Eastern Oregon University Business Law Questions

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Question Description

I.Larry signs a three month’s subscription with Dinner Delivery, a small company that provides meals delivered to your home. Larry prepays $300 for the first month of service and agrees to pay $300 at the end of each of the following two months. Three weeks into his subscription with Dinner Delivery, Larry is reassigned to his employer’s corporate headquarters in Chicago, 450 miles away. Before moving,Larry sublets his apartment to his friend Norma Peterson.After Norma moves into the apartment, she is pleasantly surprised by the regular delivery of hot meals just as she gets home from work. She continues to receive the meals while Dinner Delivery sends the monthly bill to Larry.Unfortunately, a day after arriving in Chicago, Larry was hit by a city bus while crossing the street and died instantly.
At the end of the third month, Dinner Delivery discovers that Norma has been living in the apartment and enjoying the meals Dinner Delivery has delivered. Frustrated by its inability to collect from Larry, Dinner Delivery bills Norma $600 for the two months of meal deliveries. Norma refuses to pay and Dinner Delivery sues to collect the $600.
1. Apply the elements of the offer, acceptance and consideration to determine if Dinner Delivery has a contractual relationship with Norma Peterson that would allow Dinner Delivery to sue for Norma for breach of contract?
2. Describe, in detail, any other legal theories that Dinner Delivery might assert to against Norma collect the $600?
II. Pleasant Painting has been trying to increase its business by identifying homes in the community that need painting and having its estimator, Micah Deel, provide homeowners with offers to paint their houses. Micah spends a half hour at Tom Flint’s house and determines that Pleasant Painting could paint Tom’s house for $3900. When Micah presents the offer to Tom, Tom tries to negotiate for a lower price by saying he would pay $3500. Micah tells Tom that he needs to speak with his boss before authorizing such a price. After Michael leaves, Tom contacts two other painters for estimates and discovers that neither will paint his house for less than $5000. Anxious to get his house painted, Tom sends Micah a text message that agrees to pay Pleasant Painting $3900 to paint his house.
3. Does the common law of contracts or the Uniform Commercial Code control the nature of any agreement that might have been created between Pleasant Painting and Tom Flint? Explain your answer.
4. Has Tom Flint created a contract with Pleasant Painting to have his house painted for $3900? Explain your answer.
III.Roxanne Thunder has always regretted her purchase of a $250,000 Albanian sports car. While stylish, the car often has mechanical problems and as a result, has left Roxanne in some embarrassing situations. One morning, while running late for a very important business meeting, Roxanne has trouble starting her car which is parked in the driveway. Her neighbor, Dolly Trump, sees that Roxanne is having trouble and goes over to offer her assistance. When Roxanne sees Dolly approaching, she gets out of her car and proclaims that she will “sell this worthless piece of Albanian #!!* to the first person who gives her a hundred dollar bill”. Startled, Dolly tries to console Roxanne by offering her a ride. When Roxanne gets into Dolly’s car, Dolly hands her a $100 bill and demands title to Roxanne’s Albanian sports car.
5. Does the common law of contracts or the Uniform Commercial Code control the nature of any agreement that might have been created between Dolly and Roxanne? Explain your answer.
6. Did Roxanne make a bilateral offer or a unilateral offer to sell her car? Explain your answer.
7. When Dolly sues for breach of contract, Roxanne argues that she never made an effective offer to sell the car. Given the nature of the exchange between Roxanne and Dolly, did Roxanne make an effective offer, one that created a power of acceptance in Dolly? Explain your answer.
 
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Saint Marys University Business Finance Exam Questions

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Question Description

Finance Final Exam Information
Thursday, June 25, 2020, At 7:00 pm – 10:00 p.m.(Atlantic Time, The test is still about 23 hours away. I will remind you again one hour before the test)
The exam will be in two parts:
Part 1: Exam 7:00PM – 8:00PM– MC Theory questions on all course material.

  • Part 1 is open for one hour – from 7:00 PM until 8:00PM. Once you start the test you will have ­­45 minutes to complete it. Part 1 ends at 8:00PM so you must start the test by 7:15pm.in order to have the full time allotted to complete the test.

Part 2: Exam 8:00PM – 10:00PM – MC Calculation questions on all course material.

  • Part 2 of the exam is open for two hours – from 8:00 PM until 10:00PM. Once you start the test you will have ­­ 90 minutes to complete it. Part 2 ends at 10:00PM so you must start the test by 8:30 PM in order to have the full time allotted to complete the test.
  • Please make sure you have a calculator and paper when doing Part 2 as many of the questions require calculations and you are required to upload your work. Please upload a single pdf file containing a copy of all the computations you did to support your answers for Part 2 of the test. Before uploading your file, please make sure to place your student ID card at the top of each page you are uploading. A Dropbox will be set up in Brightspace to upload your rough work, which must be done within one hour after the test ends. Any exam submissions without the file will result in a grade of zero.

Topics covered in parts 1 and 2 of the exam:

  • Risk and Return (Ch 12& 13)
  • Cost of Capital (Ch 14)
  • Raising Equity (Ch 15)
  • Leverage & Indifference Analysis (Ch 16)
  • M&M Models (Ch 16)
  • Dividends (Ch 17)
  • Leasing (Ch 22)
  • There is only one question per page, and you cannot move backwards once you leave a page so please ensure you have answered the question completely before moving on (there will be a reminder before you move to next question).
  • The test is open book – you can use any resources you wish.

PS: The formula sheet at the below. In other words, the part 1 you just need tell me which one to choose; But the part 2 you need tell me the calculations process and I need send to professor after exam.

 
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Johnson & Wales University Business and Finance Questions

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Question Description

1. a. When a prepayment is made that is less than the full amount to completely pay off the loan, what happens to future monthly mortgage payments for a fixed- rate mortgage loan? b. What is the impact of a prepayment that is less than the amount required to completely pay off a loan?
2. What is the difference between a prime loan and a subprime loan?
3. For mortgage loans, what is prepayment risk?
4. a. What is a maintenance test? b. What is a debt incurrence test and when does it come into play?
5. Some credit analysts place less emphasis on collateral compared to covenants and business risk. Explain why.
6. In analyzing the labor situation in an industry in which a corporate issue operates, what should the credit analyst examine?
7. Explain whether you agree or disagree with the following statement: “ All duration- matching strategies are indexing strategies.”
8. The investment objective of the Threadneedle Bond Fund is “ To outperform the benchmark by 3% per annum ( gross of fees) over an 18– 24 month period” What type of fund is this?
9. What are the two ways in which the Markowitz mean- variance framework has been used by investors?
10. What are the difficulties of implementing the Markowitz mean- variance framework in constructing portfolios?
 
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HI6027 Business and Corporate Law

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                                                              Assessment Details and Submission Guidelines                  
Trimester T1 2020
Unit Code HI6027
Unit Title Business and Corporate Law
Assessment Type Group Assignment
Assessment Title Case Studies of Business Law and Business Structures
Purpose of the assessment (with ULO
Mapping) 		The purpose of the Group Assignment is to provide students with an opportunity to work in a collaborative environment in solving two case problems by citing the relevant legal rules and cases and applying these to the facts of the case.
In this Group Assignments, students are required to:
–                      Critically analyse the ethical implications of legal decisions and how they impact on the business environment. (ULO 2)
–                      Assess the obligations, rights and remedies available to parties in particular commercial relationships. (ULO 3)
–                      Critically examine the foundations of Australian company law. (ULO 4)
–                      Critically discuss and apply contract and tort law in business circumstances. (ULO 5) – Critically discuss and apply the legal framework that regulates a company’s dealings with outsiders. (ULO 7)
Weight 30% of the total assessments
Total Marks 30%
Word limit Group Written Report of maximum 2,000 words
Due Date Week 11
Submission Guidelines •     All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.
•     The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.
•     Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using the AGLC style.

 

Assignment Specifications

 
Purpose:
The Group Assignment aims to provide students with an opportunity to work in a collaborative environment in solving two case problems by citing the relevant legal rules and cases and applying these to the facts of the case.
 
Students are to form groups, with a minimum of 3 and a maximum of 4 students per group. The assignment consists of a 2,000-word written report.
 
Instructions: Please read and re-read carefully to avoid mistakes.
 

Group Report

  1. This group assignment consists of 2 parts. Part A is a question on Contract Law, and Part B is a question involving Business Structures. Both questions must be answered.

 

  1. The total word limit for the group report is 2,000 words (+/- 10% allowed) with each part having a maximum word count of 1,000 words. Word count limits are strictly enforced. A deduction of two (2) marks will be imposed for every 50 words over the word count for either part of the report. Anything over the word count will not be read by your lecturer.

 

  1. The total word count for the report as well as each part must be clearly written on the cover sheet of the assignment. A paper will not be marked if the word counts are not written on the cover sheet.

