Questions from Business Law

Q: Corporations have been granted freedom of speech, freedom from unreasonable searches

Corporations have been granted freedom of speech, freedom from unreasonable searches and seizure, and due process of law. Does it make sense that a legal (as opposed to natural) person has these right...

Q: Is it ethical for a broker or a financial adviser to earn

Is it ethical for a broker or a financial adviser to earn commissions from investments of corporations of which the broker or financial adviser is also a director?

Q: Why does the law require a debtor to receive individual or group

Why does the law require a debtor to receive individual or group credit counseling prior to be allowed to file for bankruptcy?

Q: Why are certain debts considered to be priority debts under Chapter 13

Why are certain debts considered to be priority debts under Chapter 13 of the federal bankruptcy law?

Q: Should municipalities that are mismanaged be allowed to file for bankruptcy?

Should municipalities that are mismanaged be allowed to file for bankruptcy?

Q: A mere eight days after it was formally incorporated as a business

A mere eight days after it was formally incorporated as a business, Schaefer Salt Recovery Inc. (SSR) filed a petition under Chapter 11 of the bankruptcy code. SSR’s only assets were mortgages on thre...

Q: Is it ethical for an individual to purchase numerous items on credit

Is it ethical for an individual to purchase numerous items on credit when he or she knows that bankruptcy is available as an option in the event of a default?

Q: The complexity of the financial and banking system is a bit staggering

The complexity of the financial and banking system is a bit staggering. What might be done to simplify the system for consumers?

Q: Issuers of traveler’s checks encourage buyers to retain unused checks as a

Issuers of traveler’s checks encourage buyers to retain unused checks as a form of “emergency fund.” Who benefits from this practice and why?

Q: Should the practice of writing postdated checks be illegal?

Should the practice of writing postdated checks be illegal?