This project requires you to identify and analyze legal
Question # 00084079
Posted By:
Updated on: 07/22/2015 09:36 AM Due on: 07/23/2015

Can you provide 6-8 pages of double-spaced typewritten responses to all of the questions presented at the end of each fact pattern which demonstrate your knowledge and understanding of the applicable legal concepts to the facts presented. Include APA in-text citations. Check for spelling and grammar errors before submitting responses. This project requires you to identify and analyze legal issues and to make recommendations based on one or more fact patterns. The issues will relate to the concepts about the legal environment of business and business organizations. Fact Pattern #1: Principal Resources Corporation contracts with Quality Constructions to build an addition to Principal's corporate office building. Quality contracts with Rite Supply Company for materials for the addition but refuses to pick up the materials. Meanwhile, Principal hires Skye, a certified public accountant, to work in its cost-accounting division as an employee, with no authority to hire or supervise others. Skye asks Theo, an outside experienced accountant, to advise her on certain accounting procedures but fails to pay Theo for the service. Principal also contracts with Uma, a salesperson, to solicit orders for its products in a designated territory. Uma obtains an order from Verity Industries, Inc., which is assured the order will be filled soon. But Uma does not follow through with the paperwork and fails to submit the order to Principal. Verity suffers a loss. Rite Supply, Theo, and Verity Industries claim Principal is liable under agency law. Discuss fully whether an agency relationship was created by Principal with Quality Construction, Skye or Uma. Explain your response using all applicable law and refer to any sources including applicable case law. Fact Pattern #2: Harbor Bay Development hires Guthrie to act as its agent to buy a 100-acre waterfront tract of land from Frankie for $1,000 per acre. Harbor Bay does not want Frankie to know it is the principal or that Guthrie is its agent. Harbor Bay wants the land for a new marina, and believes that Frankie may not sell the land for that purpose or may demand a premium price. Guthrie makes the purchase, signing only his name on the contract as the buyer and not disclosing to Frankie the agency relationship. Harbor Bay gives Guthrie the amount to pay for the land, but Guthrie absconds with the funds. Frankie soon learns of Harbor Bay's identity. Can Frankie enforce the contract against Harbor Bay? against Guthrie? Explain your response using all applicable law and refer to any sources including applicable case law. Fact Pattern #3: Ewa, the owner of Finest Enterprises, is a sole proprietor. What are the chief characteristics,advantages, and disadvantages of this form of business organization? Ewa wants to obtain additional capital to expand Finest, but she does not want to lose control of the firm. As a sole proprietor, what is her best option to attain these goals? Explain your response using all applicable law and refer to any sources including applicable case law. Fact Pattern #4: Dill and Edy form a partnership. Edy's capital contribution is $10,000, and Dill's is $15,000. The partnership agreement provides that profits are to be shared, with 40 percent for Edy and 60 percent for Dill. Later, Edy makes a $10,000 loan to the partnership when it needs working capital. When the partnserhip is dissolved, its assets are $50,000, and its debts are $8,000. How should the assets be distributed? If there was no partnership agreement, how would the assets be distributed? Explain your response using all applicable law and refer to any sources including applicable case law.

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Rating:
5/
Solution: identify and analyze legal