Reference no: EM133184950
We will focus on Agency law and the ability to hold an employer liable for an agent's actions and, the Employment-at-Will Doctrine and the protections afforded to employees from wrongful termination.
SCENARIO: As a small-business owner, you are faced with rising costs, particularly employment costs, insurance, and the like. You decide to hire Leo, your good friend to save on these costs and insurance. Leo works for 6 months dealing with vendors and buying supplies and inventory for the business. One day at lunch, Leo heads to 7-11 for a Slurpee and befriends the owner, Dan. Leo makes a deal with Dan to sell your product, Widget's spinners, at the 7-11 in exchange for a free Slurpee every day. The store sells out of Widgets spinners the next day and Dan calls to demand you restock because it is bringing in lots of customers.
Discuss the following:
Given your understanding of agency law and the three types of authority "relationships" that are created in the workplace between employers and employees. In other words, the authority an employee has from the employer to act on behalf of the employer in the workplace.
Was Leo authorized to contract with Dan? Why or why not and was Dan a disclosed, parially disclosed or undisclosed principal given your understanding? What is "scope of employment" and how is it applicable? Be sure to explain these terms.
Identify and explain what an employee-at-will is and the exceptions to firing such an employee given the law's protections. Research using the NEXIS Legal Database and provide an example lawsuit of a wrongful firing or discharge in violation of the law. Be sure your case is within the last two years. Explain the facts, the parties, their arguments, the law, and the outcome of the case.
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Discuss how increasing your human capital
: Discuss how increasing your human capital may influence your ability to accept change, and readiness to learn new skills and get new jobs.
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Pros and cons of regional trade agreements
: Regional trade agreements (RTAs) between two or more countries have become important institutions in the world economy
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Calculate the revised annual amortization expense
: The patent had 15 years remaining as its useful life. Calculate the revised annual amortization expense (in $) for the remaining years after the lawsuit
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Create a partial balance sheet for kimbo at december
: Create a partial balance sheet for Kimbo at December 31, Year 3, showing how its $7,000,000 of short-term debt should be presented
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Disclosed or undisclosed principal given understanding
: Was Leo authorized to contract with Dan? Why or why not and was Dan a disclosed, parially disclosed or undisclosed principal given your understanding?
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Global trade activities by multinational corporations
: Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.
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Create the journal entry to record interest expense
: On February 1, Year 1, Lotrim Company issued 9% bonds, dated February 1, with a face amount of $800,000. Create the journal entry to record interest expense
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Gross Domestic Product
: Domestic economy in the areas of price level, interest rates, consumption, investment, wages, jobs, and gross domestic product (GDP)?
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Determine the increase in share premium
: If the bonds were issued separately, they would have been sold for P35,000 on an 8% yield to maturity basis. Determine the increase in share premium
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