The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 25, Problem 4BCP
Superfund. A by-product of phosphate fertilizer production is pyrite waste, which contains arsenic and lead. From
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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- Angela Fox and Zooey Caulfield were food and nutrition majors at State University and close friends androommates. Upon graduation, Angela and Zooey decided to open a French restaurant in Draperton, the smalltown where the university was located. There were no other French restaurants in Draperton, and the possibilityof doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian homejust off Main Street for their new restaurant, which they named “The Possibility.”Angela and Zooey knew in advance that they could not offer a full, varied menu of dishes, at least initially. Theyhad no idea what their local customers’ tastes in French cuisine would be, so they decided to serve only two (2)full-course meals each night, one with beef and the other with fish. Their chef, Pierre, was confident he couldmake each dish so exciting and unique that two (2) meals would be sufficient, at least until they could assesswhich menu items were most popular. Pierre…arrow_forwardRead through the scenario below then state how you would rule / decide if you were the Judge on this matter. SCENARIO The Warren family signed an exclusive real estate listing agreement with Detlefsen real estate brokerage to sell their property. The agreement provided that the Warren's were obligated to pay a commission of 5% of the sales price if they sell the property to any person during the term of the exclusive listing agreement. The term of the agreement was six months long running from January 1 of the year through June 30th. Detlefsen marketed the property and secured several offers with the highest offer being $700,000 from Ivy Jones which the Warren's agreed to on May 30th of that year. This sales contract had a provision that in the event of default by the Warren's Ivy Jones only recourse would be a refund of her $10,000 deposit. Subsequently, a friend of the Warren's, Zaine Johnson a person unknown to Detlefsen, found out the Warrens were selling the property and offered…arrow_forward7. Disaster Recovery Plan Hexagon is an online retailer of exotic foods including spices from around the world, canned sauces, and prepackaged breads such as tortillas and naan. The company does 100 percent of its business over the Internet to consumers and through private networks with retail trading partners. Recently, Hexagon moved its sales and business headquarters functions into a warehouse on the outskirts of San Francisco. Prior to the move, the company engaged the services of an architect to redesign the facility to be modern yet in keeping with the original character of the building. While remodeling the warehouse, the architects retained the wooden-shingled exterior and the exposed wooden beams throughout the interior. The data processing center, which contained the servers and networked terminals, was situated in a large open area with high ceilings and skylights. The center was made accessible to the rest of the staff to be consistent with the firm's philosophy of…arrow_forward
- Clear Field Cheese Company Case Andy Reisinger, CIO, and Sandy Knight, CSCO, of the Clearfield Cheese Company in central Pennsylvania had just returned from a meeting with Tom Powers, who was the CEO of the company. Andy and Sandy were both feeling the pressure of the competitive problems that Tom had presented in their weekly senior staff meeting. It was clear that Clearfield Cheese Company faced challenging market conditions. Background Clearfield Cheese Company was established in 1931 by two brothers, Ted and Terry Edwards, in Clearfield, which is located in an agricultural area in central Pennsylvania. At the time, the U.S. economy was in the throes of a severe economic depression. The local dairy farmers were experiencing financial duress because they could not sell their milk at a price which would cover their costs. Part of the problem was transporting the milk to Pittsburgh and other larger cities at a landed cost that was competitive with farmers in Ohio. The Edwards brothers…arrow_forwardAngela Fox and Zooey Caulfield were food and nutrition majors at State University and close friends and roommates. Upon graduation, Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian home just off Main Street for their new restaurant, which they named "The Possibility." Angela and Zooey knew in advance that they could not offer a full, varied menu of dishes, at least initially. They had no idea what their local customers' tastes in French cuisine would be, so they decided to serve only two (2) full-course meals each night, one with beef and the other with fish. Their chef, Pierre, was confident he could make each dish so exciting and unique that two (2) meals would be sufficient, at least until they could assess which menu items were most popular.…arrow_forwardOn March 2, 2020, Zoe Moreau, Karen Krneta, and Veronica Visentin start a partnership to operate a personal coaching and lifestyle consulting practice for professional women. Zoe will focus on work-life balance issues, Karen on matters of style, and Veronica on health and fitness. They sign a partnership agreement to split profits in a 3:23 ratio for Zoe, Karen, and Veronica, respectively. The following are the transactions for CARLA VISTA Personal Coaching: 2020Mar. 2 The partners contribute assets to the partnership at the following agreed amounts: Z. Moreau K. Krneta V. VisentinCash S14,900 $10,500 $19,900Furniture 17,400 Equipment 19,600 14,600Total $34,500 $27,900 $34,500 They also agree that the partnership will assume responsibility for Karen's note payable of S4,900. Dec. 20 Zoe, Karen, and Veronica each withdraw $29,900 cash as a "year-end bonus." No other withdrawals were made during the year. 31 Total profit for 2020 was $109,000. 2021Jan. 5 Zoe and Veronica approve Karen's…arrow_forward
- explain thoroughly 3) explain the role of resort facilities. 4) explain the importance of resort facilities.arrow_forward“I think I’m in trouble,” Elvira confided to her husband, Curtis. “I had a customer in today who complained that one of my clerks had discriminated against her and that she was going to sue. I discovered that this same clerk had designed an elaborate scheme to embezzle from me and I intend to press criminal charges. Also, my landlord has stating that the remodeling I did voids my rental agreement and he wants me to vacate in 2 months. I looked at the contract and I’m 99% sure he’s wrong, but I’m no lawyer. I need some legal help!”arrow_forwardAgbobloshie is a notorious for its electronic waste which has made the area heavily polluted.As a student of Environmental Management 1.list and explain the various types of pollution prevalent in the Agbobloshie areas 2.Explain the casual factors of the prevailing pollution in the area 3.list and explain the effects of the pollution on the environment and human health 4.suggest five ways of addressing the menace in the Agbobloshie enclavearrow_forward
- The director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Was it right in challenging my manager? Should I have handled this differently?arrow_forwardThe director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Do you think the companies would have felt cheated if the golf course had pocketed theirdonations?arrow_forwardInstructions Answer the following question: Thompson and Allenby wish to enter the camping equipment manufacturing business. For each scenario, which type of business organization would be most advantageous? A. Thompson is an expert in the field of camping gear production and sales but has no funds. Allenby knows nothing about such production but is willing to contribute all necessary capital. B. Camping gear production requires much capital, much more than Thompson and Allenby can raise personally or together; however, they wish to control the business. C. Some production phases are rather dangerous, and a relatively large number of tort judgments may be anticipated. D. Sales will be nationwide. E. Thompson and Allenby are both sixty-five years old. No profits are expected for at least five years, and business interruption before that time would make it a total loss. F. Several other persons wish to put funds into the business but are unwilling to assume personal liability. G. At…arrow_forward
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