Questions from Business Law

Q: Assume that a statute in your state requires that all civil lawsuits

Assume that a statute in your state requires that all civil lawsuits involving damages of less than $50,000 be arbitrated. Such a case can be tried in court only if a party is dissatisfied with the ar...

Q: Café Rojo, Ltd., an Ecuadoran firm, agrees to sell

Café Rojo, Ltd., an Ecuadoran firm, agrees to sell coffee beans to Dark Roast Coffee Company, a U.S. firm. Dark Roast accepts the beans but refuses to pay. Café Rojo sues Dark Roast in an Ecuadoran co...

Q: Sapata has an ordinary life insurance policy on her life and a

Sapata has an ordinary life insurance policy on her life and a fire insurance policy on her house. Both policies have been in force for a number of years. Sapata’s life insurance names her son, Rory,...

Q: While single, James made out a will naming his mother,

While single, James made out a will naming his mother, Carol, as sole beneficiary. Later, James married Lisa. (a) If James died while married to Lisa without changing his will, would the estate go to...

Q: Bateson Corp. is considering entering into contracts with two organizations.

Bateson Corp. is considering entering into contracts with two organizations. One is a joint stock company that distributes home products east of the Mississippi River. The other is a business trust fo...

Q: John, Lesa, and Tabir form a limited liability company.

John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabir each contribute 20 percent. Nothing is decided about how profits will be divided....

Q: Oya Paka and two business associates formed a corporation called Paka Corp

Oya Paka and two business associates formed a corporation called Paka Corp. for the purpose of selling computer services. Oya, who owned 50 percent of the corporate shares, served as the corporation’s...

Q: Oxy Corp. is negotiating with Wick Construction Co. for the

Oxy Corp. is negotiating with Wick Construction Co. for the renovation of Oxy’s corporate headquarters. Wick, the owner of Wick Construction Co., is also one of the five members of Oxy’s board of dire...

Q: AstroStar, Inc., has approximately five hundred shareholders. Its board

AstroStar, Inc., has approximately five hundred shareholders. Its board of directors consists of three members—Eckhart, Dolan, and Macero. At a regular board meeting, the board selects Galiard as pres...

Q: Consolidated Stores is undergoing a unionization campaign. Prior to the union

Consolidated Stores is undergoing a unionization campaign. Prior to the union election, management states that the union is unnecessary to protect workers. Management also provides bonuses and wage in...