Bee's Beauty Supplies gave an exclusive sales contract to Ellie to sale its products in the Western region of the State of Missouri. While selling the product and workingwith Bee's Beauty Supplies Ellie became privy to proprietary information and secrete ingredients. After selling the products for a year, Ellie thought she could make a betterproduct herself. Ellie used her knowledge of Bee's Beauty Supplies products and created what she believed to be a superior product. She began offering her products tothe clients she was selling Bee's Beauty Supplies to, while she also continued to sale Bee's Beauty Supplies.Is there an agency relationship between Bee's Beauty Supplies and Ellie? If so, who is the agent and who is the principle?What duties does Ellie owe Bees Beauty Supplies? Did she breach any duty? If so, what duty? Explain.

An agency relationship can be defined as a relationship in which an individual known as the…

Answered: Bee's Beauty Supplies gave an exclusive…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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In Salman, the Supreme Court adopted the Ninth Circuit's interpretation, finding that an insider-tipper receives a personal benefit where the tipper makes a gift of inside information to a trading relative or friend, and rejecting the additional requirements imposed by the Second Circuit in United States v. Newman. Critically, discuss Salman v. United States 1 580 U.S., 137 S. Ct. 420 (2016) as it relates to insider dealing in the USA. You are required to discuss the law before Salman, namely a review of the "Classical", The "Misappropriation" Theory and the "Deceptive Device" or "Affirmative Misrepresentation" Theory. Did Salman establish a new prescedent as it relate to insider dealing? Students will be assessed using a short answer assignment in the form of a case study. The case study will be assigned by the CI and covers a variety of course objectives outlined in the course | modules. Students are expected to provide an in-depth analysis of the case provided. They will be required…
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the major federal legislation in Canada that defines illegal practices, including price fixing, bid rigging, price discrimination, predatory pricing, double ticketing, resale price maintenance, bait and switch selling, and pyramid selling occurs when false or deceptive comparisons or distorted claims are made concerning a competitor's product, services, or property comprise principle and standards that guide behaviour in the world of business may be incurred when an unfair and untrue statement is made about a competitor in writing the statement becomes actionable when it is communicated to a third party and can be interpreted as damaging the company the foundation for partnering-style relationship, product, customer, and presentation strategies an attempt to influence the person receiving the "gift"prohibits joining a competing firm for a year after they leave mutual exchange of benefits, as when a firm buys products from its customer the buyer wants to do business with an institution…
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