Describe how application of principles of law to key facts

Assignment Help Financial Management
Reference no: EM13882074

You must describe how application of the principles of law to the key facts supports your determination of the issues. You need to show the reasoning behind your decision. Factual Scenario: In 1972, Congress enacted a federal statute, called the Ports and Waterways Safety Act that established uniform standards for the operation of boats on inland waterways in the United States. The act coordinated its provisions with those of foreign countries so that there was a uniform body of international rules that applied to vessels that traveled between countries. Pursuant to the act, a federal rule was adopted that regulated the design, length, and size of oil tankers, some of which traveled the waters of the Puget Sound area in the state of Washington. Oil tankers from various places entered Puget Sound to bring crude oil to refineries located in Washington. In 1975, the state of Washington enacted a statute that established different designs, smaller lengths, and smaller sizes for oil tankers serving Puget Sound than allowed by the federal law. Oil tankers used by the Atlantic Richfield Company (ARCO) to bring oil into Puget Sound met the federal standards but not the state standards. ARCO sued to have the state statute declared unconstitutional. Discuss who wins, and why?

Reference no: EM13882074

Questions Cloud

What overall conclusion do you draw : Take the averages of each of the estimated β coef?cients and relate them to the true val- ues of these coef?cients given above. What overall conclusion do you draw?
Requires an initial fixed asset investment : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.4 million. The fixed asset falls into the three-year MACRS class
Evaluate economics of proposal using modified bc analysis : Evaluate the economics of the proposal using (a) the modified B/C analysis from the State of Georgia perspective and (b) the profitability index from the Young corporate viewpoint in which disbenefi ts are not included.
Corresponding number of actual plates : A continuous distillation unit, consisting of a perforated-tray column together with a partial reboiler and a total condenser, is to be designed to operate at atmospheric pressure to separate ethanol and water. The feed, which is introduced into t..
Describe how application of principles of law to key facts : You must describe how application of the principles of law to the key facts supports your determination of the issues. You need to show the reasoning behind your decision. Oil tankers used by the Atlantic Richfield Company (ARCO) to bring oil into Pu..
What is subtracted from sales to arrive at net sales? : What is subtracted from sales to arrive at net sales?
What steps can she take to overcome the challenges : Considering what you have learned about HRs role in mergers, what do you think will be Ewers biggest challenge? What steps can she take to overcome the challenges
Define the terms recruitment and selection : Define the terms recruitment and selection. How do these processes enable an organisation like Tesco to get the right people to fill its posts
Horizon value at horizon date-when constant growth begins : Goodwin Technologies, a relatively new company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. Goodwin's required rate of return is 11.60%. Find Go..

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd