...Business Law Unit 9 Assignment 2 the Case Tammy Julian Kaplan University Business Law LS311 Prof. Starcher November 17, 2013 Business Law Assignment 2 the Case The case of the Langley Brothers, Inc., exempt securities are in question, The Langley Brothers decide to sell no par common stock worth $ 1 million dollars to the public. The stock will only be sold in the state of Kansas. Joseph Langley says that the offering does not need to be registered with the Securities and Exchange Commission. His brother, Harry disagrees. According to the Securities Act of 1933 there are a number of specific securities that are exempt to registration but they must meet certain criteria. These criteria are the securities (1) must be government issued, (2) bank and financial institution securities, (3) short-term notes and drafts, (4) securities of nonprofit, education and charitable organizations, (5) securities issued by common carriers, (6) insurance issued by a state-regulated insurance company, (7) securities issued in a corporate reorganization in which one security is traded for another. (8) Securities issued in stock dividends and stock splits (Miller & Jentz. 8th Ed., 2010 p. 568). The stock that is being sold in this case does not meet any of the criteria. The one criteria that this stock does meet is the intrastate offering Rule 147. Rule 147 states that intrastate transactions involving purely local offerings are exempt transactions (miller & Jentz. 8th Ed...
Words: 303 - Pages: 2
...ITM UNIVERSITY UPARWARA, NEW RAIPUR Syllabus for MASTER OF BUSINESS ADMINISTRATION EFFECTIVE FROM THE SESSION: 2012-2013 Semester –I ITM UNIVERSITY, NEW RAIPUR Master of Business Administration Semester –I List of subject for Academic Session 2012 – 13. Serial No. 1. 2. 3. 4. 5. 6. 7. 8. List of Subjects Principles of Management Managerial Economics Financial Accounting Environment Management Quantitative Techniques Business Legislation Communication Skills- I Computers for Managers ITM UNIVERSITY, RAIPUR Master of Business Administration Subject: Principles of Management Semester-I Unit I Introduction - Nature, function, definition and importance of management, Definition, nature, purpose and scope of management, Functions of a manager, an overview of planning, organizing, staffing leading and controlling. Is management a science or art? Unit II Development of Management Thought - Scientific management; Contribution of Taylor, Fayol, Mary Follet, Elton Mayo; Hawthorne experiments, Contingency approach, Indian heritage in production and consumption. Management and administration, Management as a profession, Professionalism of management in India, Management ethics and management culture, Skills required of manager, Classification of skills, Methods of skills development. Unit III Management Planning - Concept of planning, objectives, Nature, Types of plan, Stages involved in planning, Characteristics of a good plan, Importance, Limitations of planning, Making...
Words: 3209 - Pages: 13
...|Overview of Hong Kong Taxation System, Returns and Information | | | |Objectives: | | | |By the end of this lecture, you should be able to | | | | |● |Describe sources of Hong Kong tax law and its features | |● |Identify major kinds of income tax, estate duty and stamp duty | |● |Explain the power of Inland Revenue Department to obtain returns and information | | | | |Readings: | | | |Assigned reading | | ...
Words: 2384 - Pages: 10
...0315 – Bachelor of Business (Accounting) Course Structure (commencing 2013) Course Requirements Students must complete a total of 24 units (144 credit points) to complete the Bachelor of Business (Accounting). A minimum of 16 units (72 credit points) must be taken at Monash University, Caulfield Campus. Students can complete a maximum of 10 units (60 credit points) at first-year-level. Students must complete a minimum of 6 units (36 credit points) at third-year-level, of which 4 must be from the Bachelor of Business degree family, Caulfield Campus. In addition to specific unit prerequisites, second-year level units require the successful completion of three first-year level units and thirdyear level units require the successful completion of two second-year level units. For students commencing with credit: A minimum of 8 units (48 credit points) must be taken at Monash University, Caulfield campus. A minimum of 12 units (72 credit points) must be taken at Monash University. Common Core Units Students MUST complete all 6 compulsory common core units: AFF1000 BTF1010 ECF1100 ETX1100 MGF1010 MKF1120 Principles of accounting and finance Commercial law Microeconomics Business statistics Introduction to management Marketing theory and practice Accounting Major Units Students MUST complete all 6 compulsory major units: AFF1000 Principles of accounting and finance (also completed in the common core) AFF1121 Introduction to financial accounting (Prerequisite:...
Words: 869 - Pages: 4
...Business Law- In this unit you, Click Link Below To Buy: http://hwcampus.com/shop/business-law-in-this-unit-you/ In this unit you, you will select a case law pertaining to the topic of business entities. Each case law analysis allows you to express yourself as clearly and fully as possible in dissecting a court decision. The purpose of the assignment is two-fold: 1. To give you the opportunity to read a real court decision. 2. To challenge you to think about how you would have decided the case. In your case law analyses, you must be able to navigate the court's decision and summarize it; you are not expected to act as a judge or an advocate. Using your selected court decision, prepare an analysis that responds to the following: 1. Articulates the importance, context, purpose, and relevance of law in a business environment: • Identify the parties who are before the court. • Provide a brief background to problem. Summarize the facts in no more than 2–3 paragraphs. • Identify what is the specific disagreement between the parties. • Explain the ruling of the court in no more than 1–2 paragraphs. 2. Evaluate legal options to create a business entity. • Was there a dissenting opinion? If so, explain why some of the judges or justices disagreed with the majority in the decision. • Compare to other types of business entities-would the party have been in a better position if they formed as a different type of legal business entity? • Do you agree with the...
Words: 420 - Pages: 2
...Employee or Independent Contractor? Responsible for Knowing Content of Links Highlighted in Yellow Key Issues 1. Why is the definition of “employee” so important? 2. How does an employer distinguish between an employee and an independent contractor? 3. Which key agencies have suggested criteria for determining if a worker is an employee or an independent contractor? 4. What is the most important factor in determining a worker’s classification? 5. What are the consequences of misclassifying an employee? 6. Various federal and state agencies have established standards for determining worker status. Below are there of the more important: a. IRS common law criteria b. Darden Factors c. FLSA criteria 7. How do the standards above overlap? 8. [pic]Cases Classifications of Workers – there are two general categories of workers: independent contractor or employee. Independent Contractor: (read to Section Form SS-8) Definitions vary based on specific regulations or laws. However, in general, the “payer” has the right to control or direct only the result of the work done by an independent contractor, not the means and methods of accomplishing the result. Misclassification is common and the consequences can be significant for an organization (payer). In most cases, a worker’s status is obvious, but can be complicated. Other Worker Terms Contingent or Temporary Workers: Worker’s job with an employer...
Words: 2392 - Pages: 10
...of Arts/Bachelor of Laws | | Full-time | | Year 1 | | Autumn session | | 200006.2 | Introduction to Law | | 200008.3 | Torts Law | | Two units from the Year 1 core Arts units listed below: | | 100958.2 | Australia and the World | | 100960.2 | Contemporary Society | | 100968.3 | Texts and Traditions | | 100846.2 | Analytical Reading and Writing | | Spring session | | 200007.2 | Law Foundation | | 200010.2 | Criminal Law | | Two of the remaining Year 1 core Arts units from the list below that were not undertaken in Autumn session: | | 100958.2 | Australia and the World | | 100960.2 | Contemporary Society | | 100968.3 | Texts and Traditions | | 100846.2 | Analytical Reading and Writing | | Year 2 | | Autumn session | | 200011.2 | Contracts | | Arts sub major unit | | Two units from your chosen major | | Spring session | | 200012.3 | Property Law | | Arts sub major unit | | Two units from your chosen major | | Year 3 | | Autumn session | | 200020.5 | Professional Responsibility and Legal Ethics | | Arts sub major unit | | Two units from your chosen major | | Spring session | | 200009.3 | Constitutional Law | | Arts sub major unit | | Two units from your chosen major ...
Words: 597 - Pages: 3
...OF BUSINESS INFORMATION TECHNOLOGY YEAR 1 SEM II BACHELOR OF SUPPLY CHAIN MANAGEMNT YEAR I SEMESTER II BACHELOR OF PURCHASING AND SUPPLIES MANAGEMNT YEAR 1 SEM II HBC 2112 BUSINESS LAW 1 HPS 2204 BUSINESS LAW 1 Lecturer: Jean Mzera Uzel 0721586918 EMAIL Jeanmzera@yahoo.com Introduction This unit is designed for business students to give them a focus in law in the society and business environment. It deals with a panorama of the most important activities in the business law which will enable them to understand and function effectively in today’s business environment. Course target The target group for this unit is the undergraduate students pursuing the business studies as a course. Course delivery This course will be administered using lectures and group discussions. The students’ participation in group assignments will contribute to their final course grade. Learning outcomes By the end of this unit, it is expected that the students will be able to: * Identify the entities involved in business law * Know the criteria that company managers can use to make business law decisions. * Appreciate the sources of law in Kenya and constitution making * Appreciate the law of persons, law of contract, law of tort, law of agency and negotiable instruments and their respective applications in the business environment. COURSE PLAN week | course topic | key coverage | mode of presentation | Evaluation orExercise | One | Nature and functions of law in society and business environment...
Words: 660 - Pages: 3
...Business Law- In this unit you, Click Link Below To Buy: http://hwcampus.com/shop/business-law-in-this-unit-you/ In this unit you, you will select a case law pertaining to the topic of business entities. Each case law analysis allows you to express yourself as clearly and fully as possible in dissecting a court decision. The purpose of the assignment is two-fold: 1. To give you the opportunity to read a real court decision. 2. To challenge you to think about how you would have decided the case. In your case law analyses, you must be able to navigate the court's decision and summarize it; you are not expected to act as a judge or an advocate. Using your selected court decision, prepare an analysis that responds to the following: 1. Articulates the importance, context, purpose, and relevance of law in a business environment: • Identify the parties who are before the court. • Provide a brief background to problem. Summarize the facts in no more than 2–3 paragraphs. • Identify what is the specific disagreement between the parties. • Explain the ruling of the court in no more than 1–2 paragraphs. 2. Evaluate legal options to create a business entity. • Was there a dissenting opinion? If so, explain why some of the judges or justices disagreed with the majority in the decision. • Compare to other types of business entities-would the party have been in a better position if they formed as a different type of legal business entity? • Do you agree with the...
Words: 420 - Pages: 2
...NAME HERE) (INSERT NAME OF CLUB HERE) Motorcycle Club CHARTER and BY-LAWS Format ARTICLE I Name and Authority The name of this organization shall be the (Unit) Motorcycle Club. They shall have the authority to operate aboard (Camp or Air Station) and surrounding areas only with the consent of the Commanding Officer. Operation depends on compliance with the requirements of applicable Marine Corps Orders and policies, state laws, and this charter and associated by-laws. ARTICLE II Purpose, Goals, and Objectives PURPOSE: To establish and maintain a spirit of camaraderie and esprit de corps that will enhance the prestige of all motorcycle riders, encourage on-going rider education and skills development, and reduce the potential of motorcycle mishaps. Additionally, set an example for all personnel according to the standards, traditions, and values of the United States Marine Corps. To operate and conduct ourselves in a manner that provides equal opportunity and treatment for all motorcyclists. GOALS: 1. The (unit club) will seek to improve morale, promote rider awareness and improve individual rider skills. The (unit club) will seek to enhance the base and local community relationship through community service efforts and events by unifying and combining the unique and individual talents of the (unit club) members. 2. Each member will participate in the (unit club) and support the objectives of the (unit club) by setting a positive example and promoting the safety and welfare...
Words: 2433 - Pages: 10
...to this issue. The latest issue can be found on the Edexcel website: www.edexcel.com References to third-party material made in this specification are made in good faith. Edexcel does not endorse, approve or accept responsibility for the content of materials, which may be subject to change, or any opinions expressed therein. (Material may include textbooks, journals, magazines and other publications and websites.) Authorised by Roger Beard Prepared by Susan Hoxley Publications Code BH029073 All the material in this publication is copyright © Edexcel Limited 2011 Edexcel BTEC Level 4 HNC Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business (Accounting) Edexcel BTEC Level 5 HND Diploma in Business (Management) Edexcel BTEC Level 5 HND Diploma in Business (Marketing) Edexcel BTEC Level 5 HND Diploma in Business (Human...
Words: 15079 - Pages: 61
...Unit 27: Understanding Health and Safety in the Business Workplace Unit code: H/502/5458 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to enable learners to develop knowledge of the legislation and regulations relating to health and safety in a business workplace in order to conduct an audit and carry out a risk assessment. Unit introduction It is important, when working in business, to ensure compliance with organisational procedures and legal requirements, as the consequences of non-compliance can have serious implications for employees and employers. It is important, therefore, for learners to appreciate that those working in business must understand the principal issues which affect the working environment, for all individuals and the organisations that employ them. This involves keeping up to date with information on the legal issues that affect safe working practices. Everyone at work plays an important part in ensuring health and safety and it is essential that key personnel are aware of their roles and responsibilities. Employers must take reasonable care to protect their employees, and others, from the risk of injury, disease or death, while employees must take care to protect themselves and others. Safe working conditions and the ‘welfare of employees’ can contribute to the success of an organisation. It is important that organisations take steps to prevent accidents...
