Business Law Solve Problems Assignment | Get Paper Help

This exam includes course topics covered subsequent to the Midterm Exam (Weeks 10 through 14). Each of the 3 fact scenarios is of equal value. Explain/justify your responses to the questions presented in each scenario. It is an untimed, open book and open note exam. There are no minimum or maximum word requirements for your responses. You may make assumptions if necessary; however, state in your response what assumptions you are making. You can either answer the questions presented on this sheet by typing your responses below or submit a separate sheet of paper with your responses. Your answers must be your own work product. Do not discuss the scenarios or questions presented in this exam or your responses with any class member prior to the exam’s submission due date/time. Additionally, for Extra Credit, you may answer the Optional Extra Credit Assignment question set forth below following the 3 Final Exam fact scenarios. It will be worth up to a maximum of five (5) points on your Final Grade

LONE STAR COLLEGE – NORTH HARRIS

SPRING 2020 SEMESTER

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FINAL EXAM FOR

BUSI 2301-1001 – BUSINESS LAW

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Complete and submit the Final Exam in the Dropbox File provided in D2L, below, on by 11:30p.m. on Friday, May 22nd. No extensions of time for submission will be granted.  The Final Exam consists of 3 fact scenarios. Answer the questions presented in each of the 3 fact scenarios. This exam includes course topics covered subsequent to the Midterm Exam (Weeks 10 through 14). Each of the 3 fact scenarios is of equal value. Explain/justify your responses to the questions presented in each scenario. It is an untimed, open book and open note exam. There are no minimum or maximum word requirements for your responses.  You may make assumptions if necessary; however, state in your response what assumptions you are making.  You can either answer the questions presented on this sheet by typing your responses below or submit a separate sheet of paper with your responses. Your answers must be your own work product.  Do not discuss the scenarios or questions presented in this exam or your responses with any class member prior to the exam’s submission due date/time.

Additionally, for Extra Credit, you may answer the Optional Extra Credit Assignment question set forth below following the 3 Final Exam fact scenarios.  It will be worth up to a maximum of five (5) points on your Final Grade.

Good luck – and enjoy your summer!

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For the Final Exam, answer the questions presented in each of the following 3 factual scenarios:

1. In December of 2019, Tom obtained a Final Judgment against Jerry in a State District Court in Harris County, Texas in the amount of $225,000.00.  At all relevant times, Tom and Jerry have both been residents of Harris County, Texas, and have done business in Harris County, Texas.  Jerry has not paid or attempted to pay the Judgment and has avoided efforts by Tom to try to arrange an installment payment arrangement with him to get the Judgment paid.  What options, if any,  are there available to Tom to try to collect on the Judgment?  What options, if any, are there available to Jerry to try to avoid paying the Judgment?

2. Ramius has property in Duval County, Texas, that he is attempting to lease to different oil companies. Geological surveys indicate that there are oil and natural gas deposits on the property. Putkin does not want Ramius to prosper from any oil and gas drilling, so he starts spreading false rumors that Ramius does not own the property, that there are liens on the property, and that the geological survey reports are false. Can Ramius sue Putkin?  If so, for what?

3. Jackie, Jennifer and Jesse, each a Texas resident living in Houston, are the sole members of a Texas general partnership formed in 2010 called “Swim City”. This Houston-based partnership manufactures, sells and installs outdoor swimming pools in the states of Louisiana and Texas. The partners want to continue to be active in the management of the business and to expand the business into other states as well. They need additional money to expand their business; however, they do not want to lose control of the business. They are also concerned about relatively large recent judgments entered against other swimming pool companies throughout the United States and desire to limit their liability as best they can. Based upon these facts and objectives, what is their best option to attain their goals?

For the Optional Extra Credit Assignment, answer the following questions:

                What do you see as the major business risks facing U.S. companies operating in foreign countries in 2020?  How, if at all, can a U.S. company operating in a foreign country mitigate such business risks in 2020?