- What information should we request from this customer- - How will we.pdf

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- What information should we request from this customer? - How will we verify this information? - What possible problems or issues are presented by this situation? - Would this account opening present more than a normal degree of risk? - Should we open this account? - Are there any special precautions (such as transaction limitations) we should take? Scenario: Karen Smith comes in to open a joint account for her and her mother, Imogene Farrell. Her mother is currently in a nursing home. Karen is able to supply name, address, date of birth, and social security numbers both for herself and for her mother, and Karen presents her own driver's license, voter registration card. Imogene is currently recuperating from a broken hip and will be unable to come to the bank. Scenario: Rhonda Harvey wants to rent a safe deposit box. When you ask for identification, her driver's license and all of her other identification show a different address and a different last name. She says she just got married and moved. Scenario: Tom Childers, a local minister, brings in Sam Greene to open an account. Sam is homeless and has been staying with the local minister. Tom has given Sam a job on the condition that Sam establish a savings account. Sam says he has been homeless for five years. He has no photo identification and cannot remember his social security number. Scenario: Sally Kimmel wants to open a checking account. She says she has no identification with her photograph because her faith does not allow her to have her photograph taken. She has no government issued identification because she feels that the government does not have the right to have her information. She does have a receipt from the telephone and gas companies showing that she has paid her utility bills and a local library card. Scenario: Donnie Wolfe comes in to add his name as a co-owner on his father's checking and savings account, plus be added as a co-renter on a safe deposit box. He says he lives in New York City and is in town to look after his father, who has suffered a stroke and is totally incapacitated. Donnie has a power of attorney handwritten by his father. He says his father told him if anything happened to him that Donny was to take the document to the bank and make the changes. Donnie does not have a driver's license or state ID, but has credit cards and a discount club card with his photograph. Scenario: Joe Thompson says he is a vice president of XYZ Company, Inc., which was incorporated 12 years ago in another state. He has a certified copy of its articles of incorporation and says X Y Z plans to open an office in town. He has what appears to be a corporate resolution authorizing him to borrow funds on behalf of the corporation and sign on any deposit account established for it. He wants to go ahead, open a corporate account, and apply for a loan. Scenario: Jane Doe came to Gateway Bank to make a deposit of EC\$ 18,000.00 and immediately wants to send an outgoing wire to a Chine.

Education

Write a short essay, between 400 and 500 words, responding to the assignment below. You are expected to use the textbook and outside resources to provide accurate and substantive answers to the question. Also, be sure to make use of illustrating examples where appropriate. Submit your work in APA format. Johnny, the CEO of Plastic Spoon Inc., is in a bit of a bind. His daughter was kidnapped. The kidnappers are demanding a hefty ransom. Unfortunately for Johnny, he cannot afford the ransom. So, Johnny withdraws the ransom money from Plastic Spoon Solution Embezzlement is the theft of funds from an employer. In this case, the actual definition of embezzlement for legal purposes must involve the intentional taking of money or property by a CEO or other top official in a corporation without consent. The facts of the case are this: Johnny is the CEO of the corporation and he intentionally took money without consent in order to pay a ransom for his stolen daughter. While Johnny did perform the actions that meet the state\'s definition of embezzlement he didn\'t follow the typical pattern of embezzlement. Most embezzlement occurs in a sneaky underhanded deceptive fashion where an individual is committing the crime for personal gain, wealth, or retribution against the company. Johnny did it to save his daughter and not for personal gain or retribution on the company. While Johnny is indeed guilty of the crime of embezzlement, arguments that Johnny could present for leniency purposes are: 1. the decision to take funds from the company were made under duress 2. His daughter\'s life was in jeopardy 3. A crime was committed against him not by him 4. Time was of the essence and he only borrowed the funds with every intent to pay them back once his daughter was safe 5. He was planning on telling the directors about the situation once his daughter was safely returned The police searched Johnny\'s home without a warrant and illegally seized a letter he was writing that confirmed he took the money from the company to pay the kidnappers. He could request that the judge suppress any evidence that was seized illegally, meaning that the letter was obtained without a warrant. However, it might be to his benefit to have the letter admitted as evidence in his defense instead. His lawyer could argue the points above and some leniency might possibly be obtained or resolution in regards to a financial settlement be reached. In the end it will be a difficult case for involved, especially Johnny. .

