What are some of the concerns lily should have

Assignment Help Business Law and Ethics

Reference no: EM133322410

Case:

1) Slate Financial sends Marco a cease-and-desist letter claiming Marco's new crypto currency SF infringed their trademark. What would Slate Financial have to prove to support a successful claim?

2) Name and explain two different remedies Slate Financial can seek in court if they are successful in a court case?

3) You work for EZ Financial who give loans to people with bad credit so that they can purchase a car or finance a home renovation. Lily wanted to purchase a 2018 Hyundai Roo, that had 37,000 km on it. The loan was for $22,000 and Lily was to pay $218.93 bi-weekly for 5 years (60 months) at 5.5% interest.

4) After about 6 months Lily lost her job and was unable to pay the loan. EZ Financial wished to repossess the vehicle. What must EZ Financial prove to be able to get the car back?

5) Since Lily has not been employed, she has not paid her rent in 3 months and owes her landlord $3,000. Lily's landlord wishes to take seize Lily's car that is sitting in the driveway and sell it to cover the outstanding rent? Can the landlord seize the car?

6) Lily decided to not wait to get a job and started baking and selling homemade pies and cakes from her home. She is able to sell about 10-15 deserts every week and is able to start paying her outstanding debts. She believes she has nothing to worry about if she just sells 10-15 deserts each week.

Question: What are some of the concerns Lily should have as a small business owner and possible claims against her?

Reference no: EM133322410

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