Contracts are an integral part of our learning in Business Law. It is why nine chapters of our text
are devoted to it. The chapters are crucial to you as a future career professional in that you are
aware and able to apply the concepts both in you
1. List the duties that accountants owe to their clients.
Due care, follow the GAAP and GAAS guidelines to avoid malpractice suits or negligence,
follow all laws and statutes. Do not engage in fraud, misconduct, or misrepresent intentionally.
Emily is a star student at Marshalltown Community College. One Thursday evening, she went over to Corys
house. Cory and a few other friends were smoking marijuana.
Were Cory and Emily guilty of any crime? Yes.
Kyle and Lori borrowed $800 from EZ finance c
Chapter 4 and 34 questions
1: How many proceedings actually go to trial/litigation. What happens to most of them?
-Only one-third of proceedings go to trial/litigation. Many proceedings get settled using
alternate dispute resolution
2: List the advantages
Chapter 25-26 questions
1: Describe the differences between the aggregate and the entity theories of partnership.
-The aggregate theory treats a partnership as an aggression of the partner's undivided interests
in the partnership's assets and liabilities.
Chapters 32-33 cases
1: Liz was hired to audit the books of the Hatch Company. After completing her work, Baird
issued an opinion that said that the Hatch Company bookkeeper had consistently ignored
generally accepted accounting principles and had failed
Chapter 32-33 questions
1: List the duties that accountants owe to their clients.
- Due care, follow the GAAP and GAAS guidelines to avoid malpractice suits or negligence,
follow all laws and statutes. Do not engage in fraud, misconduct, or misrepresent i
Chapter 27-28 questions
1: List the five theories of corporate governance.
-The five theories of corporate governance are special interest control, government control,
independent director control, managerial control, and shareholder democracy.
Emily is a star student at Marshalltown Community College. One Thursday evening, she went
over to Corys house. Cory and a few other friends were smoking marijuana.
Were Cory and Emily guilty of any crime?
-Yes, because smoking mari
Chapter 11 questions
1: Please list the agreements that must be in writing under the Statute of Frauds.
- (1) contracts that cannot be completed within one year; (2) contracts involving land; (3)
contracts in consideration of marriage; (4) contracts made
Ling contracts to sell DeSota 100 cases of green widgets with delivery to occur on July
1. On June 15 Ling delivers 100 cases of blue widgets and DeSota send Ling a notice
that the goods are nonconforming and that DeSota is accepting the blue widgets a
Mercedes receives a box of unordered office supplies in the mail. What is her legal
C. She may consider it a gift.
2. Under the UCC, a written offer made by a merchant that allows acceptance at any time
within a 90-day time period is not bi
After a history of savage physical abuse, Herman was barred by a court from maintaining any
contact with his ex-wife, Sharrie. However, despite the court order, Herman continued to phone
Sharrie and threaten her life. Fearing for her life, Sharrie took a
Bus 185 - Business Law
questions re-worded for copyright issue
Bus 185 business law
Re-worded questions for copyright
Chapter 9 questions and cases
1: What is an accord and satisfaction. Why do we have to be aware of this in the business
- Accord is the implied or expressed acceptance of less than the amount that has been billed.
Satisfaction is the agreed t
Chapter 7-8 cases
1: Joe loved baseball. One day during an unusually close game, Joe tried to steal home and was
successful with the winning run. It was at the expense of a broken wrist, however. Joe had his
wrist set at the local hospital and put in a ca
Chapter 14 internet exercise
D: Intention of legal consequences
A: Speed The transaction is almost instantaneous so that errors are very hard to detect prior
to the filling of the order or acceptance of the co
1. The Family Medical Leave Act is- A law intended to assist employees in maintaining a job and a family. It allows
employees to take up to 3 months leave in a 12-month period for the purpose of caring
for a serious medical need of their o
Probable Cause Cases
1: In 1986, the United States Customs Service implemented a drug testing program for certain
employees who carry firearms, are involved in intercepting drugs as they enter the country, or
are in high level positions involving classifi
1. What is affirmative action? Who is required to do it?
-Affirmative action refers to a practice by which an employer actively purses a policy that
will reduce the effects of past discrimination in the workplace. Affirmative actio
Sexual Harassment Questions
1. Explain the employers burden when it comes to sexual harassment policies in the
- The employer must take reasonable care to prevent harassment and then fix the problem
appropriately if allegations arise. Employers