Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 22CP
Summary Introduction
Given situation:
Person I is a self-styled “tax rebel”. During the program on CBS News he reiterated his statement that nothing in the Internal Revenue Code specifies that a person is legally required to pay federal income tax, he challenged. Person N researched the matter and placed a call using CBS Morning News directory assistance claiming that the call was fulfilment of the consideration sought by person S in return for his promise to pay $100,000.
To discuss: Whether person N shall prevail in this case.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
JimmyCorps places several Facebook ads claiming that his magic tonic protects consumers from coronavirus. Harvey places an order for 50 gallons of the magic tonic to protect himself and his family. Meanwhile, the New York Attorney General commences prosecution of JimmyCorps for fraud—his magic tonic is simply a gallon of bleach, and consumers who have purchased it have become gravely ill or died. Still, JimmyCorps sues Harvey when Harvey refuses to pay for the 50 gallons of tonic he ordered. Can a judge force Harvey to pay JimmyCorps? Why or why not?
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
Brian Cleary and Rita Burke filed a suit against cigarette maker Philip Morris USA, Inc., seeking class-action status for a claim of deceptive advertising. Cleary and Burke claimed that “light” cigarettes, such as Marlboro Lights, were advertised as safer than regular cigarettes, even though the health effects are the same. They contended that the tobacco companies concealed the true nature of light cigarettes. Philip Morris correctly claimed that it was authorized by the government to advertise cigarettes, including light cigarettes.
Assuming that is true, should the plaintiffs still be able to bring a deceptive advertising claim against the tobacco company? Why or why not?
46 which of the following creditor policies is
permissible under the Equal Credit
Opportunity Act (ECOA
A) 20-year-old married applicant is individually
creditworthy, but the creditor requires a spousal
signature on the security instrument is located in
a community property state
B) A 20-year-old single applicant is individually
creditworthy, but the creditor requires a parental
co-signer due to the applicant's
C) A 75-year-old marred applicant is individually
creditworthy, but the creditor requires a spousel
signature because the spouse is younger more
likely to outlive the loan term.
D) A 75-year-old single applicant is individually
creditworthy, but the creditor requires a co-
signer because a portion of the applicant
qualifying income
from public assistance.
Chapter 10 Solutions
Smith and Roberson’s Business Law
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
Knowledge Booster
Similar questions
- In your role working as a paralegal or legal assistant for eHarbour, draft a memorandum to Daniel Hudson, the eHarbour general counsel, on how best to protect eHarbour’s intellectual property. Specifically, discuss the steps and benefits of safeguarding eHarbour’s intellectual property through: (1) registration of proprietary software developed by eHarbour with the U.S. Copyright Office; (2) applying for a registered trademark for the eHarbour name with the U.S. Patent and Trademark Office; and (3) protecting trade secrets with password protection and software encryption. (Please include introduction, conclusion and references)arrow_forwardPlease respond true or false to the following statements regarding intellectual property protections. There are only civil remedies for all form of intellectual property violations. Copyright protection never expires. Once federally registered, trademark protection can continue indefinitely provided the mark remains in use. Patent & Copyright registration is handled by the same organization in Washington DC. All patents last for 20 years.arrow_forwardthe major federal legislation in Canada that defines illegal practices, including price fixing, bid rigging, price discrimination, predatory pricing, double ticketing, resale price maintenance, bait and switch selling, and pyramid selling occurs when false or deceptive comparisons or distorted claims are made concerning a competitor's product, services, or property comprise principle and standards that guide behaviour in the world of business may be incurred when an unfair and untrue statement is made about a competitor in writing the statement becomes actionable when it is communicated to a third party and can be interpreted as damaging the company the foundation for partnering-style relationship, product, customer, and presentation strategies an attempt to influence the person receiving the "gift"prohibits joining a competing firm for a year after they leave mutual exchange of benefits, as when a firm buys products from its customer the buyer wants to do business with an institution…arrow_forward
