The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 13, Problem 2CT
Summary Introduction
Case summary: Person DT and person MS had formed an university TEI. It sold courses on real estate investing. The attorney general ES alleged that the university was illegal, and that it had committed fraud persistently. A suit was filed against the university in the court. Attorney general ES appealed further after the court dismissed the case.
To find : The result of the case if the courses in real estate investing were offered online.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Greg Smith told us in his speech, why he left Goldman Sachs. One of his reasons was what he described with a situation in a casino. Is it unethical if an investment bank like Goldman Sachs uses the knowledge, that they gain by consulting their clients, to speculate? If you conclude that this is unethical, please support arguments with ethical theories and / or laws in charge.
Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--
Do you believe that the Papa John's CEO's behavior was ethical or unethical? Why? Should the public have taken more of a stance against his actions? If so, what action(s) could the public have taken? If not, give reasons why the public should not involve itself in such situations. Should the government have taken any action in this situation, given that the CEO was making a point against legislation it had introduced? If so, explain the action that you believe
Chapter 13 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Similar questions
- Action that is carried out when the director of a company in the energy sector has decided to invest part of its surplus in an organized stock market, however, this would not be reported to the council and would be passed off as extraordinary expenses. Select one: a.Risk management. b.Corporate crisis. c.corporate fraud. d.Corporate risk.arrow_forwardThe Tyco scandal of 2002 clearly demonstrates that the firm’s moral compass was askew. In the restructure of Tyco, Kozlowski compromised the company’s corporate governance system in positioning his close associates in prominent organizational ranks, thus leaving room for his cohorts to assist and participate in his wrong doing.Kozlowski and some other executives were able to perpetrate crimes of fraud, grand larceny and conspiracy,embezzlement, accounting conflicts of interest, excessive unethical personal spending and other questionable activities, since Tyco was left unprotected by its damaged controls. Authorities accused Kozlowski and Swartz, Tyco’s CFO, of stealing $170 million from Tyco and fraudulently selling an additional $430 million in stock options in 2002. Federal prosecutors cited some of Tyco’s board members, and Kozlowski, for accounting conflict ofinterest and pilfering of Tyco funds for luxurious private spending. According to Insead Knowledge (2012),at the height of…arrow_forwardWidget Corporation is the manufacturer of many popular children’s toys but have seen a great decrease in sales and the board of directors is worried that the business may no longer be viable. The board decides to aggressively sue other toy manufacturers that have likely been infringing on Widget’s intellectual property, enter into a joint venture with a another company to build a new factory to reduce costs, and make large and notable donations to children hospitals as part of a PR campaign to raise the corporation's image. Additionally, the board decides to start manufacturing medical equipment to make up for the projected shortfalls in budget, even though the corporation was formed to make toys. Some shareholders are upset and sue the board of directors. (a) Which of the board’s actions fall into their express power and which are their implied power? Please explain why the actions would be categorized that way. (b) Would the ultra vires doctrine play a role in the shareholders suit…arrow_forward
- Please see and determine if the link for news report below discusses an incompetent physician or dentist and action taken project https://www.google.com/amp/s/amp.theguardian.com/us-news/2022/mar/16/wisconsin-dentist-guilty-damaging-patients-teeth-boost-profits https://www.google.com/amp/s/amp.theguardian.com/us-news/2022/mar/16/wisconsin-dentist-guilty-damaging-patients-teeth-boost-profitsarrow_forwardDescribe the Apple, Inc. v. Fintiv, Inc Case Who Won? Why They Won? Aftermath? Please type the answer.arrow_forwardThe concept of ethics deals with a. right and wrong conduct b. the wrongful act of children c. the financial status of human d. the profitability of a businessarrow_forward
- Perez invented a new type of cellular phone and gave it a unique name. She claims she has the exclusive right to use the name throughout the United States. Is she correct?arrow_forwardIn 2001,Troy Stubblefield, the owner of Shreveport Air Tools, a company that sold equipment for the petroleum, automotive, and construction industries, was prompted to create an online business when he lost one of his major customers to an early online retailer. Online retailing was a new and risky prospect at the time, but Troy was an early adopter of the business model. Lacking the necessary technical skills to create an e-commerce website, he turned to his son Ryan, who set up the first ToolTopia.com site. Relatively soon afterward, they realized their best option was to function as an affiliate, which meant they processed orders and askedb their suppliers to actually fill the orders. The Stubblefields needed people with technology and sales skills to grow ToolTopia.com and eventually they replaced their part-time help with a combination of full-time and part time employees. As the company grew, it also become a virtual workplace, with employees working from various locations and…arrow_forwardSue is a fifty-five year old employee of company A. Her children are out of college and her parents have both died. Company A offers a child care program to all employees along with an elder care program. However, Sue, like many other employees, has no need for these services, neither now or in the future. Should the firm retain these programs? Should alternative benefits for employees who have no use for such services be offered?arrow_forward
- In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…arrow_forwardIn 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…arrow_forward_______ Some AIG executives were aware of thefinancial problems the company was facingand yet failed to reveal this information to thepublic.These actions taken by AIG executives werea. moral.b. normal.c. in the best interests of shareholders.d. unethical.e. in the best interests of the employees.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education