Business Law I (BUL2241)

Think of a contract as a private set of laws that only apply to the two parties who signed it. Those two parties have determined and agreed to the subject, consideration, timing, duration, etc. for the contract. Generally, the court does not interfere with the parties’ agreement, except in certain circumstances (e.g. if the subject of the contract violates public policy). When a contract is breached and a lawsuit is filed, the court will generally awardcompensatory damages that make the non...

"...There are ethical procedures in place which create accountability for corporations. Violations or any unethical procedures result in a tort or criminal prosecutions. Taking an entire corporation to court isn’t necessarily impossible but it is important to note that not all parties involved and employed have voluntarily..."

Excerpt "....of holding advertisers that do not constitute offers, are purposing the invitations of soliciting offers instead. The language in the advertisement claims that consumers will have the “best deal on our collector’s edition coffee mugs” this opens up the business to interpret the prices to consumers rather than lock them into a set cost, thus inviting solicitations rather than stating the frauds. The Lovett v. Frederick Loeser & Co supports this argument by stating that most ...

As you introduce yourself, tell us about a business you enjoy patronizing, a business you enjoy working at, and/or a business that you have started or want to start; and tell us why it is important for the owner/manager of that business to understand the law. Post + Reply

Discussion 2.2:Bailment "Florida law defines bailment as a “contractual agreement” between mutual parties for the purpose of exclusivity in the use and possession by the other. Additionally it is required for the user(s) to return the bailed vehicle from one mutual party to another. In regards to the A & D International case"

: Hot Mugs vs. John Smith In the case of negligence, Defending Hot Coffee Company "Florida law publically declares that all hot beverages such as coffee be served at or below 150 degrees Fahrenheit. This is in reference to the 1994 case of Dr. Charles Baxter vs. Liebeck where a coffee spilled created second and third degree burns. The argument of Hot Coffees tort negligence is unfounded, since the company did not filed under Condition J of the FDA regulation because their product can not wi...

Companies depend on consistency and predictability in the laws and regulations of their industry. That allows them to make business decisions and understand the consequences. Read about the legal concepts of precedent and stare decisis in your textbook. In your assignment: • Summarize the concepts of precedent and stare decisis • Discuss whether and/or why you think these concepts are important to help provide stability for businesses to operate

Assignment Brief and Guidance 1. Hot Coffee has been leasing a store to sell their custom coffee mugs. They purchased and installed cabinets, shelves, and a counter to display and sell the mugs. What is the test used to determine if something is a fixture? Are these items considered personal property or fixtures? Will they belong to Hot Coffee or to the landlord when the lease expires?

Assignment Brief and Guidance The Uniform Commercial Code (UCC) includes a number of provisions that apply to contracts between merchants. One provision of the UCC is the Statute of Frauds. Hot Coffee (a fictional Florida corporation) entered into a $1,000 contract for the sale of their mugs to an independent grocery store called Foods ‘r’ Us. Are there any specific requirements for Hot Coffee’s contract based on the Statute of Frauds?