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Case Study : New Charter University

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Running head: BA340 Final Project BA340 Final Project Larry W Ballard New Charter University Background In this project, you will imagine that you are a lawyer giving legal advice to a young entrepreneur who has sought your guidance as she builds her company. Her company will sell an app called BackOffice that automates certain business functions, such as sending out bills to customers and receiving payments for sales and services rendered. In order to turn the sales and servicing of her app into a viable business enterprise, the entrepreneur must learn those parts of the law that could play a significant role in the economic success of the enterprise. It is your job to advise her. Project Instructions To advise the entrepreneur, write a brief that covers each of the following topics using the questions below each topic as a guide: 1. Constitutional rights and guarantees regarding business (1–1½ pages). Explain the impact of constitutional rights and guarantees regarding business. In this particular scenario, it seems as though the Consumer Financial Protection Bureau (CFPB) is planning to propose regulations that could regulate and restrict the kind of transactions that BackOffice will automate. Such regulations could adversely affect the market for the new app. Based upon your findings, describe whether or not you believe the CFPB has the authority to create such regulations. 2. Role of contracts in business transactions (1–1½ pages). Describe all five components of

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