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BMGT 380 – BUSINESS LAW 3

BUSINESS LAW 3 questions!Answer each question in complete paragraphs; do not list or answer in phrases. None of these questions can be adequately/comprehensively answered in just a paragraph, so be comprehensive, in depth in your answers, but be careful to not include irrelevant information.Points will be deducted for answers that are not well justified, not sufficiently comprehensive.Use APA in text citations, as appropriate but please do not use direct quotes. Use only classroom notes/comment and assigned reading or watching materials as resources, which is all you need to complete the exam.Answer all parts of each question. Be sure to directly answer the question(s) asked.6. 6 ptsFifty CPAs together want to form a new firm. They want to use a business organization form that will provide each of the 50 owners of the new firm with limited liability. Analyze and describe the business form(s) that will provide the new owners with limited liability.7. 7 ptsAhmed, who is not a merchant, made a verbal offer to sell his TV to Sallie for $300. A few hours later, Sallie telephoned Ahmed and left a voicemail message stating, “I accept your offer to buy your TV, and will pay you $275 for it. I will come to your house today to pick it up.” Sallie arrived to pick up the TV and Ahmed refused to sell it to her.How you would categorize and describe the agreement between Ahmed and Sallie?8. 7 ptsSam wrote a letter to Julia’s Lawn Service stating, “I will pay you $600 if you will remove the 3 elm trees from my front lawn not later than September 1.” On August 29, Julia removed the 3 elm trees from Sam’s front lawn. Sam refused to pay Julia; he claimed that they did not form a valid, enforceable contract because Julia did not respond in writing to his letter. Julia sued Sam for breach of contract.Describe your conclusions about the likely outcome of the lawsuit.

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