w6 & w7 Discussions bla

Post ID: 3216358

Overview

PART 1: ** PLEASE PUT IN SEPERATE FILE

The Stone v Ritter case in this week's resource videos talked about a company in which The Business Judgment Rule was applied to avoid liability. For this week's discussion board answer the following questions:

Analyze the provisions of this rule.
How was this rule applied in the Stone case?
Do you agree or disagree with the Court's decision, explain why?
Pick an ethical theory from Chapter 2 - Week 1 and analyze it in conjunction with the issues in this assignment

PLEASE ONLY USE RESOURCES BELOW:

From the following textbook from Saylor Organization Resources The Saylor Foundation -CC BY NC SA Foundations of Business LawLinks to an external site., please read

Chapter 20 - Partnerships - General Characteristics and Formation, pages 694 - 706
Chapter 21 - Partnerships - Operations and Terminations, pages 725 - 752
Chapter 22 - Hybrid Business Forms, pages 773 - 803
Chapter 23 - Corporation - General Characteristics and Formation, pages 807 - 818 and 821 - 827
Chapter 25 - Corporate Powers and Management, pages 878 - 904

From the following textbook from Saylor Organization Resources, The Saylor Foundation -CC BY NC SA Advanced Business Law and the Legal EnvironmentLinks to an external site. please read:

Chapter 5 - Administrative Law, pages 179-195

Please watch the following Law Shelf videos:

PART 2: This week you learned about different chapters of bankruptcy, voluntary and involuntary filings, stays, reorganization of debts, and liquidation of debts. In conjunction with that learning and secured transactions, review the following scenario and answer the questions:

Julie and Ralph have a small mortgage on their home. They have $30000 in equity in the house. Concerned about keeping the equity in their home, Julie and Ralph transferred ownership of the house to her sister. They also have student loans and almost $10,000 of credit card debt. Ralph lost his full-time job 6 months ago and is not eligible for unemployment. Julie works part-time but can't cover all the bills. They have been talking about their options including bankruptcy for the past 4 months.

The credit cards were used to take a nice vacation a month ago ($2000) and buy tools ($8000) that Ralph will use to start their own business sometime in the future. The tools are stored in their garage. They are still paying on their car loan but are 2 months behind on that too.

What options do they have regarding bankruptcy?
How do secured transactions factor into this scenario, if at all?
What is likely to happen if they file bankruptcy?
Consider ethics from Chapter 2 - Week 1 in your decision.

PLEASE ONLY USE RESOURCES BELOW:

From the following textbook from Saylor Organization Resources The Saylor Foundation -CC BY NC SA -Foundations of Business LawLinks to an external site. please read

Chapter 24 - Legal Aspects of Corporate Finance (Section 24.4 Enron and Sarbanes-Oxley Act), pages 858 - 861
Chapter 26 - Securities Regulation, pages 920 - 936
Chapter 28 - Antitrust Law, pages 974 - 992

From the following textbook from Saylor Organization Resources The Saylor Foundation -CC BY NC SA - Advanced Business Law and the Legal EnvironmentLinks to an external site. please read:

Chapter 21 - Bankruptcy, pages 992 - 1012

Please watch the following Law Shelf videos:

** I ALSO NEED SOME HELP WITH SOME RESPONSES FOR 2 STUDENTS PER PART