Timed Midterm – Legal, Political, and Ethical Dimensions of Business

TIMED MIDTERM, NEEDS TO BE COMPLETED IN 2.5 HOURS AFTER HANDSHAKE

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Here is the info of what will be on the midterm, cannot post questions until have secured a tutor for it.

Consists of 5 ESSAY questions that must be very detailed.

(TCO A) If Congress passed a law making an activity specifically legal, would that automatically make it ethical? Why or why not? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. (Points : 30)

(TCO B) In thinking about the different types of product defects discussed in your text, which types of legal theories of recovery might be involved in a lawsuit about separating tires? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.  Be specific when discussing the various causes of action and what defenses might be argued. (Points : 30)

(TCO C) 
If tire manufacturers or retailers were sued for defective tires, would they have any defenses? Why or why not? Discuss what legal theories of recovery might be presented by an injured plaintiff. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. Be specific when describing causes of action and possible defenses. (Points : 30)

 (TCO E) The representatives of credit card companies state that the law does not need to get further involved because competition will resolve any problems. Discuss the potential power differential between the credit-card company and the consumer in contracts. Discuss the concept of an unconscionable contract and argue whether such concept might apply in the credit card situation. What about the credit card agreement?  Is it written in reasonably understandable terms and 
in a font that all consumers can read and comprehend? Would it matter if the UCC applied to a transaction?  
What restrictions has Congress placed in recent years on the solicitation and issuance of credit? What further legislation would be appropriate for regulating the credit card industry?  Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. (Points : 30)

(TCO G) The technology involved in cell phone Virtual Wallet payment systems may cross over many types of intellectual property or IP. Discuss the different IPs that may be involved and how protection of those differs. Also describe the generic criteria for patents, copyrights, trademarks and trade secrets. If intellectual property rights are violated, what could the owner of the intellectual property recover in court for the infringement? What relief would they be seeking?  Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. (Points : 30)

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