What is the rule of law in the case

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Reference no: EM133649002

Homework: Business Finance- Accounting

Fane Case Homework

This homework is an opportunity to practice the IRAC method of case analysis. First, review the IRAC method if you need a refresher.

Read the fact pattern below, then answer the questions that follow.

Scott Fane was a CPA licensed to practice in New Jersey and Florida. He built his New Jersey practice by making unsolicited phone calls to executives. Fane was not saying anything false or misleading but was just trying to secure business. When he moved to Florida, the Board of Accountancy there prohibited him (and all CPAs) from personally soliciting new business. Fane sued arguing the regulation by the government agency violated his first amendment rights.

Question A. What is the issue in this case? What question does the court need to answer to resolve the case?

Question B. What is the rule of law in this case? Remember, the rule of law is the legal principle the court relies upon to resolve the issue.

You are now the judge in this case. Read the arguments below and analyze the case.

Argument for Fane: The Florida regulation violates the First Amendment, which protects commercial speech. Fane was not saying anything false or misleading but was just trying to secure business. This is an unreasonable regulation, designed to keep newcomers out of the marketplace and maintain steady business and high prices for established CPAs.

Argument for the Florida Board of Accountancy: Commercial speech deserves-and gets-a lower level of protection than other speech. This regulation is a reasonable method of ensuring that the level of CPA work in our state remains high. CPAs who personally solicit clients are obviously in need of business. They are more likely to bend legal and ethical rules to obtain clients and keep them happy and will lower the standards throughout the state. This law is narrowly tailored to support this interest.

Question A. Write your case analysis. (You are going to apply the rule of law to the facts in this case with the goal of coming to an answer to the issue, and a conclusion to the case).

Question B. What is your conclusion? How do you rule your Honor?

Reference no: EM133649002

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