Purchase price (8,000 shares x P30)
Direct acquisition cost
Direct acquisition cost
Less: Fair value of net
MULTIPLE CHOICE ANSWERS AND SOLUTIONS
Implied capital of the partnership (P90,000/20%)
Actual value of the partnership
Capital balances before Goodwill
Goodwill to old partners
Elimination of inter-company sales
Consolidated cost of goods sold
Cost of goods sold Papa
Cost of goods sold San
Realized profit in beginning inve
good education (PhD)
felt bad about cheating scandal
zayne tried to get other people help in mccabes classes
zayne had a particular interest in the FST
would do random experiments with portions of the FST colony (zayne)
zayne said he wanted t
Course Number Section
BUS 115-04 Business Law I
Business Law I
M, 6:00 8:40 pm
OC # 252
RED090, ENG090, ENG090A
Consideration and Promissory Estoppel.
1. Consideration something of a legal value given in exchange for a promise.
a. Requirements of Consideration.
i. Legal value the promisee suffers a legal detriment or the promisor
receives a legal benefit.
Genuineness of Assent and Undue Influence.
1. Mistake occurs where one or both parties to a contract have an erroneous belief about
the subject matter, value, or some other aspect of the contract.
a. Unilateral Mistake a mistake in a contract only by one
Capacity and Legality
1. Minors do not have maturity, experience, or sophistication needed to enter into
contracts with adults. Age of majority 18 y.o. for most states.
a. Infancy Doctrine gives minors the right to disaffirm most contracts they have
1. Agreement voluntary exchange of promises between two or more legally competent
parties to do, or refrain from doing an act. Mutual assent required.
2. Offer the manifestation of willingness to enter into a bargain, so made as to justify
Chapter 4 Outline.
Constitutional Law for Business and E-Commerce.
Constitution of the United States of America federal government and Articles of
Confederation; Federal Congress of 13 new states with limited powers; creates 3 branches of
Chapter 3 Outline
Judicial, Alternative, and E-Dispute Resolution.
1. Pretrial Litigation Process bringing, maintaining and defense of a lawsuit.
a. Pleadings paperwork that is filed to initiate a lawsuit.
i. Complaint and Summons complaint in a proper co
Nature of Traditional and E-Contracts.
1. Definition of a Contract A contract is a promise or a set of promises for the breach of
which the law gives the remedy or the performance of which the law in some way
recognizes a duty. (Cheeseman 149).
Chapter 2 Outline.
Courts and jurisdiction.
1) State Court Systems.
a) Limited-Jurisdiction Trial Courts inferior trial courts; specialized small courts.
b) General-Jurisdiction Trial Courts courts of record; recorded testimony and evidence.
Cha 9 152
Deficition marketing research
Primary date survey research
Behavior scan other scan
INTERNATIONAL ARTICLE SUMMARY: No. 1
INT 110 INTERNATIONAL BUSINESS ~ SECTION _03_ DATE DUE: 2/10/2016
DATE SUBMITTED: 2/10/2016
NAME: NIDIA BATISTA MURTA DA FONSECA
Chapter 19: Liability, Defenses, and Discharge
Signature Liability (contract liability): Liability in which a person cannot be held contractually liable on a
negotiable instrument unless his or her signature appears on the instrument. Also called cont
Final Test: Chapter 8-12
Universalism - 496: If an action is not right for all situations, then it is not right for any specific
situation (Immanual Kants categorical imperative). Ask yourself, If we adopted this rule in
Consideration (179): Something of legal value given in exchange for a promise.
REQUIREMENTS FOR CONSIDERATION:
Legal value: Support for a contract when either 1. The promise suffers a legal detriment or 2.
The promisor receives a legal benefit.
BUSINESS LAW 115 TEST 2 STUDY GUIDE
There are three different types of TORTS (wrong):
(negligence), and strict liability.
Intentional torts, unintentional torts
Strict Liability: defendants may be held liable without fault.
Tort Damages: mone
BUS 115 TEST #3 STUDY GUIDE Chapters 8, 9, 10, 11
Legally enforceable contract (149): A contract in which one party fails to perform as promised,
the other party can use the court system to enforce the contract and recover damages or other
SEXUAL ORIENTATION INCIDENTS:
INCIDENT #1 OVERVIEW
James Smith, an openly gay man was employed as a
postal worker for 12 years.
James repeatedly received satisfactory to excellent
-Create a system to
determine rumors or
misinformation that is
Jeff Rice, VP of Corporate Human Resources
John Henderson, CEO
Gary Polaski, Secretary & General Council
Steven Hong, VP of Operations
Matt Beale, VP of Public Af
O Founded in 1898 by Aubrey and William
O Multi-line department store for clothing
and household furnishings
O One of the largest privately owned retail
O Highly decentra
Friendly HR Policies
at City University
Recruitment and Staffing
Initiatives and Policies
-Use a recruiting and
-No added IT costs
Employee Diversity Enhances
Debate Topic #1
I personally feel that employee diversity
does enhance organizational performance.
Without diversity I feel there would be a
lack of crea
Cultural diversity plays a big part in organizations
Emphasis of the case is to increase diversity by
better utilizing subgroups such as minorities, women,
BEAUTYISM IN THE
Case # 22
WHAT IS BEAUTYISM?
Giving undue influence to one factor
(ex: physical attractiveness) which
should have little or no influence on
selection or promotion decisions.
Analyzing Promotional Data
Case # 12
This case focuses on a black employee, Walter
Jackson, who accuses the company of
promoting in favor of white employees rather
than black employees.
Topics covered in the case include: