Explain why acme fireworks should not operate

Assignment Help Business Law and Ethics

Reference no: EM133194786 , Length: 8 pages

Question 1: Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.

Question 2: Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract.

Question 3: Explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display.

Question 4: Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.

Question 5: Explain why Acme Fireworks should not operate as a sole proprietorship. Recommend a new business entity, and provide rationale to support your recommendation.

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.

Reference no: EM133194786

Questions Cloud

Identify why countries engage in trade wars : BUSI 18 Foothill College - Recognizing how trade agreements and treaties facilitate international trade - Identify why countries engage in trade wars

Describe the evidentiary value of four major testing process : CRJ 311 ashford university. Describe types of scientific testing conducted by crime laboratories. Describe evidentiary value of testing processes identified.

Researchers in the area of human sexuality : PSY 7310 Capella University Most researchers in the area of human sexuality believe that human sexual orientation is largely biologically determined and not a m

Explain how climate change reveals human vulnerability : Investigate and explain how Climate Change reveals human vulnerability to our environment. Explain how the following human aspects relate to Climate Change.

Explain why acme fireworks should not operate : BUS 311 ashford university - Explain why Acme Fireworks should not operate as a sole proprietorship. Recommend a new business entity, and provide rationale

Obsessive-compulsive and related disorders : PCN 605 Grand Canyon University

What biases did the researchers identify in the study : You will use this same study for this week's assignment. What biases did the researchers identify in the study? What other biases did you identify

GDSS can increase some benefits of collaboration : University of the Cumberlands-Explain how GDSS can increase some benefits of collaboration and decision making in groups and eliminate or reduce some losses.

Psychotherapy in combination with medication : PCN 605 Grand Canyon University Medication alone is not as successful in treating anxiety disorders as psychotherapy in combination with medication.

User Account

All Pages