Essays on Business Law Page 2

About everyone has heard of Napster and its long debated issue s of file swapping and sharing. Sing Napster s ephemeral being of about a twelvemonth and a half, they have surely opened many people s eyes. Some say the file trading that Napster allows everyone to make is illegal; others says it s merely…

You are about to make a very big decision and it will be one of the most exciting adventures that you will participate in. In response to your request, there are three business structure options to choose from when starting a business. These structures consist of sole proprietorship, partnership, and corporation. To assist you in…

A void contract is an agreement that is not recognized by the law. A contract will be deemed void under the following circumstances as per the Contract Act, 2056 (2000), Clause No. 13: A contract that restricts anyone from engaging in any occupation, trade, public facilities, etc. that is not prohibited by the law. However,…

When Sonic first opened it was a sole proprietorship which is a business that is owned, and usually managed, by one person1, then it became a partnership which is a legal form of business with two or more owners2, then a corporation which is a legal entity with authority to act and have liability apart…

Dr. Steven A. Pottschmidt was employed by Dr. Thomas J. Klosterman.  Dr. Thomas J. Klosterman was doing business as a corporation named Thomas J. Klosterman, M. D.  Once Pottschmidt’s original employment agreement ended, he decided to bring a breach of contract suit against Klosterman.  Pottschmidt was alleging that Klosterman had not paid him the actual…

1.What is a pure risk? (0.5 points) 1)A pure risk is a risk of something negative happening, with no possibility for profit or gain. Either things will remain the same, or something bad will happen. 2.Why do people take speculative risks? (0.5 points) 2)People take speculative risks because it’s usually risks that involved with every…

case brief—Gregory, a comedy writer, entered into a contract with Wessel, a comedian. The contract provided that Gregory would provide Wessel with a 15 minute monologue for his upcoming appearance on the comedy hour and Wessel will pay $250 to Gregory. All performers could make $500 per appearance on the comedy hour. and when Wessel…

Once it has been confirmed that both parties knowing entered into a legally binding relationship, it will then be necessary to determine whether Harry is bound by the words of the exclusion clause stated on the back f the receipt and on Smooth Sailings website. For a contract between two parties to be binding, three…

Introduction Before we discuss the topic of “how is an offer terminated”, we should have a general view on what is an offer. An offer is a definite promise or proposal to be bound on specific terms, and cannot be vague. If the offer had terminated, a contract would never be completed. Offer can be…

Without any other further information it could be assumed that Clara has the mental capacity necessary to enter into a binding contract. If this is an issue it could be a defense supporting her argument that the contract is invalid. Even if Clara does propose mental impairment, if Matt could show she was having a…