Chapter 1.1, Problem I.18E

Please defend your position on the following statement: “The Statute of Frauds is old law that has outlived its usefulness and should be abandoned by today’s courts.” Be sure to state your position and support it with at least THREE points. pls note this is business law question!

Trevor Rowe a well known businessman saw an article in the gleaner that indicated that he was a jail bird. As a result, he lost customers. He wrote to the gleaner, seeking a retraction of the story, and found out that there was in fact another man in the community with the same name who had gone to jail. What is the position of either party?   The Gleaner can prevent litigation by offering to make amends. The Gleaner doesn’t have to retract the story as it was true for one of the men. There is no action as the story was already published. The businessman can go straight to Court. There is no action at there are two persons with the same name.

Which of the following is/are true?I. An entity shall present any items of the income and expenses as extraordinary in the notes to financialstatement.II. An entity shall not present any items of the income and expenses as extraordinary in the face of incomestatement or statement of comprehensive income.III. An entity shall present any items of the income and expenses as extraordinary in the face of the incomestatement or statement of comprehensive income.IV. An entity shall not present any items of the income and expenses as extraordinary in the notes to financialstatement. a. I and IIb. II and IIIc. I and IVd. II and IV

Explain the operation of the contra proferentem rule. Is such a rule defensible in today’s businessenvironment? (maximum 300 words)

Derive at least one valid immediate conclusion in the statement and explain  it's not the case that some F is G.

A newspaper advertisement states. “Only those seeking hard work and long hours should apply for this job.” which statement expresses the same idea? You should not apply for this job unless you seek hard work and long hours If you seek hard work and long hours, you should apply for this job You should not seek hard work and long hours except by applying for this job if you apply for this job, you should seek hard work and long hours.

What is the contra proferentum rule and how does this apply to exclusion clauses? Which of the following is correct?     The contra proferentum rule applies so that an exclusion clause is always interpreted by a court against the party relying on it     The contra proferentum rule basically means that an exclusion clause is contrary to the interests of consumers and therefore unenforceable as a term     Contra proferentum refers to the ability of consumer law to set a contrary term to that of the parties within a contract     The contra proferentum rule means that the party relying on the exclusion clause must be able to prove that the other party agreed to it, otherwise it is not enforceable

Casey is on trial under criminal allegations that she engaged in fraudulent behavior at the company she manages. She is worried when the plaintiff alleges that it has "unambiguous proof" that Casey is guilty. Which of the following is most likely true?     If the plaintiff provides proof only up to the level of "clear and convincing," Casey can still be acquitted.   Casey need not worry about the plaintiff's evidence, since parties tend to boast about the level of proof they can establish anyway.   If the plaintiff meets a "clear and convincing" burden of proof, Casey will be found guilty.   The plaintiff will most likely prove Casey is guilty, since criminal charges only need to meet a prima facie burden of proof.

Johnson and JohnsonThe company introduced various product safety, ingredient safety and product quality and safetymeasures to prevent the repetition of such an event. These measures are indicated in the sectionsthat follow:Product SafetyAs far as product safety is concerned, J&J ensures that every product that the company sells mustmeet their high standards of quality, safety and efficacy. Safety professionals at J&J companiesconduct through safety assessments as part of the detailed testing of quality, safety and effectivenessbefore any new product is introduced to the market. These professionals make assessments of eachraw material, to identify safe and effective ingredients, and the finished product, to ensure it worksthe way that it is intended to work. J&J also assesses their products after they have reached theirmarket in order to identify any safety issue that may occur.Ingredient safetyThe J&J companies buy and manufacture an array of raw materials, active…