BUSINESS LAW 1 SHORT ANSWER HOME WORK ASSIGNMENT

Business Law 1 Short Answer Home Work Assignment
Name
Institutional Affiliation
Abstract
The business environment is one pivotal sector that demands adequate control through rules and regulations that govern how they operate. As such, the business law and the legal setting are crucial elements that must always work in liaison for the betterment of services and well as improved functionality dictated by law. In this particular essay, three questions form the subject of discussion. First, joint ventures are one of the most common yet frequently misunderstood forms of business. It involves collective decision making and liability. Therefore, the Jerome and Gary’s actions affect Sheila and the complainant can recover the damages. In the second case, the cranberry growers acted in violation of fair trade environment and antitrust laws giving them an unfair advantage over the competitors. Lastly, the Ellis case is weak because individuals cannot be held culpable for offenses committed at a corporate level even if they are the proven company owners. Corporate responsibility deviates from individual liability.
Chapter 41
Question 2
The case presented in this scenario is a joint venture among three people namely Jerome, Gray, and Sheila. Twomey & Jennings (2014) describe joint venture as a relationship between two or more people with the aim to share profits as well as loses in equal proportion. To this extent, the suit against Meadowbrook Playground affects all the three parties even if Sheila was not involved in putting up on the swings.

Therefore, the plaintiff in the case can recover the damages caused to the injured child based on the determination of the court. In essence, the negligent act by Jerome and Gary subjects Sheila to culpability by being in a joint venture.
Question 10
In any business environment, the State conceives a fair playing field, and that is the reason regulations come in handy. In this particular case, the agreement by the cranberry growers is a perfect representation of what an unfair business environment looks like in reality. Like observed by Goodward, the growers are acting in a manner as to create a discriminatory trading environment. Therefore, he is right in making such claims as the action is a restraint of trade and a violation of antitrust laws. In the United States, antitrust laws are set to regulate the conduct of business corporations with the aim of encouraging fair competition, all to the benefit of consumers.
Chapter 44
Question 1
The case of Ellis v. Edwards, 348 S.E.2d 764 (Ga. App.) presents a somewhat challenging scenario whereby the corporate owners are supposedly meant to be liable for the existing contractual responsibility. Since Ellis agreed with the EEE Inc. and not the individual owners, the duo has an insufficient level of liability. Therefore, it is my opinion that the claims by Ellis are not substantive since Edwin Edwards and Karen Davis cannot be held responsible for corporate debts or failure to honor contracts even if it can be proven that they are the rightful owners of the business for which gasoline was supplied.
References
Ellis v. Edwards, 348 S.E.2d 764 (Ga. App.). Accessed on 6th April 2018 from https://www.leagle.com/decision/1986481180gaapp3011358.
Twomey, D. P., & Jennings, M. (2014). Anderson’s business law and the legal environment: Comprehensive volume (22nd ed.). Mason, Ohio: South-Western/Cengage Learning.