Tricia and Troy are starting a pharmacy. After meeting with their at.docx

nanamonkton

Tricia and Troy are starting a pharmacy. After meeting with their attorney and accountant, they decide they want to begin using the simplest form of business organization they can. However, their primary concern is personal liability. They don’t want to jeopardize their personal assets for business obligations. They’ll also need to obtain financing to get the business started. A few investors have expressed some interest, but they’ll invest their money only if they receive some stake in the business or some possibility of return for their investment. The investors want to have no part in running the business and want to be sure they have no liability for business debts. What form of business organization would you recommend? Why? Explain why other forms of business organizations wouldn’t meet their needs. Discuss the mirror-image rule, specifically stating what the rule means. Then give a set of circumstances in which the mirror-image rule would apply Jill and Abraham have a dispute and wish to settle it without litigation. They’re considering mediation or binding arbitration. Discuss and compare the features of these two forms of alternate dispute resolution. Tiny Town passes a law making it a crime to criticize the mayor. Tom objects that the law violates his right to freedom of speech under the U.S. Constitution. Tom sues Tiny Town. Will the court rule that Tom can’t criticize the mayor? Why or why not? Vicky is acting as Kevin’s agent in negotiating an important business deal with Carl. Carl knows that Vicky is acting on Kevin’s behalf and as his agent. Vicky agreed only to the terms Kevin gave her the authority to agree to, and Carl agreed to the terms. Later, Carl became upset that the contract wasn’t being properly upheld. Whom may Carl hold responsible for any breach in the contract? Why? Larry makes lewd comments about Nicole, his employee, that reasonably annoy and disturb Nicole. Nicole complains to Larry and threatens to sue for sexual harassment. Larry tells her she doesn’t have a case because Larry hasn’t asked her for sexual favors or touched her inappropriately. Does Nicole have a case? Why or why not? Attorney Jones uses her position of trust to convince her client Sally to enter into a contract with Jones that’s to Sally’s disadvantage. Sally later realizes what has happened and seeks to get out of the contract. What defense should she make against enforcing the contract? Terrence, an adult, enters into a contract with Bobby, a 16-year-old. Before either party changes position, Bobby’s parents find out and tell Terrence the deal is off. Can Terrence enforce the contract Shannon is 27 years old and has lived in a mental institution since she was 18 years old. Fred visits her one afternoon and tells her that, because she has had such a difficult life, he will give her $10,000. Shannon says she accepts Fred’s offer. Fred doesn’t follow through. Does a contract exist? Why or why not? Jake thinks he has a sexual harassment claim.

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1 2BUS 307 Case Study 2 – Professional Memo.docx

robert345678

1 2 BUS 307 Case Study 2 – Professional Memo Jennifer Moore Professor BUS 307- Business Law II November 27, 2022 BUS 307 Case Study 2 – Professional Memo To: Fred and Sally From: Jennifer Moore Date: November 27,2022 Subject: Fred’s Miracle Cough Syrup This memo's objective is to make you aware of any potential legal problems resulting from Jane's theft. I will also give you information on civil claims you might have, the various sorts of commercial bankruptcy lawsuits, and other legal options that could be used to prevent the bankruptcy of Fred's Miracle Cough Syrup. Legal Defences For a court to render a verdict, the defendant must have the opportunity to defend oneself against the civil allegations. Common law mandates that the person accused of a crime must present a defence in order to determine whether or not they should be found guilty of the crime. If there is no tangible proof confirming their guilt, the defendants must provide evidence to support their innocence or refute the accusations. In these instances, Jane used a fake check to settle her debts to Don. If Don receives the check, he may charge Fred and Sally of fraud. Since their document is fraudulent, Fred and Sally cannot compensate Don. Given that there is no connection between them, a strong defence against the allegation is likely. In this instance, Jane is responsible for maintaining company documents. She has no part in business leadership, management, sales, processing, or delivery. Therefore, it is not her function and responsibility to make payments. Due to her lack of integrity and responsibility, she has compromised the organization's ideals by falsifying the check and acting above her authority. A violation of duty is a criminal offense. Consequently, the defendants may assert that Jane behaved as an individual and not as a corporation (Ambos, 2018). The check was meant just for buying of Fred Miracle syrups, but Jane wanted to use it to settle a few of her personal debt. There is no binding official document between Don and Fred. In the absence of an agreement between two parties, there is no contract. Fred and Sally thus are not accountable to Don. Given there was no contract, neither Sally nor Fred received any services from Don. Therefore demonstrating that Fred and Sally are not responsible for Don's civil lawsuits. Jane was responsible for the gambling obligation, not Fred's business, because she was the one who obtained the service from Don's company. Don should therefore submit the complaint to Jane and not Fred and Sally. Jane also exceeded his authority, thus neither Fred nor Sally are responsible for her acts. Consequently, she should bear the loss as a result of her conduct. Fred and Sally will be victorious in their case since they are in no way responsible to Don (Ambos 2018). Church Offerings are contributions or donations made to the church. Therefore, the cheque with Fred and Sally's names th.

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1. Discuss the advantages and disadvantages of alternative dispute resolution compared to litigation. If you were entering into a business contract which would you prefer to see in the contract? Why? 2. Shoplifting is a very serious problem for retail store owners, with millions of dollars of merchandise stolen each year. Obviously, some shoplifters put clothing and other items under their clothes and then attempt to leave the store. Video cameras in every bathroom and dressing room would undoubtedly reduce successful shoplifting. Using rights principles of ethics, what ethical issues are raised by such action? 3. Sally, 16 years old and unmarried, went to Hospital of the Good Shepherd with her mother. Unknown to her mother, Sally was pregnant and in labor. She was in extreme pain when she was admitted to the hospital and was told to just sign the medical treatment authorization form so she could be treated. Sally delivered a healthy baby, and both Sally and the baby were released the next day in good health. The hospital attempted to collect their bill from Sally’s insurance carrier but it only paid a portion of the costs. The hospital then sued Sally for the balance. Is Sally liable for the balance of the medical bill? Is Sally’s mother responsible? 4. In many other countries, contracts aren’t as strictly construed and don’t contain all of the terms of an agreement as they do in the United States. Often, business people from other countries complain that U.S. contracts are viewed too formally. Generally, contract law in the U.S. requires all parties to a contract to continue to perform the contract even when conditions have changed and make it more difficult for one party to continue to perform. Do you believe contracts should be more flexible to allow for changes in the terms of the agreement when conditions change? Or, do you believe the terms of a contract should be viewed as an absolute irrespective of any change in conditions? Explain your answer. PF Blue + Charcoal PF Blue + White 5. John is in the process of buying a new house. He looks on the Internet for some furnishings he believes he will need for the house. He finds exactly what he is looking for on the shopforit.com website. The website even allows him to finance his purchase; all he has to do is to complete a short application and accept the terms of the financing by clicking on the “I Accept” button. John is so excited about finding what he is looking for that he quickly fills out the application and, without reading the financing terms, he clicks on the “I Accept” button. Two weeks later, John is in a store looking for other items for his home and he finds exactly the same thing that he had previously purchased but for less money and with much better financing terms. John e-mails shopforit.com and tells them he wants to cancel his purchase. Can John cancel his purchase with shopforit.com? Explain. 6. Penny, a senior vice president at Wholesale Foods LLC, sends a co ...

All about identity theft

Mrwilson6

Identity theft happens whenever someone uses your personal identification to commit fraud or other types of crimes. They may use your name, credit card number, or your Social Security number (or other identifying information). According to the Federal Trade Commission (FTC) in the United States, some 9 million Americans have their identities stolen every year. They also state that identity theft is likely to affect most people in some way. The thief may rent an apartment using someone else's name. He/She may open a line of credit or use your own line of credit for his/her buying needs. He/She may apply for a job using your identification. here's a video that will help you: https://oke.io/BwCr4LGX

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Page 2Jennifer took a video recording of Jack and Alice figh.docx

karlhennesey

Page | 2 Jennifer took a video recording of Jack and Alice fighting in an alley. Jack and Alice disclose multiple private facts about each other through the course of the argument. Jennifer posts the fight on the internet. Which of the following is true? 1. Jack and Alice can take no action, because Jennifer is not a professional videographer. 2. Jack and Alice can make a tort claim against Jennifer for public revelation of private facts. 3. Jack and Alice can make a tort claim against Jennifer for false light. 4. Jack and Alice can take no action, since they were fighting in a public place. Match each example with the crime that it represents. Crimes often overlap, so read all options before selecting the answer that best fits each prompt. Dagan sneaks into an event center through an unlocked window to steal valuable items on display for an event the next day. Jeff decides that it is time to clean up his act and stop manufacturing bong pipes in his basement. He uses $15,000 from bong pipe sales to open a children’s toy store. The next day, the police bust Jeff for his sale of drug paraphernalia. Danielle seizes an important trade secret about the manufacturing process of a company’s computer chip. Raquelle sells magazine subscriptions door-to-door for a magazine that does not exist. Nayeli knocks out several security guards in a wild attempt to steal jewelry from a department store. Luigi transfers some liquid funds from the business he manages to a personal account. The Calzoni family gets together to plan a way to "take out" their main competitor's business. Drag and drop the choices from below. · Larceny · Burglary · Money Laundering · Embezzlement · Conspiracy · Robbery · Fraud Which of the following situations would not substantiate a tort claim of infliction of emotional distress? 1. Behavior that a reasonable person would find distasteful 2. Offensive behavior when a duty of care is oweds 3. Offensive behavior when a person is feeling especially vulnerable 4. Repetitive offensive behavior Penny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true? 1. The manager has committed legitimate interference with a contractual relationship 2. The manager has done nothing wrong because non-competition agreements are never used in clothing retail. 3. The manager has done nothing wrong. 4. The manager is interfering with Penny’s business relationship with her boss. While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? 1. Derek cannot hold the tour company liable because there is no wa ...

