Business Law in Accounting Melissa Randall Business Law I / 421 Professor Deborah Gronet March 16‚ 2009 Business Law in Accounting Accounting is the system of recording‚ reporting and verifying financial information for individuals and businesses‚ including income‚ expenses‚ value of assets‚ and so on. However‚ Business Law I‚ takes what is normally known of accounting and moves into another arena‚ one which includes civil and criminal liabilities‚ contract law‚ ethics and the Sarbanes-Oxley
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Scenario: WIRETIME‚ Inc.‚ Advertisement Has WIRETIME‚ Inc.‚ committed any torts? If so‚ explain. WIRETIME‚ Inc. places an ad in a magazine stating that BUGusa devices were low quality and did not work for more than a month. The tort is defamation. Defamation occurs when one party makes a false statement about another. A third party heard or read the statement must be about a particular party‚ and damages such as loss of business result of the statement. WIRETIME stated a false statement about the
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International Management 8 (2002) 223 – 240 Liability of foreignness to competitive advantage: How multinational enterprises cope with the international business environment Deepak Sethi*‚ Stephen Guisinger 1 University of Texas at Dallas‚ P.O. Box 830688‚ Richardson‚ TX 75083-0688‚ USA Abstract An expanded and holistic conceptualization of the liability of foreignness (LOF) is presented that goes beyond the traditional foreign subsidiary – local firm dyad in the host country. Taking the strategy
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registered under the law (if any) for the time being in force for the registration of such documents‚ and is made on account of natural love and affection between parties standing in a near relation to each other. In other words‚ an agreement made on account of natural love and affection is binding if the following requirements are present: It is expressed in writing; It is registered (if applicable); and The parties stand in a near relation to each other --- Tan Soh Sim‚ Chan Law Keong & Ors v
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Business Discussion You own University Heights Apartments‚ a business that rents primarily to students. One evening‚ your tenant Sharon is attacked by an intruder who forces the lock on the sliding glass door of her ground-floor apartment. Sharon’s screams attract the attention of Darryl‚ your resident manager‚ who comes to Sharon’s aid. Together‚ he and Sharon drive the intruder off‚ but not before they both are badly cut by the intruder. 1. Is the intruder liable for what he has done? a. Yes
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Reflection Paper – Cramming More Components Onto Integrated Circuits a. Summary Integrated circuits will be the very foundation for improving the world of electronics and continue to push the boundaries of the different areas of science never before seen by an order of magnitude. b. Overview The author points out that integrated circuits are the future and that in as little as a few years’ time more and more transistors are squeezed in a single silicon chip having the capabilities of
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Products Liability 1. Construct a fact pattern [an example] to clearly delineate: a. A Manufacturing Defect: A car’s braking system that does not work properly and causes the driver to get into an accident. b. A Design Defect: A type of sunglasses that fail to protect the eyes from ultraviolet rays. c. A Marketing Defect: Prescription drugs advertised as “virtually non-toxic‚” “safe‚” and “free of significant side effects” when they are not. They failed to state
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What is a contract? A contract is an agreement enforceable by law. 2. What is an agreement? An agreement is an arrangement between parties that creates legal obligations between them. Generally an agreement is said to be arrived at when an offer or proposal made by one person is accepted by another‚ with the intention of creating mutual obligations between them. 5. What are the essential features of a contract? Minimum two parties :- Atleast two parties are needed to enter into a contact
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Resolving Ethical Business Challenges Chapter One 1. What are the potential ethical issues faced by Acme Corporation? Acme is essentially bribing buyers to purchase their products. This could backfire on them if the buyers company gets wind of it. The reaction of the company may be to fire their buyer and cut off Acme all together. This of course could be potentially fatal for Acme in two ways‚ one by damaging their infrastructure though lost revenue and two by damaging their corporate
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takes longer and cost more because the arbitrator needs time to hear from both parties‚ analyze facts‚ examine evidence and determine a ruling that is legally binding. Usually parties who decide to use the mediation process will continue to conduct business with each other; typically parties who use arbitration
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