The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 4RE
Summary Introduction
Case summary: Two persons, T and X had designed and manufactured a software, Hallowed for a videogame with the help of their friend, B. But before the launch of this software, a new videogame, halo 2, was released. The look, feel and source code of the two products are same.
To find: Type of intellectual property infringement.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River Pilots Inc. (CRP) and is married to Patricia, who is 35 years old. They have a seven-year-old son, named River. CRP sponsors a 401(k) plan that offers a Roth account and a separate ESOP. Chad has the following retirement plan accounts:
Account Description
Current FMV
Beneficiary
ESOP account from CRP – consists of CRP shares. The cost basis for the shares is $75,000.
$400,000
Patricia
401 (k) Plan From CRP Inc.
$800,000
Patricia
401 (k) Plan from Schlumberger, where he worked in his thirties
$90,000
Patricia
Roth IRA (established in 2000 with a $2000 initial contribution; three years ago he rolled over a traditional IRA with a balance of $10,000
$45,000
Patricia
Traditional IRA (established twenty years ago with $15,000 of after-tax contributions)…
John is now in trouble for not listening to Susan's instructions. She is threatening to suspend him for disobedience. John thinks
he did the right thing and now is tempted to make his findings public. The CEO is concerned that if this information comes out,
the company will be disgraced and they may lose revenue, which could result in subcontractors and employees losing their
jobs. He is also worried that if they stop using Vail as a supplier, they may not be able to continue their philanthropic
endeavors.
Step 2: Complete the Ethics/Social Responsibility Case Study Paper
The purpose of this paper is to evaluate ethical dilemmas and formulate a defensible resolution. You should support your
resolution based on your understanding of rules for ethical decision-making and reflection of your own academic and civic life.
Reference a minimum of three scholarly journals, as well as the competency readings. You should clearly identify the
stakeholders and assess how the business dilemma…
Ruby is a homeowner with a mortgage loan.
She's been missing payments, and recently
received a notice from her lender that her loan is
in default, and she will be required to pay the
entire remaining balance or face foreclosure.
What clause in her mortgage contract gave her
lender the right to do this?
defeasance clause
prepayment penalty clause
acceleration clause
due on sale clause
Chapter 8 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Similar questions
- Fiona has been offered a job as a marketing representative in a prestigious cosmetics firm called Beauty R Us. However, one week before she is to start her new job (and two weeks after she gave notice to her current employer) she receives a phone call from Beauty R Us stating that it has to withdraw its job offer. The firm tells Fiona that it just found out that she is a high-profile activist for an animal rights group and some of its customers (such as those who sell fur coats) would be extremely uncomfortable dealing with her as a Beauty R Us marketing representative. Fiona is very upset and wants to know what her legal rights are in this situation. Advise her. Explain your answer.arrow_forwardThe Acme Electric Company worked day and night to develop a new current regulator designed to cut the electric power consumption in aluminum plants by 35%. They knew that, although the competition was fierce, their regulator could be produced more cheaply, was more reliable, and worked more efficiently than the competitors’ products. The owner, eager to capture the market, personally but somewhat hastily put together a 120-page proposal to the three major aluminum manufacturers, recommending that their regulators be installed at all company plants. She devoted the first 87 pages of the proposal to the mathematical theory and engineering design behind his new regulator, and the next 32 to descriptions of the new assembly line she planned to set up to produce regulators quickly. Buried in an appendix were the test results that compared her regulator’s performance with present models, and a poorly drawn graph showed how much the dollar savings would be. Acme Electric didn’t get the…arrow_forwardRead the following scenario and answer the question in 5–10 sentences. Fred and Frank have been operating a seasonal outdoor maintenance and landscaping business for the last three years under the name F & F Maintenance. There was no written partnership agreement. During the nonoperational winter months, Fred spends his time in Costa Rica, while Frank stays in town. In January, Frank was approached by an existing customer with a request that F & F build and install a bleacher stadium and football field for the local middle school. Frank advised the customer that, while he had no direct experience with this type of project, he was sure that he could subcontract any work that was needed. Neither Frank nor Fred had any previous experience as a general contractor. Experience aside, Frank signed a contract to complete the project for $200,000, taking a down payment of $50,000 with the remaining amount to be paid after passing inspection. At the inspection, the inspector determined…arrow_forward
