Business Law Midterm - 1264 Words

Midterm Responses Question 1: The issue here is whether Brian Logan was required to pay the $20 fee for the seminar to cover the cost of the handbook to Expert Investments Corp (EIC). Was an agreement ever made between the two parties (Brian and EIC)? A contract requires 1) an agreement, 2) consideration, 3) legality, and 4) capacity. An agreement is made when there is an offer with the intent to be bound by the offer, reasonably definite terms, and communication of offer to offeree by offeror. The offer could be terminated either by revocation, rejection, expiration, or operation of law. Brian can argue that there was no agreement to begin with, and thus there was no contract. There was no offer made (the advertisement in the†¦show more content†¦In addition, the sale of tobacco cigarettes has not been banned, so the Department cannot adopt a ban of a product that tobacco cigarettes when the original product this ban is modeled after (tobacco cigarettes) has not been banned. Conclusion: The regulation to prohibit the sale of e-cigarettes in the U.S. is unconstitutional since it violates substantive due process under the 5th amendment. Question 3: While it is unlawful for users to disclose on Facebook the identities of the murder victim and the suspects because of their age, many users might see it as unethical not to disclose such information. Society has a right to know that such a crime has occurred, the victim be allowed to be honored, and the murderers (though innocent until proven guilty) should be disclosed so that the public may be aware for safety reasons. Facebook is showing compassion if it is aware of and concerned about other people’s feelings in allowing such postings and discussions to occur on its website. It is also valuing integrity and responsibility. It wants to be seen as a trustworthy and honest website that discloses the truth. However, while it may be fair to users to be able to post and view posts like these, it may be seen as unfair to the murder victim and the suspects. Perhaps the murder victim may want privacy during this time of need. Also, the suspects may want the opport unity toShow MoreRelatedBusiness Law Midterm4536 Words   |  19 PagesBusiness Law II Exam I Review ____ 1. As part of a loan to pay for improvements to her restaurant, Courtney executes a negotiable instrument in favor of Tim. They are the only parties to the instrument. A negotiable instrument that has only two parties is The promissory note is the simplest form of commercial paper; it is simply a promise to pay money. 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