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Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), the term(s), and/or any other thing that you felt was worthy of your understandin
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), the term(s), and/or any other thing that you felt was worthy of your understanding.
Required Text(s): 1. Jennings, M. (2018). Business: Its legal, ethical, and global environment (11th Edition). Cengage Learning, Boston, MA.
Chapter 12: Contracts and Sales
Chapter 13: Product Advertising and Liability
Chapter 14: Products: Business Intellectual Property
Chapter 15: Business Competition: Antitrust
Also, provide a graduate-level response to each of the following questions:
- Sly Salesperson sells cars. While selling a car, Sly Salesperson tells the potential buyer that “this is the best car around. It’s a great car and sips gas.” The car has an average fuel rating. Has Sly Salesperson committed a misrepresentation? Fraud? Why or why not? Does the analysis change if Sly Salesperson says the car get 40 miles per gallon, but in fact, the car only gets 30 miles per gallon?
- What factors have courts considered when evaluating factual statements versus opinion-based statements? Could there still be a liability for purely opinion-based statements?
- Explain what the Robinson-Patman Act prohibits, what is required to show a violation, and what the defenses are.
- Explain the differences in patents, copyrights, and trademarks, including the length of each and examples of each.
