Book Title
Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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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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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 Sales $750,000 Cost of sales -600,000 65,000 95,000 Operating Expenses -75,000 -30,000 -20,000 Gain on sale of machine 4,000 Additional information: Operating expenses includes depreciation expense Machines costing $30,000 were sold for $22,000 at a gain.
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