Questions from Business Law

Q: B, a chemist, was employed by A, a manufacturer

B, a chemist, was employed by A, a manufacturer, to work on a secret process for A’s product under an exclusive three-year contract. A employed C, a salesperson, on a week-to-week basis. B and C resig...

Q: Jones, having filed locally an affidavit required under the assumed name

Jones, having filed locally an affidavit required under the assumed name statute, has been operating and advertising his exclusive toy store for twenty years in Centerville, Illinois. His advertising...

Q: Discuss the validity and effect of each of the following:

Discuss the validity and effect of each of the following: a. A, B, and C, manufacturers of stereos, orally agree that due to the disastrous, cutthroat competition in the market, they will establish a...

Q: Z sells cameras to A, B, C, and D

Z sells cameras to A, B, C, and D for $110 per camera. Y, one of Z’s competitors, sells a comparable camera to A for $101.50. Z, in response to this competitive pressure from Y, lowers its price to A...

Q: Magnum Company produces 77 percent of the coal utilized in the United

Magnum Company produces 77 percent of the coal utilized in the United States. Coal provides 25 percent of all of the energy used in the United States. In a suit brought by the United States against Ma...

Q: Discuss when a limited partner does or does not have the following

Discuss when a limited partner does or does not have the following rights or powers: (a) to assign his interest in the limited partnership, (b) to receive repayment of loans made to the partnership...

Q: Gooddecade manufactures and sells automobile parts throughout the eastern United States.

Gooddecade manufactures and sells automobile parts throughout the eastern United States. Among its fulltime employees are 220 fourteen-and fifteen-year-olds. These teenagers are employed throughout th...

Q: Venable Corporation has 750,000 shares of common stock outstanding,

Venable Corporation has 750,000 shares of common stock outstanding, which are owned by 2,640 shareholders. The assets of Venable Corporation are valued at more than $10 million. In March, Underhill be...

Q: Girard & Company, Certified Public Accountants, audited the financial statements

Girard & Company, Certified Public Accountants, audited the financial statements included in the annual report submitted by PMG Enterprises, Inc., to the Secu- rities and Exchange Commission (SEC). Th...

Q: John Swan rented a safe deposit box at the Tenth Citizens Bank

John Swan rented a safe deposit box at the Tenth Citizens Bank of Emanon, State ofX. On December 17, 2018, Swan went to the bank with stock certificates to place in the safe deposit box. After he was...