Business Case Studies Assignment

Added on - 18 Sep 2019

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FINAL SUBMISSIONCASE STUDIES 1, 2, AND 3
ContentsCASE STUDY 1........................................................................................................................................................1Types of business entities...............................................................................................................................................1Product liability...............................................................................................................................................................1Agency relationship........................................................................................................................................................2Potential real property issues..........................................................................................................................................2Manufacture....................................................................................................................................................................2Potential personal property issues and liability issues....................................................................................................3Estate planning issues and Transfer ownership..............................................................................................................3CASE STUDY 2........................................................................................................................................................3As against Don................................................................................................................................................................3Church.............................................................................................................................................................................4Civil Claims....................................................................................................................................................................4Bankruptcy......................................................................................................................................................................4Implication of bankruptcy on business asset..................................................................................................................5Implications of bankruptcy on personal assets...............................................................................................................5Infringement of Patent....................................................................................................................................................5CASE STUDY 3........................................................................................................................................................5IPO..................................................................................................................................................................................5Determination.................................................................................................................................................................7Recommendations...........................................................................................................................................................7References.......................................................................................................................................................................9
CASE STUDY 1Types of business entitiesSole Proprietorship, Partnership, and Corporation is the primary business elements. As the namerecommends the Sole Proprietorship is the place where there is a solitary proprietor at risk for allthe business choices and have the sole appropriate to the property, then again, Partnership isbetween at least two people, and is by and large separated into two classes and they are GeneralPartnership and Limited Partnership. General Partnership is one where at least two accompliceshave the obligation to share the administration and is by and by at risk for every one of theobligations, be that as it may, in Limited Partnerships the accomplices are just constrained to thesum they contributed towards the capital and in this sort of organization one accomplice isn'tengaged with the day by day exercises and alternate accomplices acts like the generalaccomplices. The third fundamental business element is, where a different lawful element isshaped and the financial specialists purchases the stocks and the board deals with the business.Product liabilityProduct liability makes the vender or the producer of the item, being held at risk for generationof the inadequate items under the control of the buyers. In this way, the producer is basically incharge of any imperfections with regards to the item. In here, the item Fred's Miracle CoughSyrup have extreme responses if brought with the headache medicine, so this item does not meetthe desires of the purchaser[ CITATION Wil16 \l 1033 ].Agency relationshipAgency is the trustee connection between the key and the specialist. Sam is as of now helpingFred in doing the conveyances, so there is a connection, since when Sam is conveying the item to
the clients i.e. the outsider, he is really going about as an operator to Fred's item, and thisrelationship won't be destroyed if any of the business elements beforehand examined is optedfor[ CITATION Cla09 \l 1033 ].Potential real property issuesAs the landed property is in the family cultivate, so it can be comprehended that it is in the edgesand furthermore it is fixing up to that specific place and the long-separate from the standard cityis the snag which needs consideration.ManufactureIn[ CITATION BOO87 \l 1033 ], the Court held thatat the point when a proprietor acquiresfrom the land, at that point that privilege is a theoretical right and can't be made for move in theCourt of law, yet the results of the land can be the conceivable game-plan if the rights getsencroached there, so in this viewpoint, Fred is fabricating the item to sell and not for individualutilize, so the make of Fred's Miracle Cough Syrup on the family cultivate requires a formalexchange of possession or possessory rights.
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