Assignment 2: JPMorgan Chase Due Week 8 and worth 200 points In the summer of 2012, JPMorgan Chase, the biggest U.S. bank, announced trading losses from investment decisions made by its Chief Investment Office (CIO) of $5.8 billion. The Securities and Exchange Commission (SEC) was provided falsified first quarter reports that concealed this massive loss. Write a five to six (5-6) page paper in which you: Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy. Determine the elements of a valid contract, and discuss how consumers and banks each have a duty of good faith and fair dealing in the banking relationship. Compare and contrast the differences between intentional and negligent tort actions Discuss the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action. With the advent of mobile banking, discuss how banks have protected the software that allows for online transaction to occur through automation. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.  Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.  The specific course learning outcomes associated with this assignment are: Describe the legal environment of business, the sources of American law, and the basis of authority for government to regulate business. Describe the elements of a contract and explain the basic provisions of contract law relative to offer, acceptance, capacity, legality, fraud, third-party rights, performance, and breach of contract. Explain the components of the Uniform Commercial Code (UCC) relative to sales and lease contracts and the basic provisions of the UCC addressing sales / lease contracts, title, risk, insurable interests, and the performance and breach of contracts. Use technology and information resources to research issues in business law. Write clearly and concisely about business law using proper writing mechanics. 1. Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the .

1. Assignment 2: JPMorgan Chase
Due Week 8 and worth 200 points
In the summer of 2012, JPMorgan Chase, the biggest U.S. bank,
announced trading losses from investment decisions made by its
Chief Investment Office (CIO) of $5.8 billion. The Securities
and Exchange Commission (SEC) was provided falsified first
quarter reports that concealed this massive loss.
Write a five to six (5-6) page paper in which you:
Discuss how administrative agencies like the Securities and
Exchange Commission (SEC) or the Commodities Futures
Trading Commission (CFTC) take action in order to be effective
in preventing high-risk gambles in securities / banking, a
foundation of the economy.
Determine the elements of a valid contract, and discuss how
consumers and banks each have a duty of good faith and fair
dealing in the banking relationship.
Compare and contrast the differences between intentional and
negligent tort actions
Discuss the tort action of “Interference with Contractual
Relations and Participating in a Breach of Fiduciary duty” and,
if the bank you’ve chosen were to behave as JP Morgan did,
would you be able to prevail in such a tort action.
With the advent of mobile banking, discuss how banks have
protected the software that allows for online transaction to
occur through automation.
Use at least three (3) quality references. Note: Wikipedia and
other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size
12), with one-inch margins on all sides; citations and references
must follow APA or school-specific format. Check with your
professor for any additional instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the
date. The cover page and the reference page are not included in

2. the required assignment page length.
The specific course learning outcomes associated with this
assignment are:
Describe the legal environment of business, the sources of
American law, and the basis of authority for government to
regulate business.
Describe the elements of a contract and explain the basic
provisions of contract law relative to offer, acceptance,
capacity, legality, fraud, third-party rights, performance, and
breach of contract.
Explain the components of the Uniform Commercial Code
(UCC) relative to sales and lease contracts and the basic
provisions of the UCC addressing sales / lease contracts, title,
risk, insurable interests, and the performance and breach of
contracts.
Use technology and information resources to research issues in
business law.
Write clearly and concisely about business law using proper
writing mechanics.
1. Discuss how administrative agencies like the Securities and
Exchange Commission (SEC) or the Commodities Futures
Trading Commission (CFTC) take action in order to be effective
in preventing high-risk gambles in securities / banking, a
foundation of the economy.
Weight: 15%
Did not submit or incompletely discussed how administrative
agencies like the Securities and Exchange Commission (SEC) or
the Commodities Futures Trading Commission (CFTC) take
action in order to be effective in preventing high- risk gambles
in securities / banking, a foundation of the economy.
Insufficiently discussed how administrative agencies like the
Securities and Exchange Commission (SEC) or the Commodities
Futures Trading Commission (CFTC) take action in order to be
effective in preventing high-risk gambles in securities /
banking, a foundation of the economy.

