1. Tricia and Troy are starting a pharmacy. After meeting with their attorney and accountant, they decide they want to begin using the simplest form of business organization they can. Howeverm their primary concern is personal liability. They don’t want to jeopardize their personal assets for business obligations. They’ll also need to obtain financing to get the business started. A few investors have epressed some interest, but they’ll invest their money only if they recevie some stake in the business or some possibility of return for their investments. The investors want to have no part in running the business and want to be sure the they have no liability for busniess debts. What form f business organization would you recommend? explain why other forms of business organizations wouldn’t meet their needs?
2.Discuss the mirror-image rule, specifically stating what the rule means. Then give a set of circumstances in which the mirror-image rule would apply.
3. Jill and Abraham have a dispute and wish to settle it with out litigation. They’re condsering mediation or binding arbitration. Discuss and campare the ewatures of these two forms of alternate dispute resolution.
Part B:answer the following questions in 2-4 sentences
1. Tinytown asswd a law making it a crime to criticize the mayor. Tom objects that the law violates hi right to freedom of speech under the U.S. constitution. Tom sues Tinytown. Will the court rule that Tom can’t criticize the mayor? why or why not?
2. Vicky is acting as Kevin’s agent in negotiating an important business deal with carl. Carl know that vicky is acting on Kevin’s behalf and as his agent. Vicky agreed only to the erms kevin gave her the authority to agree to, and carl agreed to the terms. Later, carl became upset that the contract wasn’t being properly upheld. Whom may carl hold responsible for the breech in the contract? Why?
3. Larry makes lewd comments about Nichole, his employee, that reasonably nnoy and disturb Nichole. Nichole complains to Larry and threatens to sue for sexual harasment. larry tells her she does not hve a case beause larry has not asked her for sexual favors or touched her inappropriately. Does nichole have a cas? why or why not?
4. attorney jones uses her position of rust to cconvince her client sally to enter into a contract with jones that is to sally’s disadvantage. sally later realize what has happened and seeks to get out of the contract. what defense should she make against enforcing the conract?
5. Terrence, an adult, enters into a conract with Bobby,a 16 year old. before either party changes position, Bobby’s parents find out and tell terence the deal is off. Can Terrence enforce the contract?
6. Shannon is 27 years old and has lived in a mental institution since she was 18. Fred visits her one afternoon and tells her that, because she has had such a difficult life, he will give her 10,000 dollars. shannon says she accepts fred’s offer. Fredd does not follow though. Does a contract exist? why or why not?
7. Jake thinks he hs a sexual harassment claim based on federal law against his employer. Jake resides in Texas and his employer also resides in Texas. Jake’s damages are 60,000. can Jake sue in federal court? why or why not?
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