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The imagined circumstances which the exam will test are as follows. After completing Business Law and graduating from Wayland University, you decide to start a business of your own. With some personal savings, equity on your house and a twenty thousand dollar inheritance, you weigh many small business opportunities that might be taken: You could buy a carwash, or start an office cleaning company, or operate a copy/mail store, or hang a shingle as a tax consultant or start a professional nanny service—you must choose a small business following your talents and interests. Choose any business that suits you and apply business law to the following essay questions.
Describe the business venture you have chosen. Thinking about the legal foundation of business practices in our United States, summarize how 3 amendments in the US Bill of Rights protects your business property and rights to commerce.
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