Questions from Business Law

Q: Green Seed Company packaged, labeled, and marketed a quality tomato

Green Seed Company packaged, labeled, and marketed a quality tomato seed known as “Green’s Pink Shipper” for commercial sale. Brown Seed Store, a retailer, purchased the seed from Green Seed and then...

Q: Whirlpool Corporation manufactured vacuum cleaners under both its own name and under

Whirlpool Corporation manufactured vacuum cleaners under both its own name and under the Kenmore name. Oreck exclusively distributed the vacuum cleaners sold under the Whirlpool name. Sears, Roebuck &...

Q: Indian Coffee of Pittsburgh, Pennsylvania, marketed vacuum-packed coffee

Indian Coffee of Pittsburgh, Pennsylvania, marketed vacuum-packed coffee under the Breakfast Cheer brand name in the Pittsburgh and Cleveland, Ohio, areas. Folger Coffee, a leading coffee seller, bega...

Q: Justin Manufacturing Company sells high-fashion clothing under the prestigious “

Justin Manufacturing Company sells high-fashion clothing under the prestigious “Justin” label. The company has a firm policy that it will not deal with any company that sells below its suggested retai...

Q: Baldwin Corporation made a public offering of $25,000,

Baldwin Corporation made a public offering of $25,000,000 of convertible debentures and registered the offering with the SEC. The registration statement contained financial statements certified by Ada...

Q: Equisure, Inc., was required to file audited financial statements when

Equisure, Inc., was required to file audited financial statements when it applied to have its stock listed on the American Stock Exchange (AmEx). It retained an accounting firm, defendant Stirtz Berna...

Q: Ingram is a CPA employed by Jordan, Keller and Lane,

Ingram is a CPA employed by Jordan, Keller and Lane, CPAs, to audit Martin Enterprises, Inc., a fast-growing service firm that went public two years ago. The financial statements that Ingram audited w...

Q: Girard & Company, CPAs, audited the financial statements included in

Girard & Company, CPAs, audited the financial statements included in the annual report submitted by PMG Enterprises, Inc., to the SEC. The audit failed to detect numerous false and misleading statemen...

Q: Dryden, a certified public accountant, audited the books of Elixir

Dryden, a certified public accountant, audited the books of Elixir, Inc., and certified incorrect financial statements in a form that was filed with the SEC. Shortly thereafter, Elixir, Inc., went ban...

Q: Johnson Enterprises, Inc., contracted with the accounting firm of P

Johnson Enterprises, Inc., contracted with the accounting firm of P, A & E to perform an audit of Johnson. The accounting firm performed its duty in a nonnegligent, competent manner but failed to disc...