ALLIED BUS230 MODULE 4 HOMEWORK ASSIGNMENT

Homework Assignment IntroductionWelcome to the Module 4 Homework Assignment for BUS 230: Principles of Business Law I.This section prepares you to complete this assignment successfully. Please follow these instructions to complete and submit this assignment.You will create a document in either a .doc or .rtf format to record and save your work. If you have never created documents in an .rtf format, please visit the Academic Resource Center and click on Tutorials. You will then see a list of tutorials on the following page. Click on RTF Tutorial.Read the instructions carefully and review your work before you submit your assignment.Include a title page with this assignment. Your title page should follow standard APA formatting. Please view the .allied.edu/Pages/ViewPage.aspx?GroupID=189″>Title Page Example.When you are ready to submit the assignment, click the Start button at the bottom of the page to access the submission page and follow the instructions.Running head: [INSERT
TITLE HERE]

[INSERT
TITLE HERE]
Student
Name
Allied
American University

Author
Note
This
paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught
by [INSERT INSTRUCTOR’S NAME].

PART I
Directions: Please review
the questions below and write a 3-4 page essay analyzing each legal issue
presented in this week’s modules readings.
Please apply APA format with in text citing, reference list, and
double-space. Limit your word count to
2,000 words. Please visit the Academic
Resource Center for help with APA format.
If applicable, include arguments from
each side. If a criminal case exists,
you would present arguments from the prosecutor and the defense attorney. If it is a civil case, then you would argue
as a plaintiff and defense lawyer. Be
sure that your answers respond to the questions. Do not restate the problem in your
answer. Mention the facts where relevant to your analysis. If you
are asked for a recommendation, be sure to include one, but do not fail to
consider counterarguments. If your
answer depends upon essential information not set forth in the question, state
what that information is and how it affects your answer. If facts are missing in your argument, please
state what facts would be pertinent to each party’s case; also list any facts
or information that could potentially damage a party’s case.
Read the questions carefully and attempt
to answer each directly. Clear,
well-organized, and concise writing will be rewarded. If there are ambiguities in the questions,
discuss the ambiguity and how it impacts your answer. You may consult your text, lecture notes, or
outlines that you have personally prepared.
Submit your responses to
the following:

1. What is the parol evidence rule? When will a court allow parol evidence?

2. What is the statute of frauds? When does it apply? Why is it important? Research your state’s statute of frauds. What types of contracts are required to be in
writing according to your state’s statute of frauds? Please make sure to include which state you
research.

3. How is real property different from personal
property? Give several examples of each.

4. Find a prenuptial agreement online. What provisions are included in your
example? Is it important to have a
prenuptial in today’s society? Why and
who may want to gain one prior to marriage?

5. What does it mean when a party to a contract
assigns their rights? Who is the
assignor? Who is the assignee? Who is
the obligor? Why would someone want to
assign their contractual rights over to another person?

6. What does it mean when a party to a contract
delegates their obligations? Who is the
delegator? Who is the delegate? Who is the obligee? Why would a party to a contract want to
delegate their duty to another person?

7. Mr. Long
executed the following legal document: “In consideration for goods sold to
me on account by George Northman, I hereby transfer to George Northman all
claims I may have against H. Hall arising from his debt of $1,500 to
me.” (Signed) Thomas Long, March 21, 2004
a.
Who is the assignor?
b.
Who is the assignee?
c.
Why is Mr. Northman a party to this
document?
d.
Why is H. Hall a party to this document?

8. How does the possibility of performance
relate to the One Year Rule under the statute of frauds?

9. Thompson,
the owner of a successful floral shop, orally promised Franks, an experienced
floral arranger, a bonus of $10,000 and a monthly salary if Franks would work
for Thompson for two years. The bonus was to be paid at the end of the
two-year period. Franks actually did work for the full term of the oral
agreement. Will the statute of frauds prevent Franks from collecting the
bonus? Why or why not?

10. Cancho
assigned to Plonski the right to collect $500 from Pitt. Pitt, who was
not notified of the assignment, paid the $500 to Cancho. Can Plonski
collect the $500 from Pitt? Why or why not?
Correct
= (Students’ answers may vary.)
Hint
= p. 210
LO =
7B4

11. Discuss the
term e-signature, name the contracts that are not valid when signed with an
e-signature, and the media through which an e-signature can satisfy the written
requirement of a contract.

PART II

Module 4 Journal
Assignment
Directions: In this module, we learned that duties that
require a special talent may not be delegated without the permission of both
parties to the contract. Why do you
suppose this is the case? What issues
can you foresee with allowing these duties to be delegated? Please apply APA format with in text citing,
reference list, and double-space. Limit
your word count to 400 words. Please
visit the Academic Resource Center for help with APA format.