- Which of the following regulations mandates that mortgage loan originators (MOS) are required to inform a consumer of their right to opt out from a lender disciosing nonpublic personal information about the consur to a nonaffiliated third party? A) Gramm Leach Bliley Act B) Truth in Lending Act (TILA) C) Equal Credit Opportunity Act (ECOA) D) Real Estate Settlement Procedures Act (RESPA)arrow_forwardMr. Nawa Maboshe is a minority shareholder in a company that recently built a clinic for a community in Lusaka that is ten kilometers from the nearest hospital. At a handover ceremony of the clinic to the people of Zambia, the government of Zambia commended and thanked the company for its gesture of corporate social responsibility. However, Mr. Maboshe plans to introduce a motion at the company’s next annual meeting to censure management for spending money on a project that did not advance the economic value of shareholders.REQUIRED:a) What is the relationship between strategy and corporate social responsibility?b) Discuss any THREE (3) reasons why a firm might engage in corporate social responsibility.arrow_forwardPrincess was appointed as the new Chief Executive Officer (CEO) of TSF Food Products Trading and Manufacturing Corporation due to the death of her father. Their company is open to public and had to adapt to being transparent to outside investors. There were pressures from the shareholders to reduce operating cost of the business in order to increase profits. In response to their request, Princess implemented cost cutting measures by means of imposing early retirement of employees who she felt could no longer cope up with the work so to decrease the digitize operation of the business. As expected, most of the employees were not happy upon knowing the situation and this affected the morale of their employees. Princess sought the assistance of Mark, the company’s HR manager. Mark suggested a comprehensive program wherein all employees would be evaluated based on achieving results by means of demonstrating to their employees that their performance affects company’s status. Those…arrow_forward
- Daniel is the listing broker for a seller. After marketing the property for several weeks, he still has not received any offers on the property. The seller then advises Daniel to advertise specifically to Hispanic buyers since the seller believes Hispanic buyers are likely to purchase more quickly using all-cash. How should Daniel proceed? Group of choice O. Daniel should immediately withdraw from the listing agreement. O. Daniel must explain to the seller that advertising specifically to Hispanic buyers is a violation of the federal fair housing laws and not follow through with the seller's instructions. O. Daniel must adhere to his fiduciary duty of obedience and follow through with the seller's instructions. O. Daniel should explain to the seller that this is unethical but still proceed with the seller's instructions.arrow_forwardANTHEM’S AVOIDABLE EMERGENCY ROOM POLICYAnthem, one of the largest healthcare insurers in the United States, implemented an“avoidable ER” policy to help manage the care of its enrollees. The policy stated thatAnthem would not pay for emergency room visits if the company determined that the visitwas not necessary. The policy, which was instituted in six states beginning in 2015, wasmeant to encourage patients to seek care in appropriate settings. However, providers feelthat this policy might cause patients to avoid emergency treatment, even when it isnecessary. In response to customer and provider complaints, Anthem created severalexceptions: Claims will be covered if a healthcare provider tells a patient to go to theemergency room, if the patient is under 15 years of age, if the patient is outside his or her state of residence, and if the patient had a CT scan or MRI or underwent surgery. Still,providers are unhappy with the policy (Livingston 2018). What other solutions could be used…arrow_forwardWhile tax-exempt entities are indeed generally exempt from paying Federal income tax, they must operate in ways that guarantee that they remain in compliance with tax laws governing their tax-exempt status. List and explain steps tax-exempt entities must take to protect their tax-exempt status.arrow_forward
- Widget Corporation is the manufacturer of many popular children’s toys but have seen a great decrease in sales and the board of directors is worried that the business may no longer be viable. The board decides to aggressively sue other toy manufacturers that have likely been infringing on Widget’s intellectual property, enter into a joint venture with a another company to build a new factory to reduce costs, and make large and notable donations to children hospitals as part of a PR campaign to raise the corporation's image. Additionally, the board decides to start manufacturing medical equipment to make up for the projected shortfalls in budget, even though the corporation was formed to make toys. Some shareholders are upset and sue the board of directors. (a) Which of the board’s actions fall into their express power and which are their implied power? Please explain why the actions would be categorized that way. (b) Would the ultra vires doctrine play a role in the shareholders suit…arrow_forwardSuture Express was a new upstart specializing in the medical supply network by selling only sutures. Owens & Minor was a medical supply distributor that carried all types of medical supplies, including sutures. Owens & Minor began bundling provisions that required its customers to pay a premium for all medical products unless the customer agreed to purchase its sutures. Suture Express brought suit alleging a loss to Owens & Minor through anticompetitive practices. Is this a tying situation that violates federal antitrust laws? Why or why not?arrow_forwardThe Robinson-Patman act a.) Is a part of the antitrust laws O b.) Makes it illegal to give a price discount on a good sold to another business c.) Makes it illegal to give a price discount on a good sold to final customers d.) Both a & barrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON