The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 19, Problem 9BCP
(a)
Summary Introduction
Case summary: Person T brought a suit for fraudulent representation against person J and company HT. T had bought 3 properties on the suggestion of J but some work was still incomplete after one year of sale.
To find:The extent of J’s representation and the liability of H for the misrepresentations made by J.
(b)
Summary Introduction
Case summary:Person T brought a suit for fraudulent representation against person J and company HT. T had bought 3 properties on the suggestion of J but some work was still incomplete after 1 year of sale.
To find: Ethical basis for imposing vicarious liability on principle.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
19-2. Duty of Loyalty.
Peter hires Alice as an agent to sell a piece of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peter's property is actually at least $45,000 and could be higher because a shopping mall is going to be built nearby. Alice forms a real estate partnership with her cousin Carl. Then she prepares for Peter's signature a contract for the sale of the property to Carl for $32,000. Peter signs the contract. Just before closing and passage of tittle, Peter learns about the shopping mall and the increased fair market value of his property. Peter refuses to deed the property to Carl. Carl claims that Alice, as Peter's Agent, solicited a price above that agreed on when the agency was created and that the contract is therefore enforceable. Discuss fully whether Peter is bound to this contract. (See Duties, Right, and Remedies of Agents and Principals.)
Will is an appraiser. He accepts compensation
based on the value of the property he is
appraising. In doing so, Will:
violated FHA ethics standards
violated USPAP ethics standards
followed FHA ethics standards
followed USPAP ethics standards
Mark Young is the head of the painting department in a large hospital; 20 union employees report to him. Before coming on board at the hospital, he had worked as an independent contractor. At the hospital, he took a position that was newly created because the hospital believed change was needed in how painting services were provided.
Upon beginning his job, Mark did a 4-month analysis of the direct and indirect costs of painting services. His findings supported the perceptions of his administrators that painting services were inefficient and costly. As a result, Mark completely reorganized the department, designed a new scheduling procedure, and redefined the expected standards of performance.
Mark says that when he started out in his new job he was “all task,” like a drill sergeant who didn’t seek any input from his subordinates. From Mark’s point of view, the hospital environment did not leave much room for errors, so he needed to be strict about getting painters to do a good job…
Chapter 19 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- You own a small business in Baldwin County, Georgia. One of your employees got busted out at Lake Sinclair (county jurisdiction, NOT city) for a first drug violation, which is considered a misdemeanor. Though you do not condone being high the job, you want to be there to support him. (1) What court would he appear in for his arraignment in Baldwin County (identify the court and the name of the judge)?arrow_forward15. Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accident. The accident kept him out of work for a year. The company has offered him a settlement of $700,000, of which Jay would receive $600,000 after attorneys' fees. His attorney has advised him that he has a 50% chance of winning his case. If he loses, he will incur attorneys' fees and court costs of $75,000. If he wins, he is not guaranteed his full requested settlement. His attorney believes that there is a 50% chance he could receive the full settlement, in which case Jay would realize $2 million after his attorney takes her cut, and a 50% chance that the jury will award him a lesser amount of $1 million, of which Jay would get $500,000. Using decision tree analysis, decide whether Jay should proceed with his lawsuit against the manufacturer.arrow_forwardHarry, Bill and Martha are the executive directors of Xilang Pty Ltd. Harry runs day to day business of the company and Bill is in charge of the company marketing activities. Martha relies on her husband, Harry, to give her information. She rarely attends directors' meeting and does not bother to read weekly reports about the company financial position. What directors' duty has Martha breached in this situation? Select one: a. Duty of care and diligence. b. Duty to avoid improper use of information. c. Duty to prevent insolvent trading. d. Duty to disclose material personal benefit.arrow_forward
- Damerco Pharmaceuticals, Inc. is the leading manufacturer and distributor of I.V. fluids and other pharmaceutical products. The company has chosen as one of its five core values "Integrity." To support this value, its Code of Ethics provides that bribing any government officer is punishable by dismissal. Any employee who knows any employee violating this provision and fails to report to management can also be subject to termination from the service. Fred Cabahug, a sales rep, one day has an appointment at 8:00 AM with a medical director of a hospital who planned to buy Damerco's products. Driving the company car, Fred was caught in a traffic snarl. Looking at his watch, it was 15 minutes before 8:00. He got out of the line and went against the oncoming traffic. A policeman stopped him. So as not to waste time, he gave the policeman P500 and was allowed to go. The following day, he reported the incident to his supervisor who had a worried look. Fred tried to justify: "Boss, the…arrow_forwardDamerco Pharmaceuticals, Inc. is the leading manufacturer and distributor of I.V fluids and other pharmaceutical products. The company has chosen as one of its five core values “Integrity”. To support this value, its Code of Ethics provides that bribing any government officer is punishable by dismissal. Any employee who knows any employee violating this provision and fails to report to management can also be subject to termination from the service. Fred Cabahug, a sales rep, one day has an appointment at 8:00 AM with a medical director of a hospital who planned to buy Damerco’s products. Driving the company car, Fred was caught in a traffic snarl. Looking at his watch, it was 15 minutes before 8:00. He got out of the line and went against the oncoming traffic. A policeman stopped him. So as not to waste time, he gave the policeman P500 an allowance to go. The following day, he reported the incident to his supervisor who had a worried look. Fred tried to…arrow_forwardThe accidental baker Mamello Morongwe, a certified food technologist was working on a biscuit recipe for her employer, a leading biscuit manufacturer, when she discovered a muffin recipe. The employer expressed no interest in pursuing this segment of the market and gave Mamello the clearance to use the recipe in her private capacity for personal benefit, as part of their employee development program. After utilising this recipe to bake muffins for special events only, which she distributed over weekends, Mamello finally resigned from her job and is now pursuing her business on a full-time basis – her former employer is now a customer and has placed a full-year weekly order for 20 dozens of muffins every Friday. Armed with a business plan and registration documents for her business, Muffin Boffin, Mamello feels ready to take the country by storm. Q.1 . Explain below categories of inventory that are likely to be found at Muffin Boffin. Use practical examples relevant to their…arrow_forward
- The accidental baker Mamello Morongwe, a certified food technologist was working on a biscuit recipe for her employer, a leading biscuit manufacturer, when she discovered a muffin recipe. The employer expressed no interest in pursuing this segment of the market and gave Mamello the clearance to use the recipe in her private capacity for personal benefit, as part of their employee development program. After utilising this recipe to bake muffins for special events only, which she distributed over weekends, Mamello finally resigned from her job and is now pursuing her business on a full-time basis – her former employer is now a customer and has placed a full-year weekly order for 20 dozens of muffins every Friday. Armed with a business plan and registration documents for her business, Muffin Boffin, Mamello feels ready to take the country by storm. ''Despite materials handling being a fairly high-cost element, which does not contribute to the value of the product, this activity cannot…arrow_forwardThe accidental baker Mamello Morongwe, a certified food technologist was working on a biscuit recipe for her employer, a leading biscuit manufacturer, when she discovered a muffin recipe. The employer expressed no interest in pursuing this segment of the market and gave Mamello the clearance to use the recipe in her private capacity for personal benefit, as part of their employee development program. After utilising this recipe to bake muffins for special events only, which she distributed over weekends, Mamello finally resigned from her job and is now pursuing her business on a full-time basis – her former employer is now a customer and has placed a full-year weekly order for 20 dozens of muffins every Friday. Armed with a business plan and registration documents for her business, Muffin Boffin, Mamello feels ready to take the country by storm. “Effective negotiators recognise that very few negotiations are conducted in a purely win-win or win-lose context. Moving towards win-win…arrow_forwardKaren is a computer programmer at a large tech firm, ABC Inc., in Silicon Valley. Karen learns that her salary is far below that of her male counterparts. Karen decides to open her own firm, but before she leaves, she calls the clients on the projects that she is working on and convinces a small number to come to her new venture. Is Karen liable to ABC Inc. for damages suffered as a result of the loss of the clients? Yes, Karen has violated her duty of loyalty to ABC Inc. No, Karen was justified in her action because she was being discriminated against. No, a client can choose to do business with whatever company it wants. No, it was just a small number of clients.arrow_forward
- 18.6 Independent Contractor Yvonne Sanchez borrowed money from MBank to purchase an automobile. She gave MBank a security interest in the vehicle as collateral to secure the loan. When Sanchez defaulted on the loan, MBank hired El Paso Recovery Service, an independent contractor, to repossess the automobile. The two men from El Paso who were dispatched to Sanchez’s house found the car parked in the driveway and hooked it to a tow truck. Sanchez approached them and demanded that they cease their efforts and leave the premises, but the men nonetheless continued with the repossession. Before the men could tow the automobile into the street, Sanchez jumped into the car, locked the doors, and refused to leave. The men towed the car at a high rate of speed to the repossession yard. They parked the car in the fenced repossession yard, with Sanchez inside, and padlocked the gate. Sanchez was left in the repossession lot with a Doberman Pinscher guard dog loose in the yard. Later, she was…arrow_forwardAssume that adulterating Magentum is a strict liability crime and a tort. Which of the following will most likely occur? The government will bring charges against the businesses for the strict liability crime and individuals injured by drinking the adulterated Magentum will bring tort suits. The government will file assault and battery charges against the businesses. The government will bring criminal assault charges against the businesses, push for punitive damages, and sue the business owners for torts. Individuals will press charges against the businesses for attempted manslaughter.arrow_forwardIs the job exempt or non-exempt under the (FLSA)? Why or why not?Case 1.Harry Phipps, Senior Professional Sales RepresentativeHarry Phipps was employed by K & K Pharmaceutical Company as a senior professional salesrepresentative. Phipps’ position required him to travel across doctors’ offices and hospitals where hepromoted the benefit of K & K’s drug, Provita, to the prescribing doctors. K & K used this method in thehope that when doctors realized the benefit of Provita, they would prescribe the drug for their patients.By law, Phipps could not sell the drug directly to doctors. The company provided Phipps with a list oftarget doctors, and he was expected to complete ten visits per day, and each doctor had to be visited atleast once a quarter. K & K left the itinerary and method of achieving the targets up to Phipps. However,they did provide Phipps with a budget for the visits. He was also given pre-approved visual aids and hadreceived training in basic “marketing”…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education