Consider the following scenario: Southwest Industries, Inc. is a corporation that provides technical services. Suppose Mike Youngblood and TDI Technical Services are Southwest’s former Vice President of Operations and Southwest's competitor, respectively. On June 26, 1999, Youngblood signed an employment contract with Southwest to work as a recruiter making $29.50 per hour. The contract contained a noncompetition agreement preventing Youngblood from working for a competitor of Southwest for
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(reprehensible). Usually, this means that punitive damages are available in intentional tort actions and only rarely in negligence lawsuits. 2. What is defamation? Defamation of character involves wrongfully hurting a person’s good reputation. The law imposes a general duty on all persons to refrain from making false, defamatory statements of fact about others. Breaching this duty in writing or in another permanent form involves the tort of libel. Breaching this duty orally involves the tort of slander
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few terms in our own words. Common Law – Common law means laws that are everywhere for everyone to go by. The textbook states the meaning as a body of general rules that applied throughout the entire English realm. The merriam-webster.com site has the meaning of the laws that developed from English court decisions and customs and that form the basis of laws in the U.S. Jurisdiction – Jurisdiction has three different meanings, the first is an area where laws are used, second meaning is the right
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LST2LBA: Law of Business Association Semester 3- 2012 Student’s Name: Wu Tingting Student’s ID: wuttd101 QUESTION 1 Legal Issue: 1. Whether Toan has eligible to bid at this auction 2. At this auction. Toan represent company or individual 3. whether Toan has breach of the government’s policy and laws containing that policy Relevant Rules of Law No matter how many shareholder exist in a company, there is a Under S119 separate legal entity
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Legal Underpinnings of Business Law Shawn Akey BUS670 Dr. Callaway September 22, 2014 Legal Underpinnings of Business Law During this week, the reading talked about the foundations of business law, including constitutional law as it applies to business, and a comparison of several common business organizational forms. Additionally, various ethical theories were introduced in order to provide perspective to various business outcomes. This paper will deliberate over a scenario raised during
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or if they were sued by someone. Also another downside for Norm is that partners are all agents for each other. This means that anytime one of the other partners makes a decision concerning the business, Norm has been bound to that contract. So even though he will not be anywhere near the new business, any decisions made by the people there will make Norm liable to any adverse consequences. Another reason Norm wouldn't want this as an option is that all owners share joint and several liability
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contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. Two or more persons may also form a partnership for the exercise of a profession. (1665a). y NOMINATE There is a name given by the law Contract of Partnership: CONSENSUAL (meaning it is perfected by both parties) y PERSONS Includes not only natural persons but also JURIDICAL persons. A corporation may NOT be a partner but it may engage in JOINT VENTURES. y BIND THEMSELVES Must
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Stewart Law Firm, P.A. 1234 Tampa Rd. Tampa, Florida 33607 813-123-4567 www.stewartlaw.com June 4, 2014 Natural Ice Cream Attn: Betty and Betsy 123 N. 2nd Ave. S. Tampa, Florida 33611 Re: Different forms of business entities Dear Betty and Betsy, The purpose of this correspondence is to address your inquiries regarding your new business endeavor pertaining to natural ice cream and potential investors. Our understanding of your business endeavor is as follows: 1) opening of an ice cream
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Abstract Labor law arose due to the demand for workers to have better conditions, the right to organize, or, alternatively, the right to work without joining a labor union, and the simultaneous demands of employers to restrict the powers of workers' many organizations and to keep labor costs low. It is this low labor cost that some say led to the use of abuse of Child Labor. This paper explores how labor laws or employment laws surrounding child labor have changed. Although Labor Law covers a wide
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University International Business Law 11/28/11 A valid contract is an agreement signed by both parties. Contract must meet the requirements of the state law. Contracts are used when doing business to sell, transfer property, services, and other rights. Sales contracts are for selling automobiles and goods as such, while employees are based on service contracts. The law of contracts prohibits the enforcement of
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