w6 & w7 Discussions bla

PART 1: ** PLEASE PUT IN SEPERATE FILE

The Stone v Ritter case in this week’s resource videos talked about a company in which The Business Judgment Rule was applied to avoid liability. For this week’s discussion board answer the following questions:

Analyze the provisions of this rule.

How was this rule applied in the Stone case?

Do you agree or disagree with the Court’s decision, explain why?

Pick an ethical theory from Chapter 2 – Week 1 and analyze it in conjunction with the issues in this assignment

PLEASE ONLY USE RESOURCES BELOW:

From      the following textbook from Saylor Organization Resources The Saylor      Foundation -CC BY NC SA Foundations of Business LawLinks to an external      site., please read

Chapter      20 – Partnerships – General Characteristics and Formation, pages 694 – 706

Chapter      21 – Partnerships – Operations and Terminations, pages 725 – 752

Chapter      22 – Hybrid Business Forms, pages 773 – 803

Chapter      23 – Corporation – General Characteristics and Formation, pages 807 – 818      and  821 – 827

Chapter      25 – Corporate Powers and Management, pages 878 – 904

From      the following textbook from Saylor Organization Resources, The Saylor      Foundation -CC BY NC SA  Advanced Business Law and the Legal EnvironmentLinks      to an external site. please read:

Chapter      5 – Administrative Law, pages 179-195

Please      watch the following Law Shelf videos:

Overview of      Business OrganizationsLinks to an external site.

Business      Judgment RuleLinks to an external site.

The      Principal-Agent RelationshipLinks to an external site.

Piercing      the Corporate VeilLinks to an external site.

PART 2: This week you learned about different chapters of bankruptcy, voluntary and involuntary filings, stays, reorganization of debts, and liquidation of debts.  In conjunction with that learning and secured transactions, review the following scenario and answer the questions:

Julie and Ralph have a small mortgage on their home.  They have $30000 in equity in the house.  Concerned about keeping the equity in their home, Julie and Ralph transferred ownership of the house to her sister.  They also have student loans and almost $10,000 of credit card debt. Ralph lost his full-time job 6 months ago and is not eligible for unemployment. Julie works part-time but can’t cover all the bills. They have been talking about their options including bankruptcy for the past 4 months.

The credit cards were used to take a nice vacation a month ago ($2000) and buy tools ($8000) that Ralph will use to start their own business sometime in the future.  The tools are stored in their garage.  They are still paying on their car loan but are 2 months behind on that too.

What options do they have regarding bankruptcy?

How do secured transactions factor into this scenario, if at all?

What is likely to happen if they file bankruptcy?

Consider ethics from Chapter 2 – Week 1 in your decision.

PLEASE ONLY USE RESOURCES BELOW:

From      the following textbook from Saylor Organization Resources  The Saylor      Foundation -CC BY NC SA -Foundations of Business LawLinks to an external      site. please read

Chapter      24 – Legal Aspects of Corporate Finance (Section 24.4 Enron and      Sarbanes-Oxley Act), pages 858 – 861

Chapter      26 – Securities Regulation, pages 920 – 936

Chapter      28 – Antitrust Law, pages 974 – 992

From      the following textbook from Saylor Organization Resources  The Saylor      Foundation -CC BY NC SA – Advanced Business Law and the Legal EnvironmentLinks      to an external site. please read:

Chapter      21 – Bankruptcy, pages 992 – 1012

Please      watch the following Law Shelf videos:

Overview of      Secured TransactionsLinks to an external site.

Perfection      of a Security InterestLinks to an external site.

Overview of      BankruptcyLinks to an external site.

** I ALSO NEED SOME HELP WITH SOME RESPONSES FOR 2 STUDENTS PER PART