User Account

All Pages

Identify and explain or define the applicable rule

Assignment Help Business Law and Ethics
Reference no: EM13888012

Odogwu Casino, Inc.
Racquel and Danielle were shareholders in Odogwu Casino, Inc., which operated a casino in West Baltimore.

Racquel owned 51 percent of the stock and Danielle owned 49 percent. Danielle managed the casino, which

Racquel typically visited once a week. At the end of 2013, an accounting audit showed that the cash on hand was less than the amount posted in the casino's books. Later, more shortfalls were discovered. In December 2014,

Racquel, and her team of accountants, did a complete audit. Danielle was unable to account for $1,650,230 in missing cash. Racquel then kept all of the casino's most recent profits, including Danielle's $980,909 share.

And, without telling Danielle, Racquel sold the casino for $5,400,000 and kept all of the proceeds. Discuss.

I. The presentation of your paper shall adhere to the following structure:

a. Issue - Identify the issue(s) (Each issue must have its own IRAC)

b. Rule - Identify and explain/define the applicable rule(s), term(s), or concept(s)

c. Analysis - Apply the applicable rule, term, or concept to the facts. And, present arguments for both sides.

d. Conclusion - Pick one side and give a conclusion.

Reference no: EM13888012

Questions Cloud

Assignment on agency processes : Assignment on Agency Processes
Is there scope for risk sharing between countries : Is there scope for risk sharing between countries? Describe exactly how this might work. With which country should country A look to share risk?
What sources of conflict exist in this organization? : What sources of conflict exist in this organization? How is conflict managed?
Calculate the change in the weighted distance : 1.Baker Machine Company Is a Job shop that specializes in precision parts for firms in the aerospace industry.
Identify and explain or define the applicable rule : The presentation of your paper shall adhere to the following structure: Issue - Identify the issue(s) (Each issue must have its own IRAC) Rule - Identify and explain/define the applicable rule(s), term(s), or concept(s)
Prepare a variance report for the purchasing department : Prepare a variance report for the purchasing department with the following columns. Prepare a variance report for the production department with the following columns.
What is relationship between exchange and interest rates : This morning the exchange rate between the United States of Albion dollar and the Republic of Oz dollar was 1.50:1 and interest rates in both countries were 6%. If the market thinks that later today the Republic of Oz will raise interest rates..
Financing and securities laws and regulations : The implications and requirements associated with obtaining the additional $90,000 in terms of equity or debt financing and securities laws and regulations
How would you describe the purpose of the bill of rights : How would you describe the purpose of the Bill of Rights at the time the U.S. Constitution was drafted and today

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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