View the step-by-step solution to:

Question

Q1)Darryl entered into a contract with Jason to design a backyard for him. Darryl approved Jason's design and

told Jason to go ahead with the plan. Half way through the project, Darryl changed his mind and ask Jason to come up with a different plan.  Jason demanded payment for the unfinished project and Darryl refused. Please explain what recovery options are available to Jason. With that mind, please distinguish between negotiation, mediation and arbitration. Discuss the advantages and disadvantages of each of them?


Q2)Andrew is running a successful consulting business. He initially set up his business as a sole proprietor. In the last 2 years, Andrew's business has been doing very well and generated over $250,000 in revenue.  Last month Andrew signed up two major corporate clients that will likely bring money to his business. Andrew is wondering if he should continue to run his business as a sole proprietor or he should incorporate.  With that in mind, please explain what is meant by corporation having a separate legal identity? Explain some of the advantages and disadvantages associated with the corporate method of carrying on businesses.   In addition, please explain if Andrew should run his business as is or should he incorporate. Give reasons for your answer.

 

 

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question