Acme Fireworks Case 8

Decent Essays
Final Paper: Acme Fireworks Introduction Acme Fireworks is a new and upcoming fireworks retailer who sells fireworks and performs massive aerial and ground fireworks displays. Acme Fireworks is a sole proprietorship entity with fifteen employees. Recently, the owner received various inquiries from potential contractors, seeking several fireworks displays on a regular basis. In response to these inquiries, the owner informed inquirers that the workload of this magnitude could be achieved and a price per display was agreed upon, which includes the cost of experienced labor, insurance, and the service of setting off the fireworks. After expressing his concerns, the owner then presented me with five task that will determine the success and…show more content…
Also, I was required to highlight the advantages and disadvantages of specific employment types and relationships relevant to agency law, and how they relate to Acme Fireworks and the disadvantages of being a sole proprietorship. Finally, I am required to propose a new business entity and include a rationale to support my selection. Examining every aspect of the binding agreement that involves firework services is mandatory because the potential backlashes associated with potential injuries and lawsuits may affect the livelihood of the business significantly. Common Law or Uniform Commercial Code Working with contracts requires having an excellent comprehension of the two main bodies of law: Uniform Commercial Code (UCC) and the common law of contracts, which oversees the policies and purposes of contracts. Understanding the differences between the Uniform Commercial Code (UCC) and the common law, will result in a huge difference in the outcome of a contract dispute. These disputes include "collecting punitive damages, discharge or modify a contract, being able to sue under a breach of contract, and whether there was actually a legally recognized contract at all." (Denton, 2015, par. 1). Uniform Commercial Code
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