Business Law Questions and Answers
Business Law
Do owners of real, intellectual, and personal property each have the same rights under the law?
Owners of different types of property (physical, intellectual, etc) all have different provisions under the law. Due to the different nature of these types of property, there are differences in...
Business Law
You are the manager of a restaurant in Ohio. Your boss, the regional manager, just called you in to her office and...
According to the question, we are supposed to determine reasons why what happened with a case in one state might not apply in a different state. The most important takeaway here is that each of the...
Business Law
Is it private information that gives an advantage for insider trading? Who benefits from insider trading?
It is private or confidential information that confers an advantage in insider training, and the person who sells or buys stocks on the basis of that private information makes money he or she...
Business Law
One of the key advantages to forming a corporation is that its owners are immune from personal liability for business...
One can argue both for and against the protections offered by the various categories of corporation for which one can register. All three--Limited Liability Corporations (LLCs), C-Corporations, and...
Business Law
Do you agree with Lucy v. Zehmer case ruling?
The court's analysis in the case of Lucy v. Zehmer is fairly compelling. Judge Buchanan's analysis to this point, quoting from the Restatements of Contracts, is convincing: The mental assent of...
Business Law
Discuss the meanings and differences between public business law and private business law.
Private law concerns legal interactions between individuals, whereas public law concerns interactions in which the state is involved. If one person sells a house, a company, or a can of soda to...
Business Law
What are the differences between a Section 302 certification and a Section 404 compliance?
A Section 302 certification and Section 404 compliance both fall under the Sarbanes-Oxley Act of 2002 (SOX). The purpose of SOX is to regulate publicly traded companies and accounting firms,...
Business Law
What are some of the key devices a litigant can use during the discovery phase of a trial?
Because the question was originally categorized as “business,” but seems to be inquiring about the civil justice system, it has been recategorized as “business law.” There are multiple phases of a...
Business Law
When business transactions take place across international borders, do product liability laws apply?
Product liability law is complicated, and when international interests are added to the mix it becomes a quagmire. Suppose, for instance, that you buy a product in the US that was also...
Business Law
What law was at issue in the case of Anheuser-Busch Inc v. Schmoke (the major of Baltimore), 63 F. 3d 1305, and what...
The law at issue in this court case is a Baltimore City municipal ordinance which prohibits certain types of advertisements for alcohol in certain areas of the city. This ordinance was passed at...
Business Law
What are the provisions of the Sarbanes-Oxley Act of 2002?
The Sarbanes-Oxley Act, often referred to as the SOX Act, was signed into law in 2002. It is named for its sponsors in the US Congress, Senator Paul Sarbanes of Maryland and Representative Michael...