3. Partially discussed how administrative agencies like the
Securities and Exchange Commission (SEC) or the Commodities
Futures Trading Commission (CFTC) take action in order to be
effective in preventing high-risk gambles in securities /
banking, a foundation of the economy.
Satisfactorily discussed how administrative agencies like the
Securities and Exchange Commission (SEC) or the Commodities
Futures Trading Commission (CFTC) take action in order to be
effective in preventing high-risk gambles in securities /
banking, a foundation of the economy.
Thoroughly discussed how administrative agencies like the
Securities and Exchange Commission (SEC) or the Commodities
Futures Trading Commission (CFTC) take action in order to be
effective in preventing high-risk gambles in securities /
banking, a foundation of the economy.
2. Determine the elements of a valid contract, and discuss how
consumers and banks each have a duty of good faith and fair
dealing in the banking relationship.
Weight: 15%
Did not submit or incompletely determined the elements of a
valid contract, and did not submit or incompletely discussed
how consumers and banks each have a duty of good faith and
fair dealing in the banking relationship.
Insufficiently determined the elements of a valid contract, and
insufficiently discussed how consumers and banks each have a
duty of good faith and fair dealing in the banking relationship.
Partially determined the elements of a valid contract, and
partially discussed how consumers and banks each have a duty
of good faith and fair dealing in the banking relationship.
Satisfactorily determined the elements of a valid contract, and
satisfactorily discussed how consumers and banks each have a
duty of good faith and fair dealing in the banking relationship.
Thoroughly determined the elements of a valid contract, and
thoroughly discussed how consumers and banks each have a
duty of good faith and fair dealing in the banking relationship.
3. Compare and contrast the differences between intentional and

4. negligent tort actions.
Weight: 20%
Did not submit or incompletely compared and contrasted the
differences between intentional and negligent tort actions.
Insufficiently compared and contrasted the differences between
intentional and negligent tort actions.
Partially compared and contrasted the differences between
intentional and negligent tort actions.
Satisfactorily compared and contrasted the differences between
intentional and negligent tort actions.
Thoroughly compared and contrasted the differences between
intentional and negligent tort actions.
4. Discuss the tort action of “Interference with Contractual
Relations and Participating in a Breach of Fiduciary duty” and,
if the bank you’v e chosen were to behave as JP Morgan did,
would you be able to prevail in such a tort action.
Weight: 15%
Did not submit or incompletely discussed the tort action of
“Interference with Contractual Relations and Participating in a
Breach of Fiduciary duty” and, if the bank you’ve chosen were
to behave as JP Morgan did, would you be able to prevail in
such a tort action.
Insufficiently discussed the tort action of “Interference with
Contractual Relations and Participating in a Breach of Fiduciary
duty” and, if the bank you’ve chosen were to behave as JP
Morgan did, would you be able to prevail in such a tort action.
Partially discussed the tort action of “Interference with
Contractual Relations and Participating in a Breach of Fiduciary
duty” and, if the bank you’ve chosen were to behave as JP
Morgan did, would you be able to prevail in such a tort action.
Satisfactorily discussed the tort action of “Interference with
Contractual Relations and Participating in a Breach of Fiduciary
duty” and, if the bank you’ve chosen were to behave as JP
Morgan did, would you be able to prevail in such a tort action.
Thoroughly discussed the tort action of “Interference with
Contractual Relations and Participating in a Breach of Fiduciary

5. duty” and, if the bank you’ve chosen were to behave as JP
Morgan did, would you be able to prevail in such a tort action.
5. With the advent of mobile banking, discuss how banks have
protected the software that allows for online transaction to
occur through automation.
Weight: 20%
Did not submit or incompletely discussed how banks have
protected the software that allows for online transaction to
occur through automation.
Insufficiently discussed how banks have protected the software
that allows for online transaction to occur through automation.
Partially discussed how banks have protected the software that
allows for online transaction to occur through automation.
Satisfactorily discussed how banks have protected the software
that allows for online transaction to occur through automation.
Thoroughly discussed how banks have protected the software
that allows for online transaction to occur through automation.
6. 3 references
Weight: 5%
No references provided
Does not meet the required number of references; all references
poor quality choices.
Does not meet the required number of references; some
references poor quality choices.
Meets number of required references; all references high quality
choices.
Exceeds number of required references; all references high
quality choices.
7. Clarity, writing mechanics, and formatting requirements
Weight: 10%