2023 Reflection and Discussion Forum Week 5 Reflect on the assigned readings for the week Identify what | Assignments Online

2023 Reflection and Discussion Forum Week 5 Reflect on the assigned readings for the week Identify what | Assignments Online

Assignments Online 2023 Business Finance

 

Reflection and Discussion Forum Week 5

Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.

Also, provide a graduate-level response to each of the following questions:

  1. Sly Salesperson sells cars.  While selling a car, Sly Salesperson tells the potential buyer that “this is the best car around.  It’s a great car and sips gas.”  The car has an average fuel rating.  Has Sly Salesperson committed a misrepresentation?  Fraud?  Why or why not?  Does the analysis change if Sly Salesperson says the car get 40 miles per gallon, but in fact the car only gets 30 miles per gallon?
  2. What factors have courts considered when evaluating factual statements versus opinion-based statements?  Could there still be liability for purely opinion-based statements? 
  3. Explain what the Robinson-Patman Act prohibits, what is required to show a violation, and what the defenses are.
  4. Explain the differences in patents, copyrights, and trademarks, including the length of each and examples of each.

[Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion].

 [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

 

Week 5 – Short Essays

Question I – Claire is severely injured in a car accident.  The local hospital cannot treat Claire’s injuries.  In order to survive, Claire must be flown via Helicopter to a hospital in a bordering state.  Prior to boarding the helicopter, Claire signs a contract obligating her to pay for the helicopter flight and all of its expenses.  Claire lives and fully recovers.  However, she is being sued by the helicopter company in the amount of $50,000 for the helicopter transportation and its accompanying expenses.  What is argument Claire could make in order to rescind the agreement?  Does it matter that the helicopter company performed its obligation under the contract?

Question II – Bono is a musician.  He sells his neighbor a gently used lawn mower at a deeply discounted price.  The neighbor is dissatisfied with the performance of the lawn mower.  Can the neighbor sue Bono under the UCC §2-314, the implied warranty of merchantability?  Why or why not?

Question III – If cigarette companies want to work with one another for a common interest, what is one example that would allow the cigarette companies to do so without violating the Sherman Act?  What source of law protects the cigarette companies’ actions?

Question IV – The year is 2012 and the light bulb has not yet been invented.  Thomas Edison and Nikola Tesla are in a bitter feud to see who can bring electricity to the masses first.  In this alternative history, it is indisputable that Tesla invented the lightbulb first.  However, Edison filed his lightbulb patent prior to Tesla.  According to the law in 2012, who holds the patent to the lightbulb?

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