Will either ellen or john have to sign over the house

Assignment Help Business Law and Ethics
Reference no: EM13764878

Bart is the new CEO of Firm co. His salary is 1 million dollars per year. He had to sign a contract with Firm Co. a publishing company which specializes in children's books. The contract includes a morality clause which states in part, "Bart agrees not to engage in conduct which will negatively impact the family friendly image of Firm Co. as a condition of his employment" The contract further read "If Bart is every convicted of a misdemeanor or felony he will be considered in violation of the Morality clause in this contract." One night Bart agreed to an interview with the editor of the Wall Street Journal. During the interview Bart made a comment that he thought was off the record. Bart said, "I have no idea how I made it to CEO at this company, I really do not like kids and will never have any..."

The next day the headline in the Wall Street Journal was "CEO of Firm Co. Doesn't like Children!" The next day Bart was informed by his company that he was being discharged for violation of the morality clause in his contract. Bart proceeded to contact a lawyer to see if he can sue Firm Co. and the Wall Street Journal.
Explain Bart's possible legal claims and the defenses available to the parties. Please include and define all applicable legal terms and definitions in your answer.

Janet sold her restaurant to Kevin Katz for $50,000. The assets of the business included all of the cooking equipment, dinner tables and chairs as well as customer list. The liabilities included the amounts still owing on the new walk in freezer which was also considered collateral for the secured loan to the Bank in the amount of $10,000.00

As part of the sale contract Katz agreed to indemnify Janet on the outstanding debts of the Restaurant. After six months Katz failed to make an installment payment on the Freezer loan when it was due. The Bank sued Jones. Jones claimed she no longer was liable. Katz a few weeks later closed the restaurant because he could not afford to continue operations.

Janet failed to incorporate her restaurant. She owns a house and a car which are paid for.
She has sent a letter to Katz asking him to honor his agreement to indemnify her as to the Bank. What are the rights and duties of Janet? Will she lose her house? Please include and define all applicable legal terms and definitions in your answer.

On January 1, 2013, Bill was diagnosed with cancer. At the time of his diagnosis, Bill owed $30,000 in credit card debt, and owned his house outright with no mortgage. His house was appraised at the time as being worth $250,000.

Bill's daughter Ellen, hearing about Bill's condition and worried a hospital would try to attach the house had Bill name her Power of Attorney. Her first act as Bill Power of Attorney was to deed Bill's house to her Son John. John did not give Ellen any money in return for the deed to the house.

Bill passed away on May 1, 2013, after accumulating $60,000 of bills to the hospice center. When approached to pay the bill, Ellen stated to the hospice center that she has no obligation to pay the bill and Bill at the time of death did not even own a house.

Please describe the legal issued involved. Please detail whether or not the hospice care facility can recover their debt and if so from whom? Will Either Ellen or John have to sign over the house to the Hospice center?

Reference no: EM13764878

Questions Cloud

What is the difference between the two statements : What is the difference between the following two statements?
Consolidated annual financial statements : What are the main components of Zain "Consolidated annual financial statements and independent auditor's report 31 December 2013"?And Zain financial statements are prepared in conformity with which standards?
Cloud technology and virtualization : With the merger of your company with a multinational company, you have come to realize that progressive solutions are necessary to defray some of the associated information technology costs
Review the data analysis and consider the coding activities : Review the data analysis and consider the coding activities you have engaged. Consider the kinds of data that would be generated through the data collection techniques anticipated for your qualitative research plan.
Will either ellen or john have to sign over the house : Please describe the legal issued involved. Please detail whether or not the hospice care facility can recover their debt and if so from whom? Will Either Ellen or John have to sign over the house to the Hospice center
Calculate the price of the bond : Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer. What other factors may influence the value of a bond?
Audit planning and control : It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit.
Problem related to carbon footprint : Examine how you impact the environment. Do you think you impact the environment more than you should?
Analyze the importance of competitive intelligence : Analyze the importance of competitive intelligence and analysis in regards to the development of Kudler Fine Food's marketing strategy and tactics.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd