...LAW 421 Week 1 Role and Functions of Law Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/law-421-week-1-role-functions-law-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. inCh. 2, section 2-6, “Commerce Powers,” of the text Write a 700- to 1,050-word paper in which you define the functions and role of law in business and society. Discuss the functions and role of law in your past or present job or industry. Properly cite at least two references from your reading. Format your paper consistent with APA guidelines. LAW 421 Week 1 Role and Functions of Law Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/law-421-week-1-role-functions-law-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. inCh. 2, section 2-6, “Commerce Powers,” of the text Write a 700- to 1,050-word paper in which you define the functions and role of law in business and society. Discuss the functions and role of law in your past or present...
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...LAW 421 WEEK 2 Individual Assignment Addressing International Legal and Ethical Issues Simulation Summary University Of Phoenix Complete the Addressing International Legal and Ethical Issues simulation located on the student website. Write a 350-word summary of the simulation using APA format. In your paper, answer the following questions: * What are the issues involved in resolving legal disputes in international transactions? * What are some practical considerations of taking legal action against a foreign business partner based in another country? * What factors could work against CadMex's decision to grant sublicensing agreements? * When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why. * How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently? Use a minimum of 3 peer-reviewed articles from the University of Phoenix Online Library to support your positions. Addressing International Legal and Ethical Issues Simulation Summary NAME: DATE: LAW 421 INSTRUCTOR: Once I finished participating in the simulation I began to see many problems when it came to the practices and the resolving of international transaction disputes. I took some resourcefulness to navigate through difficulties of working with two separate...
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...LAW/421 Version 1 Contemporary Business Law Click Here To Download Week One: Introduction to Law Participation Participate in class discussions and respond to weekly discussion questions. DQs due days 2, 4 and 5 7 Individual Role and Functions of Law Paper Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. in Ch. 2, section 2-6, “Commerce Powers,” of the text Write a 700- to 1,050-word paper in which you define the functions and role of law in business and society. The Cipollone case merely illustrates some of the functions and roles of law in business; your paper should not be a discussion of that case. You can cite to that case only as needed to exemplify some point you are making. Discuss the functions and role of law in your past or present job or industry. What is the most important Constitutional provision to business law? Properly cite at least two references from two different sources. Format your paper consistent with APA guidelines. Day 7 11 Individual Bio Post your bio in the body of a message in the chat room. Week Two: Torts Participation Participate in class discussion and respond to weekly discussion questions. DQs due days 2, 4 and 5 7 Individual Addressing International Legal and Ethical Issues Simulation Summary Complete the Addressing International Legal and Ethical Issues simulation located on the student website. Write a 350-word summary. In your paper, answer the following...
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...|[pic] |COURSE SYLLABUS | | |School of Business | | |LAW/421 Version 1 | | |Contemporary Business Law | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course reviews the U.S. legal system, common law and its development, organizational structures, and the regulatory environment pertinent to business. Students will learn to critically examine torts, crimes, and business ethics. They will also examine contracts; business associations including agencies, partnerships, and corporations; wills, estates, trusts, and other legal entities; securities regulations; and investor protections. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies...
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...Stallings, Aja Cancela, Terry Cardenas LAW/421 September 2, 2013 Neha Bhatia Learning Team “A” Discussion Team “A” learned in week two the differences between substantive, procedural, criminal, civil, common, and statutory law. This paper provides differences and examples of these types of laws. Substantive Law Substantive Law is what deals with an individual’s personal rights, known as “real property” in which the rights are regulated in this arena. An example of these laws discussed during the week was the case of Mary and the neighbor. Mary was negligent when using the trimmer and the neighbor suffered a loss. Substantive law provides the neighbor with the right to collect damages and procedural law is the structure for collecting restitution. Procedural Law Procedural Law provides the structure that is used for setting up guidelines for pursue of the rights of substantive. It is utilized for description of the guidelines and rules set in the aspects of a governmental case pre, during, or post of the trial. This law may be utilized in proceeding of criminal, civil and administrative to help in the structure of how the mentioned proceeding will be handled. Included but not limited in the law may be the selection of jury, the set jurisdiction and the limitation of the statue. These laws of procedural differ in the kind of court proceedings as the courts individually have a particular set of laws. The main objective of these laws of procedural is to assure that the...
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...Week 2; Addressing International Legal and Ethical Issues LAW 421 Forum selection should be determined during contract negotiation and execution so in the event of a dispute both parties know if the dispute will be settled in a U.S court, a local court or by either binding or non-binding arbitration. If both parties are members or the World Trade Organization (WTO), they are encouraged to try arbitration first, but if it is unsuccessful, they can turn to the WTO Disputes Settlement Body. When deciding to take legal action against a foreign business partner based in another country, it is important o consider their local cultures and customs. It is also important to have an understanding of their local laws. Other factors that CadMex needs to consider is the amount of time and increases costs involved with maintaining standards of production after sublicensing. Allowing the sublicense will generate goodwill, but the generic brands will be significantly less expensive than the original brand name. This will impact the Candorean GDP and as a result, the Candorean government may not approve the sublicense agreements The prevailing law should be established during contract execution to prevent disputes in the future, however, when local customs and laws conflict with the customs and laws of an organization operating abroad the conflict needs to be examined and determined on a case by case basis. In most cases, it is in the best interest of the companies to work within the...
