Questions from Business Law

Q: Only the largest publicly held companies should be subject to the Sarbanes

Only the largest publicly held companies should be subject to the Sarbanes-Oxley Act.

Q: Common carriers should not be able to limit their liability.

Common carriers should not be able to limit their liability.

Q: Under no circumstances should a local government be able to condemn property

Under no circumstances should a local government be able to condemn property in order to sell it later to real estate developers for private use.

Q: Whenever an insurance company can prove fraud during the application process,

Whenever an insurance company can prove fraud during the application process, it should never have to pay on the policy.

Q: The U.S. labor market is highly competitive, so

The U.S. labor market is highly competitive, so state and federal laws that require overtime pay are unnecessary and should be abolished.

Q: Members of minority groups and women have made enough economic progress in

Members of minority groups and women have made enough economic progress in the last several decades that they no longer need special legislation to protect them.

Q: All franchisors should be required by law to provide complete estimates of

All franchisors should be required by law to provide complete estimates of the profitability of a prospective franchise based on the experiences of their existing franchisees.

Q: A partnership should automatically end when one partner disassociates from the firm

A partnership should automatically end when one partner disassociates from the firm.

Q: Because LLCs are essentially just partnerships with limited liability for members,

Because LLCs are essentially just partnerships with limited liability for members, all partnership laws should apply.

Q: Sheila makes a will leaving her property in equal thirds to Toby

Sheila makes a will leaving her property in equal thirds to Toby and Umeko, her children, and Velda, her niece. Two years later, Sheila is adjudged mentally incompetent, and that same year, she dies....