EBK THE LEGAL ENVIRONMENT OF BUSINESS:
10th Edition
ISBN: 9781337516051
Author: Miller
Publisher: YUZU
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Chapter 1, Problem 4BCP
Summary Introduction
Case Summary:A case is filed against the company A, LLC in California court for the leakage of personal information of 650,000 members to public. The company A claims that they have a “forum-selection clause” in their member agreement, putting the jurisdiction of all the disputes in Virginia, and a US Supreme Court precedent that “forum-selection clause” will be unenforceable if it is against the public policy. Also, the policies of the company A have been declared against public policy by Californian courts in other cases of the company A.
To Explain:Application of stare decisis in California Court to determine the case.
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Financial accounting question
From the balance sheets 12/31/2024
Accounts receivable
Prepaid insurance
Machines
Acc. depreciation
12/31/2023
From the income statement 12/31/2024
$90,000
8,000
$80,000
12,000
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-600,000
65,000
95,000
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Additional information:
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Machines costing $30,000 were sold for $22,000 at a gain.
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EBK THE LEGAL ENVIRONMENT OF BUSINESS:
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