 

  1. The group report is worth 30% of total marks in this unit.

             
Important Reminders:

  • You must form your groups by self-enrolment in Blackboard. Please refer to the document “Group Assessment Self Enrolment Tutorial”, that has been posted in Blackboard (under announcements and also in “Assessments” folder). This document will assist you with the process of self-enrolling in a group to undertake an assessment task in Blackboard Ultra.

 

  • All group report submissions must be de done online and run through SafeAssign. No hard copies are to be submitted. Only one group member needs to submit for the whole group.

 

  • Please fill in the “Rubric Group Report” sheet (available in Blackboard under “Assignments and Due dates) and attach as a cover sheet to your group report and upload on Blackboard.

 

  • Each team member also must also submit to their lecturer/tutor a “Peer Evaluation of Individual Participation in Group Assignment” sheet (available in Blackboard under “Assignments and Due dates) with their assignment.

 

  • Group report must be submitted via SafeAfssign on Blackboard and show a similarity percentage figure. Any group report that does not show a SafeAssign similarity percentage will not be marked and be required to re-submit.

 

  • Late submissions will be subject to Holmes Institute policy on student assessment submission and late penalties (please refer to subject outline and Student handbook).

 

  • All reports are expected to observe proper referencing in accordance with the Australian Guide to Legal Citation (AGLC). A copy of the AGLC has been posted in the Week 2 tutorial folder.

You may also download a copy for free via this link:  https://law.unimelb.edu.au/__data/assets/pdf_file/0005/2877782/AGLC3.pdf
 

  • In general, for written reports, a SafeAssign similarity percentage of 25% or below is acceptable. Regardless of the similarity figure, all group reports must use in-text citation and observe proper referencing rules.

 

  • All assignments are expected to strictly follow Holmes Institute’s Academic Conduct and Integrity Policy and Procedures. A copy of the Policy is available on the Holmes Institute home page. (About Holmes > Policies) This policy is also explained in your Student Handbook.

 

  • Plagiarism and contract cheating in any form will not be tolerated and will have severe consequences for the groups found committing the same, including receiving zero (0) for the entire assignment and possible failure in the unit.

 

  • Any group assignment that is found to contain fake or bogus references or references that are clearly irrelevant to the subject matter of the assignment will receive an automatic zero (0) mark.

 

  • IMPORTANT: Identification of individual work. To ensure that all students participate equitably in the group assignment and that students are responsible for the academic integrity of all components of the assignment, each group must complete the following table which identifies which student/students are responsible for the various sections of the assignment:

 

Assignment section Student/Students
   
   
   
   
   

 
This table needs to be completed and submitted with the assignment as it is a compulsory component required before any grading is undertaken.
 

Marking criteria Weighting (%)
Group Report  
–     Identification of material facts involved in problem question 6%
–      Identification of legal issues / legal question and relevant law 8%
–     Thorough yet succinct application of law to material facts 8%
–     Citation and referencing 4%
–     Professional quality 4%
TOTAL Weight 30%

 
 
             

Assignment Questions

 

Part A: Contracts Law Question

  • Read the Contracts Law question below.

 

  • In 1,000 words (+/- 10% is allowed), answer your chosen question using the IRAC method.

 

  • Your answer must be supported by relevant law and cases decided by Australian courts (preferably the High Court) and/or scholarly articles. A minimum of 3 genuine and relevant references are required for this part of the report.

 

  • Your references must be listed in a Reference list at the end of the Part A question.

 
 
 
Joey Joystick is a computer programmer. While he was in his final year of university studies, he worked as an intern with a local electronic games producer, Great Games Pty Ltd. Joey impressed his supervisors with his insightful comments and other input on design work. They were so impressed with his work on one design, Crypt Force, that they gave him part credit for it and paid him a general bonus for it. Crypt Force ultimately won an industry award and proved to be a big seller for the company.
 
After Joey’s university graduation ceremony, he was ushered aside by a Great Games executive who showed him a document and said:
 
“We’re very impressed by your work, Joey. We’d like you to join us permanently— we’re sure you’ll be happy with the deal we can offer you.”
 
The document was a contract of employment which contained the following clauses:
 

  1. The duration of the contract is three (3) years.

 

  1. The employee (Joey) agrees that he will not for the duration of the employment contract or for a period of one year after the conclusion of the employment undertake design activities in Australia for the purposes of the production of electronic games or any other form of entertainment.

 
The starting salary under the contract was that normally paid to a senior designer, which was a position a new designer would not usually attain until he or she had worked with Great Games for three years. Joey happily signed the agreement.
 
