The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 4RE
Summary Introduction
Case summary: Two persons, T and X had designed and manufactured a software, Hallowed for a videogame with the help of their friend, B. But before the launch of this software, a new videogame, halo 2, was released. The look, feel and source code of the two products are same.
To find: Type of intellectual property infringement.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River Pilots Inc. (CRP) and is married to Patricia, who is 35 years old. They have a seven-year-old son, named River. CRP sponsors a 401(k) plan that offers a Roth account and a separate ESOP. Chad has the following retirement plan accounts:
Account Description
Current FMV
Beneficiary
ESOP account from CRP – consists of CRP shares. The cost basis for the shares is $75,000.
$400,000
Patricia
401 (k) Plan From CRP Inc.
$800,000
Patricia
401 (k) Plan from Schlumberger, where he worked in his thirties
$90,000
Patricia
Roth IRA (established in 2000 with a $2000 initial contribution; three years ago he rolled over a traditional IRA with a balance of $10,000
$45,000
Patricia
Traditional IRA (established twenty years ago with $15,000 of after-tax contributions)…
In 2022, Bridget and Jeremy are married with two children, Laura and Sam. Bridget earns $60,000 from her job as an accountant. Jeremy earns $25,000 per year as a biologist. Jeremy also pays $5,000 of alimony per year to his ex-wife. Jeremy’s alimony agreement with his ex-wife was signed and executed on November 20, 2007.
Jeremy owns a 30% interest in Bio-Clean Partnership. Bio-Clean earned $60,000 in operating income during the year, it also paid a cash distribution of $20,000 to Jeremy during the year. Bridget has $5,000 of interest from City of Jackson, Mississippi Bonds. She also has $7,000 of interest from General Motors bonds.
They provide over half of the support for both of their children who live at home with them. Their daughter Laura is 17 and earns $10,000 per year at her hourly job at a hamburger restaurant. Sam is 22 years old and attends State University full-time and lives at home during the year. He earns $15,000 per year at a part-time job at a local museum.
They also…
While mingling with neighbours at a party, Ato mentions that he is responsible for
evaluating bids for a large computer software contract. A few days later, Ato
receives a lunch invitation from one of his neighbours who also attended the
party. Over appetizers, the conversation turns to the contract Ato is managing.
Ato's neighbor seems remarkably well informed about the bidding process and
likely bidders. Ato volunteers information about the potential value of the
contract and briefly outlines the criteria his firm will use to select the winner. At
the end of the lunch, Ato's neighbor surprises him by revealing that he is a
consultant for several companies in the computer software market. Later that
day, Ato's mind is racing.
Question1 Did Ato reveal information that could provide a supplier with a
1.competitive advantage in the bidding process?
2. What are the potential business risks and ethical issues in this situation?
3.Should Ato report the conversation to someone? If so, whom…
Chapter 8 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Similar questions
- John is now in trouble for not listening to Susan's instructions. She is threatening to suspend him for disobedience. John thinks he did the right thing and now is tempted to make his findings public. The CEO is concerned that if this information comes out, the company will be disgraced and they may lose revenue, which could result in subcontractors and employees losing their jobs. He is also worried that if they stop using Vail as a supplier, they may not be able to continue their philanthropic endeavors. Step 2: Complete the Ethics/Social Responsibility Case Study Paper The purpose of this paper is to evaluate ethical dilemmas and formulate a defensible resolution. You should support your resolution based on your understanding of rules for ethical decision-making and reflection of your own academic and civic life. Reference a minimum of three scholarly journals, as well as the competency readings. You should clearly identify the stakeholders and assess how the business dilemma…arrow_forwardRuby is a homeowner with a mortgage loan. She's been missing payments, and recently received a notice from her lender that her loan is in default, and she will be required to pay the entire remaining balance or face foreclosure. What clause in her mortgage contract gave her lender the right to do this? defeasance clause prepayment penalty clause acceleration clause due on sale clausearrow_forwardFiona has been offered a job as a marketing representative in a prestigious cosmetics firm called Beauty R Us. However, one week before she is to start her new job (and two weeks after she gave notice to her current employer) she receives a phone call from Beauty R Us stating that it has to withdraw its job offer. The firm tells Fiona that it just found out that she is a high-profile activist for an animal rights group and some of its customers (such as those who sell fur coats) would be extremely uncomfortable dealing with her as a Beauty R Us marketing representative. Fiona is very upset and wants to know what her legal rights are in this situation. Advise her. Explain your answer.arrow_forward
