think about how the U.S. Constitution outlines and details the responsibilities and powers associated with each of the branches of the U.S. government and how power is balanced between these branches. Using that analysis, answer the following.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Law 531

    • 421 Words
    • 2 Pages

    References: Cheeseman, H. R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7th ed.). Upper Saddle River, NJ: Prentice Hall.…

    • 421 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Universal commercial Code ( UCC) has been created to foster the free flow of commercial activity in the United States by making laws that are both reasonable and practical. Article 3 of this code deals with negotiable instruments. These contracts for payment serve as a substitute for actual money and make the flow of commerce move along at a faster rate.…

    • 642 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Covering the Ucc

    • 258 Words
    • 2 Pages

    The Uniform Commercial Code generally regulates commerce or trade on a national basis. Do you think that the UCC would directly or indirectly have any effect on international commerce? If so, what effect on international or worldwide commerce do you think the UCC might cause? In order to give an answer one must understand that in the world trade industry everything ties together. The UCC might just be a State side regulatory law system, but it has to affect the international world too; this might not be direct, but the effects have to exist. When US companies trade outside of the US, their regulations affect the international buyer. Payments, contracts and agreements that are drawn up under the UCC for companies that wish to conduct businesses internationally have affected international businesses with the UCC. Now this in no way saying this is a bad thing. It just means that the same rules we use have to be used by companies that trade within the US. Think of credit cards, they use the UCC in order to keep getting paid from the card holder as well as the card holder keeping his or her rights as an individual or company. Without a clear set of regulatory laws in place like the UCC big companies and one-man operations would not have the rights and protections they have nor would the consumers have rights and protections.…

    • 258 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    2. dedicated to formulizing modern rules on commercial transactions and to furthering the harmonization and unification of the law of international commerce.…

    • 14113 Words
    • 57 Pages
    Good Essays
  • Powerful Essays

    Sustainability in Industry

    • 8567 Words
    • 32 Pages

    bodies. These laws and codes helps in global trade by setting a benchmark for quality of product.…

    • 8567 Words
    • 32 Pages
    Powerful Essays
  • Powerful Essays

    ? The terms and conditions of the L/C must be complied with UCPDC 500 and Exchange Control & Import Trade Regulation.…

    • 1196 Words
    • 5 Pages
    Powerful Essays