LAW 421 Contemporary Business Law

LAW 421 Week 1 Reflection

LAW 421 Week 1 DQ 3 What are some examples of alternative dispute resolutions (ADRs)? What are the advantages and disadvantages associated with ADR versus litigation? What are some examples of arbitration that can occur in your professional and personal life? Explain.

LAW 421 Week 1 DQ 2 What are the three branches of government and their functions? How are powers balanced in the U.S. government? How does each branch of government make laws? Provide examples.

LAW 421 Final Exam Guide Received 25/30 1) Which of the following does not result in a decision rendered by the hearing officer? A. Arbitration B. Mediation C. Med-arb D. Using expert evaluators 2) Jurisprudence is defined as A. adjudication of law suits B. the enactment of laws by a government body C. the science and philosophy of law D. the duties and obligations owed by a citizen 3) The s

LAW 421 Week 5 DQ 1 Section 22-5, “White-Collar Crime,” in Ch. 22 addresses several forms of white-collar crime including that of the Ponzi scheme. Also in that section is a “Business Ethics Perspective” vignette titled “Epic Fraud: Bernie Madoff’s Multibillion-Dollar Ponzi Scheme.” What does this example tell you about business ethics and the need for criminal penalties in order to regulate business?

LAW 421 Week 4 Individual Case Scenario Big Time Toymaker Read the “Theory to Practice” section at the end of Ch. 6 of the text. Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section, and complete the following in your response: · At the end of the scenario, BTT states that it is not interested in distributing Chou’s new strategy game, Strat. Assuming BTT and Chou have a

LAW 421 Week 4 DQ 3 What are the remedies for contract breach available under UCC Article 2? What are the types of warranties available under UCC Article 2? How do you differentiate between implied and express warranties under UCC Article 2? Provide examples.

LAW 421 Week 4 DQ 2 What are the UCC principles of good faith and reasonableness to sales contracts? What are the different ways that title transfers under UCC Article 2? Which party bears the risk? What distinguishes a sale on approval, sale on consignment, and sale or return under UCC Article 2?

LAW 421 Week 4 DQ 1 How does the UCC define a good? How does the UCC define a merchant? How are the UCC requirements different for a merchant versus a nonmerchant? Provide examples.

LAW 421 Week 3 DQ 1 What are the essential elements necessary to form a valid contract? Provide examples of each. Under what conditions can contractual duties be modified? When does promissory estoppel apply? Provide an example.