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1. Gina attends a local gym where she leaves her car keys on a key rack which is unattended but near the check-in counter. After her workout she discovers that her keys and car are missing. She calls the police. Several hours and several miles away the police spot the car and begin a hig-speed chase. The car thief runs a red light and crashes into Terry, who is injured. Terry sues Gina and the local gym for the tort of negligence. Their strongest defense to the lawsuit would be.
2. Marianne and Ellen want to form a corporation, Bridal Flowers Company, and thus retain the Bobbo Law Firm to prepare the articles of incorporation. Bobbo Law Firm files the articles of incorporation but Bobbo's paralegal forgot to have Marianne and Ellen sign the articles as incorporations. The state notices the omission, rejects the articles as defective, and sends it back to be signed and filed again. Meanwhile, Marianne and Ellen, thinking they now have a corporation commence doing business as a corporation and start to make contracts for the delivery of flowers for weddings. Unfortunately, they could not fulfill one contract with Brenda and Eddie and are now being sued individually and personally for breach of contract. Brenda and Eddie are also claiming emotional distress damages since their wedding was "ruined" due to the absence of the promised flowers. Marianne and Ellen claim that only the corporation, Bridal Flowers, is liable for the breach of contract and any damages. Marianne and Ellen under these circumstances are protected from individual personal liability by what corporate law doctrine?
Alcohol is illegal in dorms at ACME college. Why are students more likely to sneak in a couple bottles of, say, tequila, rather than cases of beer even though most would rather drink beer than tequila
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
In recent years, scores in baseball have constantly increased. Most experts believe that this is due to expansion of new teams into the league.
What are the marginal costs and benefits of pursuing additional education and inherent risks associated with this decision?
Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?
What was Morita drawing and what did he know about costing that the chain store representative was overlooking? Be sure to describe or chart the shape of Morita's costing sketch in your answer.
Assume that, in a perfectly competitive market at profit maximizing quantity, the market price is greater than average total cost. Describe what will happen to the number of companies,
What is the effect on the price of a recordable CD and the quantity of recordable CDs sold if a. The price of an MP3 download rises? b. The price of an iPod falls? c. The supply of CD players increases?
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
Describe how the role of the government affects each market structure's ability to price its products and discuss the effect of international trade on each market structure.
Comparative statics examine in economics is best illustrated as comparison of equilibrium points before and after changes in market have occurred.
farmers to lose fund since the demand for food is inelastic meaning the price refuse proportionally faster than increase in quantity sold.
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