Fundamental issues in business law involves

Assignment Help Operation Management

Reference no: EM132519045

One of the most fundamental issues in business law involves the question of when a company can be held liable for the acts of an individual person, whether this involves a contractual obligation or a personal injury (meaning a tort). Choose one of the scenarios below and explain whether you think the business is liable for the acts under the principles of agency law.

- A real estate agent hires a handful of local kids to do the landscaping of homes that he is trying to sell. In addition to the general payment, he reimburses them for the cost of gasoline for lawn mowers and other equipment. While mowing a lawn, one of the kids loses control of a lawn mower and it mows down a neighbor's very expensive collection of lawn gnomes.

- In a hurry to get his apartment complex painted, a homeowner hires three people he meets at the local home improvement store to do the work. Since they are not professional painters, he provides all the equipment and paint needed to do the work. While at the apartment complex, one of them breaks into an apartment, assaulting the resident and stealing a wallet.

- An entrepreneur decides to open up his own car-for-hire business and creates an app allowing anyone to connect with people who need a ride. The passengers pay the entrepreneur, who in turn pays a percentage to the driver. Other than the app, the entrepreneur has no involvement between the driver and the passenger. One night, a driver who is intoxicated picks up a passenger and then gets into an accident, resulting in the passenger being severely injured.

Reference no: EM132519045

Questions Cloud

Discuss the requirements that DSI will need to consider : Discuss the requirements that DSI will need to consider in order to conduct remote administration, resource management and SLA management

What are the reaction curves for the two firms : Two firms with differentiated products compete by choosing price. Their demand functions are

Find the outstanding balance at the end of three years : 400 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find outstanding balance at end of 3 years.

Does timothy believe that more is better for each good : a) Does Timothy believe that more is better for each good? b) Does Timothy have a diminishing marginal utility for each good?

Fundamental issues in business law involves : One of the most fundamental issues in business law involves the question of when a company can be held liable for the acts of an individual person,

What are some of the problems or challenges inherent : What is the key difference between financial statement analysis and operating indicator analysis? How are these types of analyses useful to healthcare managers.

Show a plausible indifference curve for luke : On a separate graph, show a plausible indifference curve for Luke such that the two plans are indifferent for Luke.

Prepare journal entries for received payment : Prepare Journal Entries For Received payment of $340,000 on accounts receivable. After receiving the payment, estimated that 4% of the remaining accounts

Project sponsor and customer informed : Your Project Sponsor and customer informed you that you have to deliver your project much sooner than anticipated. When you break the news to your team,

User Account

All Pages