How the outcome of the customers suit against the brokers

Assignment Help Business Law and Ethics
Reference no: EM131621020

Two stockbrokers, in clear violation of the rules of their employer, sold worthless stocks to unsuspecting customers. There was no question that the brokers had the actual or implied authority to sell the stock. The customers who lost money sued the brokerage firm, contending it was liable for their losses because the brokers had apparent authority. Based on this scenario, debate whether or not you believe these stockbrokers had apparent authority. Next, speculate on how the outcome of the customer's suit against the brokers will turn out. Explain your rationale.

Reference no: EM131621020

Questions Cloud

In a fixed-for-floating interest rate swap : In a fixed-for-floating interest rate swap, the fixed rate represents
Formula for the standard deviation of portfolio : Given the formula for the standard deviation of a portfolio, how and why do you diversify a portfolio?
What is the value of using a project management methodology : What is the value of using a project management methodology? Explain the reasoning for a business case and the importance of the main contents.
Calculate the implied required return on equity : Omega Industries recently paid a dividend of $1.50. calculate the implied required return on equity.
How the outcome of the customers suit against the brokers : There was no question that the brokers had the actual or implied authority to sell the stock
Form the number by transposing the digits : If adjacent digits of an account register entry have been transposed, the error will produce a difference that is divisible by 9.
Defined as value of its assets less value of its liabilities : The market value of a bank’s net worth is defined as the value of its assets less the value of its liabilities.
Show that the difference is divisible by nine : Give an example of a three-digit number and the number formed by transposing two adjacent digits. Show that the difference is divisible by 9.
Calculate the value of the stock today : ABC Company recently paid a dividend of $2.25 per share. calculate the value of the stock today.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd