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Category: Business Law

Learning Goal: I’m working on a business law discussion question and need an exp

Learning Goal: I’m working on a business law discussion question and need an explanation and answer to help me learn.Debate This: S Corporations
Chapter 33, p.802
William Sharp was the sole shareholder and manager of Chickasaw Club, Inc., an S corporation that operated a popular nightclub of the same name in Columbus, Georgia. Sharp maintained a corporate checking account but paid the club’s employees, suppliers, and entertainers in cash out of the club’s proceeds. Sharp owned the property on which the club was located. He rented it to the club but made mortgage payments out of the club’s proceeds and often paid other personal expenses with Chickasaw corporate funds.At 12:45 a.m. on July 31, eighteen-year-old Aubrey Lynn Pursley, who was already intoxicated, entered the Chickasaw Club. Chickasaw employees did not check Pursley’s identification to verify her age, as required by a city ordinance. Pursley drank more alcohol at Chickasaw and was visibly intoxicated when she left the club at 3:00 a.m. with a beer in her hand. Shortly afterward, Pursley lost control of her car, struck a tree, and was killed. Joseph Dancause, Pursley’s stepfather, filed a tort lawsuit against Chickasaw Club and William Sharp. Using the information presented in the chapter, answer the following questions.Under what theory might the court in this case make an exception to the limited liability of share-holders and hold Sharp personally liable for the damages? What factors would be relevant to the court’s decision?
Suppose that Chickasaw’s articles of incorporation failed to describe the corporation’s purpose or management structure as required by state law. Would the court be likely to rule that Sharp is personally liable to Dancause on that basis? Why or why not?
Suppose that the club extended credit to its regular patrons in an effort to maintain a loyal clientele, although neither the articles of incorporation nor the corporate bylaws authorized this practice. Would the corporation likely have the power to engage in this activity? Explain.
How would the court classify Chickasaw Club, Inc.—domestic or foreign, public or private?
Debate This:The sole shareholder of an S corporation should not be able to avoid liability for the torts of her or his employees

I’m working on a business law question and need a sample draft to help me learn.

Learning Goal: I’m working on a business law question and need a sample draft to help me learn.Step #1: Select a current event article from a respectable news source (not a legal blog or anything from a law firm website) that is relatable to business law.The Wall Street Journal, The New York Time, The Washington Post, BBC, The Economist, Bloomberg, The Associated Press
Article MUST be based on reported “hard” news and CANNOT be an “opinion,” “editorial,” “op ed,” “analysis,” “letter to the editor” or similar story that illustrates the impressions of the author rather than a fact-based account of an event. You can tell whether a story is one of those listed in the previous sentence by looking carefully at the story’s heading information. Don’t use an article that includes “opinion,” “editorial,” “op ed,” “analysis,” “letter to the editor,” etc. in the heading.
Include the link to the article at the TOP of your submission
Step #2: Read the article, and in your own words type a short summary of the article.(1) have a “Summary” heading;
(2) be a minimum of three sentences long (summary may be longer than three sentences);
The Summary may include direct quotes from the article, but quotes will NOT count toward the “three sentence” minimum requirement
Step #3: Write an analysis of the article.
(1) have an “Analysis” heading;
(2) be a minimum of three sentences long (analysis may be longer than three sentences)
(4) include one or more of the following:
Your thoughts and opinions on how the legal issues discussed in the article will affect the business community;
An analysis of how the article relates back to what you are learning in class;
Your thoughts and opinions on whether the result of the legal issue discussed in the article was just or fair – you must substantiate your view by explaining WHY you feel this way;
A breakdown of what you learned from reading the article (i.e., was there a new law you learned about or was a law applied in a new way?).
Analysis should avoid:Restating exact point raised in the article without additional comment;
Rephrasing/restating the same point in each sentence;
The analysis may include direct quotes from the article, but quotes will NOT count toward the “three sentence” minimum requirement

Will the creditor win that lawsuit against Mohammad and Arjan?

Learning Goal: I’m working on a business law question and need support to help me learn.Discussion QuestionMohammad and Arjan wish to start a corporation. They meet with an attorney together and complete and sign the necessary paperwork to incorporate within their jurisdiction. The attorney places the documents in the mail. Due to an error with the delivery, the government never receives the notice. Mohammad and Arjan start using the new corporate entity name, Finance, Inc.The business struggles and a creditor sues Finance, Inc. to recover some unpaid obligation. During the lawsuit, the creditor learns that Finance, Inc. was never properly filed with the government. The creditor wishes to sue Mohammad and Arjan personally. Will the creditor win that lawsuit against Mohammad and Arjan? Why or why not?
Requirements: more than 150

Will the creditor win that lawsuit against Mohammad and Arjan?

Learning Goal: I’m working on a business law discussion question and need support to help me learn.Discussion QuestionMohammad and Arjan wish to start a corporation. They meet with an attorney together and complete and sign the necessary paperwork to incorporate within their jurisdiction. The attorney places the documents in the mail. Due to an error with the delivery, the government never receives the notice. Mohammad and Arjan start using the new corporate entity name, Finance, Inc.The business struggles and a creditor sues Finance, Inc. to recover some unpaid obligation. During the lawsuit, the creditor learns that Finance, Inc. was never properly filed with the government. The creditor wishes to sue Mohammad and Arjan personally. Will the creditor win that lawsuit against Mohammad and Arjan? Why or why not?
Requirements: more than 150

Identify the parties, specify the problem, and list the relevant ethical principles.

Learning Goal: I’m working on a business law question and need an explanation and answer to help me learn.Chapter 3 – Ethics in Business Making Ethical Business Decisions Business decisions involve legal concerns, financial questions, health and safety concerns, and ethical components. All corporate actors should think broadly about how their decisions and actions will affect other employees, shareholders, customers, and the community.A Systematic Approach: IDDR (“I Desire to Do Right”)
Using the IDDR approach involves organizing the issues and approaching them systematically. This four-step process can help eliminate various alternatives and identify the strengths and weaknesses of the remaining alternatives. Often, the best approach is for a group (rather than an individual) to carry out the process, which comprises the following steps.IDDR METHOD:
Step 1: Inquiry. Identify the parties, specify the problem, and list the relevant ethical principles.
Step 2: Discussion. Compile a list of action options and resolution goals discussing various strengths and weaknesses of each and any legal consequences. Decision makers need to consider what they shoulddo before considering what they can or will do.
Step 3: Decision. Come to a consensus decision on an action plan.
Step 4: Review. Evaluate the decision to determine whether the solution was effective. Did the action solve the ethical problem? Were the stakeholders satisfied with the result? Could anything have been handled better? The results of this evaluation can be used in making future decisions.
Applying the IDDR Approach— To more fully understand the IDDR approach, it is helpful to work through the process by analyzing an ethical problem. For your Discussion this week, You will post an ethical scenario and analyze..ASSIGNMENT:1) Post a questionable ethical scenario you are aware of. This may be something you have personal experience with or something you must research.2) Apply IDDR analysis, see EXAMPLES BELOW:. WHEN DOING IDDR 4-STEP Analysis, USE THESE Guidelines as applicable: The law: Is the action you are considering legal?
Business rules and procedures: Is the action you are considering consistent with company policies and procedures?
Social values: Is your proposed action consistent with the “spirit” of the law, even if it is not specifically prohibited?
Your conscience: How does your conscience regard your plan? Could your plan survive the glare of publicity?
Promises to others: Will your action satisfy your commitments to others, inside and outside the firm?
The law: Is the action you are considering legal?

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