- The Acme Electric Company worked day and night to develop a new current regulator designed to cut the electric power consumption in aluminum plants by 35%. They knew that, although the competition was fierce, their regulator could be produced more cheaply, was more reliable, and worked more efficiently than the competitors’ products. The owner, eager to capture the market, personally but somewhat hastily put together a 120-page proposal to the three major aluminum manufacturers, recommending that their regulators be installed at all company plants. She devoted the first 87 pages of the proposal to the mathematical theory and engineering design behind his new regulator, and the next 32 to descriptions of the new assembly line she planned to set up to produce regulators quickly. Buried in an appendix were the test results that compared her regulator’s performance with present models, and a poorly drawn graph showed how much the dollar savings would be. Acme Electric didn’t get the…arrow_forwardI think it's the second one but I'm not sure.arrow_forwardRead the following scenario and answer the question in 5–10 sentences. Fred and Frank have been operating a seasonal outdoor maintenance and landscaping business for the last three years under the name F & F Maintenance. There was no written partnership agreement. During the nonoperational winter months, Fred spends his time in Costa Rica, while Frank stays in town. In January, Frank was approached by an existing customer with a request that F & F build and install a bleacher stadium and football field for the local middle school. Frank advised the customer that, while he had no direct experience with this type of project, he was sure that he could subcontract any work that was needed. Neither Frank nor Fred had any previous experience as a general contractor. Experience aside, Frank signed a contract to complete the project for $200,000, taking a down payment of $50,000 with the remaining amount to be paid after passing inspection. At the inspection, the inspector determined…arrow_forward
- A few days before the end of the term of a two-year NDA (non-disclosure agreement) he signed with a startup company related to a possible patent, Frank interviewed with another startup and divulged information covered by the agreement. The interview had been scheduled for a week later, in which case it wouldn't have been an issue, but had been moved up when another job applicant dropped out and the company had an opening for an earlier interview. Frank reasoned that he had met the spirit of the NDA, and a few days early wouldn't really matter. Besides, as it turned out, the company he interviewed with wasn't interested in that information, although they did hire him. What would have been done to make it right by Frank?arrow_forwardhelparrow_forwardYou are a consulting project manager and have been contracted by an investment bank to run a large information technology project that is expected to last 15 months. During the Direct and Manage Project Work process, you discover that several regulatory requirements have not been addressed in the project management plan. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations exceeds the budget and scope of the project, and could result in the cancellation of the project. As a project manager what are some of the critical issues that you will undertake?arrow_forward
- Please explain what a noncompetition agreement is. Explain what makes a noncompetition agreement not enforceable. Explain the business interests sought to be protected by noncompetition agreements. Think of an example where a business could protect these interests without saying an employee cannot work for a competitor.arrow_forwardDQ2: Chapters 5 and 11: Unfortunately, you and Max make better friends than business partners. While Smaxy Maxy’s is roughly breaking even, there is constant conflict between the two of you. You and Max had established a partnership, and both of you recognize that the partnership must be dissolved, leaving a sole proprietor. There is no simple solution because both of you have fallen in love with Smaxy Maxy’s. You wisely consult a lawyer. She suggests a lawsuit to force the partnership dissolution. You wonder if there might be alternatives to litigation. What might those be with this fact scenario? Explain. DQ3: Chapter 14.3: You own Sam’s Sea Food and are in fierce competition with Frank’s Fish House, the businesses just a few blocks apart. Both sell a variety of fresh seafood. Frank decides on a new promotion. He advertises heavily, “one pound of fresh, wild Alaska, salmon, $8.99, first come, and first served.” However, Frank has only two of these items in the store. Is this…arrow_forwardMr. Nawa Maboshe is a minority shareholder in a company that recently built a clinic for a community in Lusaka that is ten kilometers from the nearest hospital. At a handover ceremony of the clinic to the people of Zambia, the government of Zambia commended and thanked the company for its gesture of corporate social responsibility. However, Mr. Maboshe plans to introduce a motion at the company’s next annual meeting to censure management for spending money on a project that did not advance the economic value of shareholders.REQUIRED:a) What is the relationship between strategy and corporate social responsibility?b) Discuss any THREE (3) reasons why a firm might engage in corporate social responsibility.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