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 16, Problem 2CT
Summary Introduction
Case summary: Person S bought a hotel H for a 20-year lease. Person S entered into a joint venture with person M. Person M managed the necessary funds and person S managed the business. The person G near the termination of lease approached S to redevelop the property. S signed a new lease in his individual capacity. S did not disclose the new lease to M. M learned about the deal and he filed a suit in court against S.
To find: The result in the case where person S had disclosed the proposal of person G to person M.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Mr. Chan works in Malaysia but is a citizen of Singapore where his company is organized andheadquartered. Mr. Chan is an expatriate, who is a citizen of the company's home countryworking in a foreign country. Ms. Hamidah is Mr. Chan's executive secretary in Malaysia, butunlike Mr. Chan, she is a citizen of Malaysia and is considered a host-country national. Sheis an employee hired by a foreign company to work in her own country. Mr. Alex works for thesame company as Mr. Chan and Ms. Hamidah in Malaysia, but he is an Australian. Anemployee like Mr. Alex who is a citizen of one country but works in another country for acompany that is headquartered in a third country, is called a third-country national. Mr.Chan, Ms. Hamidah, and Mr. Alex are examples of MNC’s staffing approach. MNCs facedifferent challenges with employee selection leading them to use certain staffing approaches.The international HR department must have an innovative idea about the skills and availabilityof human…
Which of the following represents an agency relationship?
1)
Horace wants to sell his farm and hires Marcie as his realtor. The two agree that if Marcie finds a buyer for the farm at Horace's price, then Horace will pay Marcie 7% of the price he receives.
2)
Bob dies and leaves his assets in a trust for his minor child, Lilly. In the trust, Bob appoints Reggie as the trustee to act for Lilly's benefit. Since Reggie has a fiduciary duty to Lilly as trustee, Reggie is Lilly's agent.
3)
Lucy contracts to sell her car to Tony for $5,000. Tony purchases the car only to find it not in the condition that Lucy described it. Tony is claiming that Lucy violated her fiduciary duty to him as his agent under the agreement.
4)
Hunt is an attorney of questionable ethics. Roger, one of Hunt's clients, is arrested for DUI, but appears to be too intoxicated to consent to a breath test. Hunt is contacted by…
Zuhair, section associate in Almadar company has found the fraud done by one of his colleagues in his section. In this situation, which of the following option is appropriated initial action of Mr. Zuhair to do if he does whistleblowing?
a.
Discuss the issue with the family as they may be affected
b.
Leave the company
c.
Approach immediate manager and make the manager aware of the issue
d.
Go outside the company and discuss with the media
Chapter 16 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Similar questions
- Ganny has an idea and hires a photographer to execute his idea, Ganny pays for his or her expenses including models, film, processing, assistants, and special equipment, Does the copyright belong to Ganny? Explain your answer.arrow_forward1. Should George have accepted the listing? George states, “I am not discriminating. The owners are the guilty party.” Can george filter potential buyers by credit score? By race? 2. Now that George has accepted the listing, could he be guilty of fair housing violations by association? Could he be innocent because he is only “following orders”?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
- Trusted EmployeeFine Works Pavers hired Sharp as a part-time bookkeeper in December 2005, and the owner was so pleased with her performance that he offered her a full-time position the next year. John Travolta, the owner of Fine Works Pavers, grew up on a farm. He did not attend college but had a knack for business. His construction company had grown tremendously when the economy was booming.Over the years, he purchased and sold several businesses, and “as a result, he controlled approximately a dozen companies, each with their own financials in an enterprise that grossed $25 million a year.”Sharp was a trusted employee and soon was overseeing the finances of four companies. However, Sharp was having difficulty paying the rent and fearing eviction, she stole her first $750 from her employer, and no one noticed. From there, it escalated. She started small, but by 2009 she had taken nearly $460,000. She would come to work dressed as she always had and lived in a modest home. Her only…arrow_forwardTrusted EmployeeFine Works Pavers hired Sharp as a part-time bookkeeper in December 2005, and the owner was so pleased with her performance that he offered her a full-time position the next year. John Travolta, the owner of Fine Works Pavers, grew up on a farm. He did not attend college but had a knack for business. His construction company had grown tremendously when the economy was booming.Over the years, he purchased and sold several businesses, and “as a result, he controlled approximately a dozen companies, each with their own financials in an enterprise that grossed $25 million a year.”Sharp was a trusted employee and soon was overseeing the finances of four companies. However, Sharp was having difficulty paying the rent and fearing eviction, she stole her first $750 from her employer, and no one noticed. From there, it escalated. She started small, but by 2009 she had taken nearly $460,000. She would come to work dressed as she always had and lived in a modest home. Her only…arrow_forwardExplain the probable interpretation by an arbitrator of the following language. If management determines that qualifications are relatively equal among applicants’ seniority shall govern. If qualifications are equal, among bidders, seniority shall govern. If qualifications are substantially equal, among bidders, seniority shall govern. If management deems qualifications are equal among bidders, seniority shall govern.arrow_forward
- Answer the question: Ahmed is an employee of Bristol Manufacturing Company. Bristol manufactures plastics, which creates large amounts of toxic waste that must then be disposed of. Ahmed is responsible for making sure this toxic waste is properly disposed of. To cut costs, Ahmed decides to divert the liquid waste into a local stream, instead of properly disposing of it. This is a direct violation of the Clean Water Act, a national law that protects the United States’ waterways. Sanford is the director of the division in which Ahmed works and knows that Ahmed is doing this. When the authorities discover Ahmed’s unlawful actions, can Bristol be held criminally liable? a) Bristol cannot be held criminally liable, even if Sanford knew of Ahmed’s actions. b)Bristol can be held criminally responsible if Sanford knew of Ahmed’s criminal actions.arrow_forwardRavi wanted to buy a property owned my Ramesh, Ravi invited Ramesh to his home to discuss the further course of action. During the discussion Ravi threatens to him to sell that property at a very low price. Under the threat of life Ramesh signs the agreement.Ramesh comes to you to check how the legal framework will help him to over comewith this situation and loss-making deal.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting 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