After two years with Great Games, Joey was approached by a film production company, Computer Animated Films Inc (CAN). Joey agreed with CAN that, for a salary five times what he was getting paid by Great Games, he would immediately start work as part of a team producing Cosmic Armada, a feature-length computer animated film. As part of the deal, Joey would also work on a spin-off Cosmic Armada electronic game.
 
Advise Great Games whether it can prevent Joey from working for CAN.
 
In answering this question, you are expected to draw on legal rules, principles and cases discussed in the lectures from Weeks 1 to 4 and the corresponding chapters from the prescribed textbook.
 
             

Part B: Business Structures question

  • Read the questions below on Business Structures.

 

  • In 1,000 words (+/- 10% is allowed), answer the chosen given question.

 

  • A minimum of 3 genuine and relevant references are required for this part of the report. Examples of relevant references for this question include the Corporations Act 2001 (Cth); the Australian and Securities and Investment Commission’s (ASIC) website (asic.gov.au), the website of the Australian Business Register’s (ABR) website (www.abr.gov.au).

 

  • Your references must be listed in a Reference list at the end of the Part B question.

 
 
You have graduated from Holmes Institute with a Master’s Degree in Professional Accounting, and you’re employed as an accountant/financial advisor, for an accounting firm called Big Business Accountants. 
 
Harry is a client, and he has made an appointment to see you. Harry is keen in starting a business. This business he is proposing to start is a bakery. Harry has qualifications in bakery which includes making cakes, bread, pastries. 
 
Harry, has saved up his money and he has about $50,000.00 in cash. He hasn’t bought any equipment but he has found a shop which he is considering leasing where his bakery business will be operating from.
 
Harry has always been an employee and now he would like to know what type of business structure he should have for his bakery. 
 
Your task is to write a report to Harry about the types of business structures that you consider would be suitable for Harry to consider.
             
Marking Rubric
Group Report

Total marks available: 15 marks  Excellent
 		 Good
 		 Satisfactory
 		 Unsatisfactory
 
Identification of material facts involved in problem question
 
(6 marks) 		5.5 to 6 marks
 
Completely
identifies all relevant facts of case		 4.5 to 5.5 marks
 
Identifies most of the relevant facts of case		 3 to 4 marks
 
Identifies the basic relevant facts of the case but misses other relevant facts		 Below 3 marks
 
Does not identify relevant facts of case
Identification of legal issues / legal question and
relevant law
 
(8 marks) 		7.5 to 8 marks
 
Correctly identifies all relevant legal issues and are stated in the form of questions.
 
Correctly identifies relevant and appropriate legal rules and case law, and states them in the form of statements		 6 to 7 marks
 
Issues correctly identified, but may contain extraneous information and are not stated in the form of questions.
 
Legal rules and case law correctly identified, but may contain extraneous info and are not in the form of statements.		 4 to 5.5 marks
 
Issues are not completely identified.
 
Legal rules and case law not correctly identified.		 Below 4 marks
 
Identifies incorrect or irrelevant issues.
 
Identifies incorrect or irrelevant legal rules and case law.
Thorough yet succinct application of law to material
facts
 
(8 marks)		 7.5 to 8 marks
 
Correctly identifies facts; wellreasoned discussion relating facts to the rules and case law.		 6 to 7 marks
 
Correctly identifies facts. Not well reasoned.		 4 to 5.5 marks
 
Facts not correctly identified. Analysis incoherent.		 Below 4 marks
 
Scant to no analysis.
Citation and referencing
(including minimum number of
references)
 
(4 marks) 		3.75 to 4 marks
 
Correctly cites minimum of 6 references, in-text and in reference list.		 3 to 3.5 marks 
 
Has minimum of 6 references; or has occasional errors in formatting of in-text citations and reference list		 2.5 to 2.75 marks
 
Does not have minimum of 6 references or contains errors in formatting of intext citations and reference list		 Below 2 marks
 
No referencing either in-text or in reference
list; or cites
inappropriate references; or all references not cited in the correct format.

 

Professional quality including language use and writing
style
 
(4 marks)
 		 3.75 to 4 marks
 
Professional language. No grammatical, punctuation or spelling errors.		 3 to 3.5 marks 
 
Some mistakes. Does not detract from understanding.		 2.5 to 2.75 marks
 
Many mistakes. Detracts from understanding.
Sloppy.		 Below 2 marks
 
Reflects no real effort.
Deductions
 
Excess word count (1 mark for every 25 words over)
 
Under the word limit (1 mark for every 25 word under)
 
Lacks minimum of 6 references (1 mark for every missing reference)		        
 
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