Questions from Business Law


Q: Quincy was a successful investment banker specializing in underwriting and merger advice

Quincy was a successful investment banker specializing in underwriting and merger advice. A federal grand jury was investigating the sales of initial public offerings, and Quincy knew that the grand j...

See Answer

Q: (a) What federal law establishes the minimum wage and the

(a) What federal law establishes the minimum wage and the hours in a workweek? (b) What is the minimum wage and what is considered the maximum workweek? (c) What is required regarding overtime compens...

See Answer

Q: Your business is in need of additional working capital. You contact

Your business is in need of additional working capital. You contact your bank about a loan. A line of credit of $500,000 is tentatively approved pending you furnish audited financial statements. You m...

See Answer

Q: Joe, a purchasing agent of ABC Company, entered into a

Joe, a purchasing agent of ABC Company, entered into a contract to purchase software on behalf of ABC from a software company represented by Harry. The contract stated a price of $10,000 but the actua...

See Answer

Q: Don, a promoter of prize fights, formed a corporation.

Don, a promoter of prize fights, formed a corporation. Don was the sole shareholder, sole director, and president of the corporation. Don was charged with a violation of RICO. Is the requirement of bo...

See Answer

Q: (a) What is the purpose of patents and copyrights as

(a) What is the purpose of patents and copyrights as identified in the Constitution? (b) Explain the claim that the pace of research and development of new products would slow if intellectual property...

See Answer

Q: (a) The Sherman Act, as amended by the Clayton

(a) The Sherman Act, as amended by the Clayton Act, seeks to preserve competition by declaring two types of anticompetitive behavior to be illegal. Describe these two behaviors. (b) Through what agenc...

See Answer

Q: To show your understanding of the WARN notice, answer these questions

To show your understanding of the WARN notice, answer these questions: (a) Who are the covered employers? (b) What format is required for a WARN notice? 684 (c) When must the WARN notice be given? (d)...

See Answer

Q: Another article from The Wall Street Journal carries the headline “Tipsters

Another article from The Wall Street Journal carries the headline “Tipsters Telephoning Ethics Hot Lines Can End Up Sabotaging Their Own Jobs.” Discuss why whistle-blowing is unpopular within the corp...

See Answer

Q: In the sixth month of her pregnancy, Suzanne was advised by

In the sixth month of her pregnancy, Suzanne was advised by her doctors to slow down the hectic pace of her consulting career. Upon this advice, Suzanne requested and was granted by her employer 12 we...

See Answer