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...Addressing International Legal and Ethical Issues Simulation LAW/421 Addressing International Legal and Ethical Issues Simulation Businesses worldwide are branching into new markets to maximize their profits and customer base. This increase in globalization is creating new and expanded concerns when it comes to international legal and ethical issues. The simulation presented to students in week 2 introduced some of the issues that might arise in the international business world. Legal Disputes When a company makes the decision to get involved in international transactions, two aspects of the business contract will be the choice of law clause and the forum selection clause. The choice of law clause will determine the laws that apply should a legal dispute arise (University of Phoenix, 2015). The forum selection clause will determine which forum the legal dispute will be settled in. Some examples of legal forums are international arbitration or the court systems of the two parties (University of Phoenix, 2015). Practical Considerations When a company decides to take legal action against a foreign business partner based in another country there are considerations that must be addressed. Some of the things that must be considered include, the legal system of the foreign country, the changing regulations of the foreign country and the sustainability of contracts within the foreign country. All countries have unique justice systems, and it is important to have...
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...Addressing International Legal and Ethical Issues Simulation Summary Rania Kisar Law/421 Feb 22, 2015 John Huschen Resolving legal disputes in international business transactions require understanding of the substantive law, the political system, and the cultural habits of the foreign nation. Contract agreements that include the Choice-of-Law Clause and Forum Selection Clause such as in the simulation of CadMex (University of Phoenix, 2015), will ensure adherence of both parties to dispute resolutions especially when legal requirements may not be compatible. Negotiations, arbitration and mediation dispute resolutions ensures proper image of both firms. Litigations with foreign companies are not only costly and time consuming but will have a much weaker chance of winning, especially if the litigations are conducted through the foreign court systems as agreed upon in the example of the simulation (University of Phoenix, 2015). Two factors that could have worked against CadMex in granting sublicensing agreements to other firms to producing urgently needed medicine for a nation facing an epidemic (University of Phoenix, 2015). The first would have been financial related, and the remedy to that was to negotiate financial compensation. The second would have been to risk the entire contract being revoked by Gentoura, which could have been the case if they were forced to enter into sharing marketing rights of another drug. The local customs of the employees performing the tasks...
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...Simulation Summary LAW/421 July 2, 2012 Kathryn Harris Abstract This paper discusses many of the issues discussed in the simulation on addressing international legal and ethical issues. This paper discusses many of the issues involved in resolving legal disputes in international transactions. Some of the issues discussed include selecting local counsel, fully understanding the foreign laws, due diligence, and choosing the right law and dispute resolutions. This paper also highlights some of the factors that could possibly work against CadMex when it comes to its decision on sublicensing agreements. Some of the factors discussed in this paper include time and cost increases in addition to price differences between generic brands in Canada and CadMex’s brand. The paper will also discuss some of the ways local customs and laws can conflict and how to deal with the situation. Finally, this paper will also cover how companies should resolve domestic and international disputes differently than the companies discussed in the week one readings. Addressing International Legal and Ethical Issues Simulation Summary Understanding how to address international legal and ethical issues is essential in creating a strong business relationship with other businesses abroad. There are many issues involved in resolving international legal disputes including selecting local counsel, full understanding of the local laws, due diligence, and the choices surrounding law and dispute resolutions...
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...Article Review Jennifer Abruscati LAW/421 June 2, 2014 Stacey Mealey Article Review The “High Court Ruling Only Tweaks Sarbanes-Oxley Act” article refers to the Supreme Court ruling in the case Free Enterprise Fund v. PCAOB. The United States Supreme Court upheld the constitutionality of all of the Sarbanes-Oxley Act and it will remain “fully operative as law”, except for one provision that allows the Securities Exchange Committee (SEC) to remove PCAOB members on good cause only. The Supreme Court decided that this provision did not agree with the United States Constitution’s premise of separation of powers, giving authority to the president, not the SEC, to appoint or fire PCAOB members. The Sarbanes-Oxley Act was passed through the U.S. Congress in 2002 after various corporate accounting scandals, such as Enron. Financial statements were falsified to make the corporation look more appealing to investors and for those who invested and believed Enron’s financial position to be true, lost everything. How would investors know if they are making a good investment? Investors were scared to invest in corporations because financial statements were not regulated. The SOX Act was created to protect investors from corporations that use fraudulent accounting activities by enforcing policies and regulations for reporting financial statements and holding companies accountable that used fraudulent methods. Today, the SOX Act is an integral part of all corporations financial...
