User Account

All Pages

Explain the potential personal liability to acme fireworks

Assignment Help Business Law and Ethics
Reference no: EM131745842

Assignment

Paper Proposal

Review the assignment instructions for the Final Paper in Week Five. Submit an outline for your Final Paper that includes the following:

- Develop an introduction with a thesis statement for the Final Paper.
- Create an outline of the major headings with a two- to three-sentence description of what you will discuss under each heading.
- Provide a references page for the sources used in the Final Paper

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner's garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and a price per display was agreed upon. It was discussed that most of the cost for a fireworks display is for skilled labor, insurance, and the actual service of setting off the fireworks. No other details were discussed. The owner is anticipating that new employees will need to be hired, but he is worried that if the large orders for fireworks displays do not continue, the company will not have the funds to pay the new employees. The owner is now considering changing the business entity, but he does not know what entity to form or how to form it.

The owner has asked you to do the following:

- Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.

- Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract.

- Explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display.

- Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.

- Explain why Acme Fireworks should not operate as a sole proprietorship. Recommend a new business entity, and provide rationale to support your recommendation.

Verified Expert

Being the manager of acme Fireworks I have been asked by the owner whether the contracts with the companies should be governed by UCC or common Law. Whether the company should form a contract with businesses. I evaluate the five essential elements for an enforceable contract. As business is growing, to meet client expectations and provide them excellent service, it’s my job to ensure minimum personal injury in terms of liability. I have also discussed different employment types and relationships which are relevant to form an agency law

Reference no: EM131745842

Questions Cloud

The cost of administration of the new agency : The Department of Homeland Security, created in 2002, created the second largest government agency in the country .
Seasons of national football league games : Football 2006. During the 2006 season, the home team won 136 of the 240 regular-season National Football League games. Is this strong evidence of a home field.
What is the value-added time for this process : What is the throughput time? What is the value-added time for this process? What is the percent value-added time?
Discuss bonds are issued to yield the market interest rate : How can i solve the fallowing question without using the pv function in excel
Explain the potential personal liability to acme fireworks : Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why - Explain the potential
Write a short report for your manager : Write a short report for your manager explaining what this means, and make a recommendation on whether or not this study should be run
Determine the launch of an online edition : WebZine. A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it's convinced that more than 25% of current readers.
Accountant that has been hired to find fraud at a company : forensic accountant that has been hired to find fraud at a company. Senior management states they suspect there is fraudulent activity present
Design an environmental management system : Design an environmental management system (EMS) for any organization’s Logistics System.

Reviews

inf1745842

4/17/2018 6:26:24 AM

Thanks for clearing my doubt regarding the plagiarism. Sorry I was not aware that the maximum of the plagiarism is coming because of the question posted above each solution. Secondly, there are few terms taken from the case and questions in the solution which are showing plagiarism which cannot be changed, as they are legal terms. The Introduction is all about the case and questions answered in the solution which but obvious includes the terms and phrases of the case, that's why it is showing plagiarism. Thanks a lot for all of your clarification, I am okay with the solution. thanks team.

Write a Review

Business Law and Ethics Questions & Answers

  Pros and cons for allowing golf carts to use public roads

Using the state of Arizona, Florida, or your own state, find a state or other local ordinance that specifically permits or prohibits the use of LSVs on public roads and explain the provisions of the regulation. Discuss the pros and cons for allowing ..

  Draft the preliminary details of a research proposal

A research report is all about selling your idea to those finding it valuable and worthwhile. One way to retain the attention of the intended audience is to ensure the research report at least is as valid and reliable as the research allows it to..

  Processes of forming a judgment

Think about the processes of forming a judgment and persuading others in your professional environment. Construct a 2- to 3-paragraph essay intended to persuade someone to agree with your position on a particular topic. Be sure to identify the top..

  Why you chose that particular program and individual

Contact the program or individual, and explain that you want to conduct an informational interview for your class assignment. Then schedule the interview.

  Explain interest in the accounting systems

Contact several small businesses and explain your interest in their accounting systems. Report to the class on their level of sophistication for example.

  Describing your personal perception of policy-making

Write a 700- to 1,050-word paper, describing your personal perception of policy-making in criminal justice. Identify any assumptions on which your perceptions are based. Be sure to answer the following questions: How would you describe policy-makin..

  Should federal government be more involved in criminal law

The Controlled Substance Act, a federal law, doesn't permit marijuana sale and usage. Does legalizing marijuana in states mean that state law trumps federal law? If not, how do states pass these laws? Should federal government be more involved in ..

  Main sources of ethical standards

Fair pay, respect for persons, and faithfully kept promises are characteristics of social responsibility to, According to your text, our main sources of ethical standards are religion and

  Which of the given debts were completely discharged

A debtor went through bankruptcy and received his discharge. Which of the following debts were completely discharged, and which remain as future debts against him?

  Resolution and resiliation in the cancellation of contracts

What's the difference between Resolution and Resiliation in the cancellation of contracts?

  Analysis of the content you read for the unit and the irs

Utilizing critical thinking skills, analysis of the content you read for the Unit and the IRS' self-employed guidelines, compare and contrast the following cases on Independent Contractors.

  Advise livestock brokers as to the rights

LAW 101 - Advise Mojo Beverage, explaining applicable legal principles and citing relevant authorities and Advise Livestock Brokers as to the rights

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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