- A few days before the end of the term of a two-year NDA (non-disclosure agreement) he signed with a startup company related to a possible patent, Frank interviewed with another startup and divulged information covered by the agreement. The interview had been scheduled for a week later, in which case it wouldn't have been an issue, but had been moved up when another job applicant dropped out and the company had an opening for an earlier interview. Frank reasoned that he had met the spirit of the NDA, and a few days early wouldn't really matter. Besides, as it turned out, the company he interviewed with wasn't interested in that information, although they did hire him. What would have been done to make it right by Frank?arrow_forwardRuby is a homeowner with a mortgage loan. She's been missing payments, and recently received a notice from her lender that her loan is in default, and she will be required today the entire remaining balance or face foreclosure. What clause in her mortgage contract gave her lender the right to do this? prepayment penalty clause acceleration clause due on sale clause defeasance clausearrow_forwardhelparrow_forward
- Please explain what a noncompetition agreement is. Explain what makes a noncompetition agreement not enforceable. Explain the business interests sought to be protected by noncompetition agreements. Think of an example where a business could protect these interests without saying an employee cannot work for a competitor.arrow_forwardMr. Nawa Maboshe is a minority shareholder in a company that recently built a clinic for a community in Lusaka that is ten kilometers from the nearest hospital. At a handover ceremony of the clinic to the people of Zambia, the government of Zambia commended and thanked the company for its gesture of corporate social responsibility. However, Mr. Maboshe plans to introduce a motion at the company’s next annual meeting to censure management for spending money on a project that did not advance the economic value of shareholders.REQUIRED:a) What is the relationship between strategy and corporate social responsibility?b) Discuss any THREE (3) reasons why a firm might engage in corporate social responsibility.arrow_forwardHello! In the case study you referenced, John is trying to sell his bike, and Emily is willing to buy it. John put up a $2,000 advertisement on the internet. When Emily reached out to him with an offer of $1,600 for the bike, John responded with a bid of $1,800. John chose to sell the bike to Michael instead after receiving a higher offer of $2,200 from another person. Emily believes she had a legitimate contract with John and was informed later. To analyze this situation, one must look at the rules of offer and acceptance. John's advertisement in this case appears to be an invitation to treat, as it solicits offers from prospective buyers. Explanation: John countered with a new offer of $1,800, which can be seen as a rejection of Emily's first offer of $1,600, which Emily had made. This can be seen as Emily accepting John's invitation. please indentify the relevant issue? Explanation of the appropriate regulatory and governance frameworks? Analysis of the frameworks to the particular…arrow_forward
- Martina and Andrew are friends. They both have a keen interest in technology. They decide to form a business to pursue various technology projects, and decide that a company will be the best business structure to adopt. They establish Apricot Pty Ltd. Martina and Andrew are its only shareholders, and they are also its only directors. Martina takes a much more active role in managing the company than Andrew. Andrew relies heavily upon Martine to provide him with information about the company, particularly in relation to its finances, and its dealings with other companies. Andrew does not himself investigate the finances or transactions of Apricot Pty Ltd, other than by relying on Martina to provide him with this information. In June 2017, Martina arranges for Apricot Pty Ltd to purchase a very large quantity of electronics components. The components are acquired from ErinElectronics Pty Ltd, a company that Martina has a significant shareholding in. The transaction generates significant…arrow_forwardAshlyn and Yang both work for The Paper Supply Co., a small paper company with 45 employees in St. Louis, Missouri. They adopt a child and decide to split childcare duties, with Ashlyn taking the first 12 weeks off and then Yang taking 12 weeks off to care for the baby. The Paper Supply Co. approves Ashlyn's leave but not Yang's. Which of the following is true under the Family Medical Leave Act (FMLA)? Neither Yang nor Ashlyn is entitled to 12 weeks of leave under the FMLA. O Only Ashlyn is entitled to 12 weeks of leave to care for the new child under the FMLA. Either Yang or Ashlyn, but not both, is entitled to 12 weeks of leave under the FMLA. O Both Yang and Ashlyn are entitled to 12 weeks of unpaid leave each year for childbirth or adoption under the FMLA.arrow_forwardAssume that adulterating Magentum is a strict liability crime and a tort. Which of the following will most likely occur? The government will bring charges against the businesses for the strict liability crime and individuals injured by drinking the adulterated Magentum will bring tort suits. The government will file assault and battery charges against the businesses. The government will bring criminal assault charges against the businesses, push for punitive damages, and sue the business owners for torts. Individuals will press charges against the businesses for attempted manslaughter.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 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