BBB Market Monitor: August 2018

Better Business Bureau Serving Greater Cleveland

Read the following accounting case and then answer the questions tho.pdf

petercoiffeur18

Read the following accounting case and then answer the questions thoroughly. Questions are listed below the case. Taylor and Ryan co-own and operate Hatfield Office Equipment (HOE) for 30 years. A local bank has continually financed HOE, which has an inventory worth millions of dollars. The siblings share ownership of the business. They hired James, Taylor’s son, to handle the company’s bookkeeping responsibilities. James, 30, had been working in various jobs at the business since high school. He eventually was entrusted with all aspects of bookkeeping for the business: accounts payable, accounts receivable, payroll, and all account and bank reconciliations. Taylor and Ryan gave him check- signing ability and a business credit card. After becoming the bookkeeper, James married and began a family. As his personal monthly expenses increased, he found it difficult to maintain the lifestyle he had known when he was single and living with his parents. The fraud scheme began simply. At first, James began illegally using his business p-card (or purchasing card) for small personal expenses, such as gas for his personal vehicle and fast food meals. After several months, his charges for personal expenses increased in number and dollar amount, including charges for taking out his wife and children to fine restaurants, clothing for himself and his family, and even high-end electronic products. No one at HOE noticed the continual increase in charges for personal items because James controlled all payment checks to the credit card company. James’ fraudulent activities expanded. He began embezzling from the payroll system. Because he was a manager, he didn’t have to use the time clock and began to pay himself for excessive overtime pay. He would give himself paychecks in lieu of not taking vacation time, even though he took all his vacation days. HOE management, Ryan and Taylor were oblivious to what was happening. James then began writing checks payable to himself, but he would write a regular recurring vendor’s name on each check stub and hand-key it into the computer system. When the bank statements came each month, James would alter the images of the checks on the statements to match the vendors on the check stubs and in the system. Then he would hide evidence of the fraudulent checks he had cashed by photocopying the altered pages of the bank statements and shredding the original statements. Crafty James wasn’t done yet. He opened a new personal credit card at the business’ bank. Now it was easy for him to electronically make bank drafts for paying the business’ monthly credit card statements and then write company checks to pay his personal card. If anyone reviewed the check stubs, it would only appear that one credit card invoice had been paid each month. James could charge the company’s credit card for his personal expenses and charge additional purchases to this new credit card. He used company funds to pay off both cards. Sweet deal. Some fraudste.

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Exam - Contracts, Part 1 Questions 1 to 40 Select the be.docx

SANSKAR20

Exam: - Contracts, Part 1 Questions 1 to 40: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer. 1. Ty and Cher were discussing a business venture over dinner. Cher had several glasses of wine and became visibly intoxicated. Ty and Cher continued to discuss the venture and formed a contract in which Ty received 80% of the profits resulting from the venture and Cher received 20%, even though Cher agreed to invest the majority of the money. Ty agreed to contribute his expertise and services to the venture. The next morning, Cher realized her terrible mistake. Cher's best chance to avoid the contract with Ty is to say that A. the contract is fraudulent. B. she was drunk at the time the contract was formed. C. Ty doesn't have the expertise and services required for the venture. D. the contract is unconscionable. 2. Dave is declared insane and committed to an asylum. Dave escapes and goes to a car dealership, where he enters into a contract with Larry to buy a sports car. Which of the following statements is true? A. Only Larry can void the contract. B. To void the contract, Dave must prove he is insane. C. Only Dave can void the contract. D. Because Dave is legally insane, the contract is void. 3. Esther lives with a caregiver on whom she is greatly dependent and trusts. The caregiver persuades Esther to sign a contract with the caregiver that greatly favors the caregiver. If the contract is set aside, it will likely be on what grounds? A. Duress B. Mistake C. Fraud D. Undue influence 4. Jacques offers to paint Alisha's house for $100. Before Alisha responds, Jacques dies. Which of the following statements is true? A. There's no contract because Alisha failed to accept Jacques's offer before he died. B. Jacques's offer has been revoked. C. A representative of Jacques's estate must find someone to paint Alisha's house. D. A representative of Jacques's estate must paint Alisha's house for $100. 5. Which of the following is a necessary element both for fraud and for misrepresentation? A. A fiduciary relationship B. The intent to deceive C. A hidden problem D. A false statement 6. Jack is a mature-looking 17-year-old who lives at home with his parents. Jack wants to purchase an automobile. Jack goes to Discount Car Sales, where Bud, the car salesman, never considers that Jack may be a minor. Bud sells Jack a car, with the agreement that Jack will pay Bud $100 per month over the next five years for the car. Which of the following is true? A. Despite Jack's status as a minor, Bud can prohibit Jack from disaffirming a contract for a necessary (or basic) need. B. Bud can hold Jack's parents liable for Jack's contract, because Jack was a minor living in their home at the time the contract was formed. C. Jack c ...

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