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...Week 5 Individual Assignment By Felicia Lattimore The SOX Act: Unethical Practices and Behavior in Business Accounting LAW/421 – CONTEMPOARY BUSINESS LAW September 6, 2014 Aretha Somerville Introduction Unethical decisions can ruin a business. Dishonest behaviors by accountants, such as falsifying financial statements, over-billing or misleading regulators, can tarnish a company's reputation, causing loss of customers, employees and/or revenue. In some cases, unethical behavior is also illegal and can result in fines and even jail time for not only accounting executives but management executives as well. The Sarbanes-Oxley Act (SOX) was enacted in 2002 in the wake of a series of high-profile corporate and accounting scandals. SOX introduced major changes to corporate governance and the regulation of financial reporting that affected both publicly traded companies and their auditors. Ten years after the passage of SOX, there has been a dramatic increase in financial statement restatements. This is due to statement issuers complying with SOX during their initial preparation. This trend has been attributed to improved corporate governance as a result of SOX. Although we have not seen restatements as large as those of Enron and WorldCom in recent years, it is not clear that SOX has caused a reduction in the number of restatements across all publicly traded companies. The number of restatements during 2007 through 2009 declined, but they remained...
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...Business Law Group Assignment Question 1. a) i) Issue: 1.Does the proprietor, Quills Department Store, owe a duty of care to its customers to take reasonable care to protect such customers from foreseeable harm? 2. Dose the cleaner own owe a duty of care？ 3. Dose the floor polish manufacture owe a duty of care? Rules: 1. Neighbour test—the neighbour should be the person who are so closely and directly affected the others that the person ought reasonably to have them in contemplation as being so affected when the person is directing his mind to the acts or omissions which are called in question. Donoghue v Stevenson [1932] AC 562 2. Negligence action—Duty of care owed by the property owner to ‘take reasonable care to avoid a foreseeable risk of injury. Australia Safeway Stores Pty Ltd Zaluzna (1987) 162 CLR 478 Application: In this case, Quills Department Store operating a store. Dylan is a lawful customer. The relationship between Quills Department Store satisfied the neighbour test for duty set out in Donoghue v Stevenson [1932] AC 562. The cleaner cleaned the floor, has the duty of care to the customer, but this person did not satisfy the neighbour test. This is the same reason for the polish manufacturer. At the same time, according to the Australian Safeway Pty Ltd v Zaluzna (1987) 162 CLR 479 case, ‘the normal rules of negligence applied to the case of property owners and persons injured on the property, Quills Department Store owed a duty to Dylan...
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...Commonwealth of Puerto Rico LAW 421- Contemporary Business Law July 8, 2014 On week three of our course, we were ask to write a word paper on Contracts in the Commonwealth of Puerto Rico in which we will describe the contracts according with the following cases; * Muñiz v. COPAN, 113 D.P.R. 157 (1982) * Trinidad v. Chade, 153 D.P.R. 280 (2001) * Las Marías v. Municipio, 159 D.P.R. 868 (2003) First, we must define contract in order to understand what role they have in our business law. A business contract is one of the most common legal transactions one can be involved in when running or working on a business. No matter what type of business one may run, having and understanding contract law is the key to creating sound business agreement that will be legally enforceable in the event that a dispute may arises. A contract is a legally enforceable agreement between two or more parties that creates an obligation to do or not do a particular thing. The term “party” can mean an individual person, company, or corporation. Contracts are usually governed and enforced by the laws in the state where the agreement was made (Melvin, 2011). Depending upon the subject matter of the agreement (i.e. sale of goods, property lease), a contract may be governed by one or two types of state law. * The Common Law; the majority of the contract (employments agreements, leases, general business agreements) are controlled by the state’s common law made, form court decisions over...
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...Week Four Outline Steve Borjas, Erik Creede, Christopher Daniel, Andre Hughley LAW 421 January 25, 2016 Instructor Joel Stiner Week 4 Outline 8-7). How can sales agreements be breached and how can they be remedied? I. A breach is nonperformance in a contract. a. A buyer breaches a sales contract when she does any of the following: i. Rejects the goods despite the fact the goods conformed to the contract specifications ii. Wrongfully revokes an acceptance iii. Fails to pay the seller in accordance with the contract iv. Fails to meet her obligations under the contract II. A remedy provides relief for parties that have acted in good faith and sustained damages through no fault of their own. The UCC allows the seller more than one remedy: a. If good are in hands of seller, the seller may: i. Cancel the contract outright or discontinue his own performance ii. Resell the goods at a fair market value to another party or dispose of the goods for recycling in accordance with reasonable commercial standards of the industry iii. Recover any incidental damages related to the exercise of the reselling remedy such as hard costs of resale and any difference in value between the original contract...
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