Words: 3693 - Pages: 15
... Dated as of 2007 THE PARTNERSHIP UNITS OF BLACKSTONE HOLDINGS I L.P. HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, THE SECURITIES LAWS OF ANY STATE, PROVINCE OR ANY OTHER APPLICABLE SECURITIES LAWS AND ARE BEING SOLD IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. SUCH UNITS MUST BE ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE WITH (I) THE SECURITIES ACT, ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR PROVINCE, AND ANY OTHER APPLICABLE SECURITIES LAWS; AND (II) THE TERMS AND CONDITIONS OF THIS AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT. THE UNITS MAY NOT BE TRANSFERRED OF RECORD EXCEPT IN COMPLIANCE WITH SUCH LAWS AND THIS LIMITED PARTNERSHIP AGREEMENT. THEREFORE, PURCHASERS AND OTHER TRANSFEREES OF SUCH UNITS WILL BE REQUIRED TO BEAR THE RISK OF THEIR INVESTMENT OR ACQUISITION FOR AN INDEFINITE PERIOD OF TIME. Table of Contents | Page | ARTICLE I | | | | DEFINITIONS | | SECTION 1.01. Definitions | 1 | | | ARTICLE II | | | | FORMATION, TERM, PURPOSE AND POWERS | | | | SECTION 2.01. Formation | 11 | SECTION 2.02. Name | 11 | SECTION 2.03. Term | 11 | SECTION 2.04. Offices | 11 | SECTION 2.05. Agent for Service of Process | 11 | SECTION 2.06. Business Purpose | 11 | SECTION 2.07. Powers of the...
Words: 20537 - Pages: 83
...charter carrier operating out of Manassas, Virginia, that flies both passengers and cargo. Prior to 2011, their primary business was the transport of corporate executives. Currently, their primary customer for both the cargo and passenger divisions is the U.S. Military, which represents 10% of their total revenue. Williams Aero Flight Services’ fleet consists entirely of jets. A typical, properly maintained jet aircraft has a useful economic life of thirty years. Frequent and necessary maintenance must be performed on the engine and airframe in order for the jet to last all thirty years. The aircraft engines and auxiliary power units must be serviced every 24 to 60 months, based on usage. In order to service an engine and power unit, the engine must be removed from the aircraft and sent to a third party specialized maintenance company that maintains and repairs the engines and power units. The annual cost of these repairs, resulting from the age of the fleet and the annual usage, is $2,000,000. Annual revenue is approximately $40,000,000. During a preliminary meeting, the IRS claims that the jet engines and power units are separate units of property from the airframe and that the cost of these repairs must be capitalized under Section 263(a). Williams Aero Flight Services contends that the jet engines, power units, and the aircraft itself are one unit of property that should be depreciated over its useful economic life of thirty years. As a consequence of the dwindling...
Words: 1916 - Pages: 8
...UK COLLEGE BUSINESS AND COMPUTING Module Booklet Course: EDEXCEL BTEC Group: Ed excel HND Group Module: Unit 5 – Aspects of Contract and Negligence for Business Module type: Module Code: Y/601/0563 Module Credit: 15 Teaching Period: (12+3 weeks) QCF Level: 5 Contact Hours: (15*3.75 = 56.25) Lecturers: 12 weeks Revision Clinic: 1 week Feedback and assignment guidance: 2 weeks Lecturer: Mr. Dalton Vincent Start date: 01/10 /2013 Day: Friday Time: 10.00 – 13.00 & 14.00 – 17.00 Room: LH 2 & LH 3 Term: Winter Term CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS 6. INTRODUCTION The unit introduces the law of contract, with a particular emphasis on the formation and operation of business contracts. Learners are encouraged to explore the content of these agreements and then develop skills relating to the practical application of business contracts, including offer, acceptance, intention, consideration and capacity. Relevant case law examples will be covered. Learners will consider when liability in contract arises, the nature of the obligations on both sides of the contract, and the availability of remedies when a contract is not fulfilled in accordance with its terms. Additionally, the unit will enable learners...
Words: 5678 - Pages: 23
