Bus 311 Business law Assaignmnet

Review the assignment instructions for the Final Paper in Week Five.
Submit an outline for your Final Paper that includes the following:
·
Develop an
introduction with a thesis statement for the Final Paper.
·
Create an
outline of the major headings with a two- to three-sentence description of what
you will discuss under each heading.
·
Provide a
references page for the sources used in the Final Paper (the Final Paper has a
minimum requirement of five scholarly sources).
o
State the
complete bibliographic citation for the scholarly source following APA
guidelines
o
Below is the
stats for the final paper
o
You are the
manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on
ground display fireworks, and large aerial display fireworks. The company
started in the owner’s garage two years ago and now has 15 employees that you
manage. The company started as a sole proprietorship, and the owner has never
changed the entity. The owner has informed you that the company has received
inquiries from several large businesses wondering if the company could create
several fireworks displays on a regular basis. The owner told the inquirers
that the company could fill such display orders, and a price per display was agreed
upon. It was discussed that most of the cost for a fireworks display is for
skilled labor, insurance, and the actual service of setting off the fireworks.
No other details were discussed. The owner is anticipating that new employees
will need to be hired, but he is worried that if the large orders for fireworks
displays do not continue, the company will not have the funds to pay the new
employees. The owner is now considering changing the business entity, but he
does not know what entity to form or how to form it.
o The owner has asked you to do the following:
§ Determine if the contracts with the businesses will
be governed by common law or the Uniform Commercial Code (UCC), and explain
why.
§ Analyze whether the owner formed a contract with
the businesses, and apply the five essential elements of an enforceable
contract.
§ Explain the potential personal liability to Acme
Fireworks if a spectator is injured by a stray firework from a fireworks
display.
§ Discuss the different employment types and
relationships relevant to agency law, and analyze the advantages and
disadvantages of each type specific to Acme Fireworks.
§ Explain why Acme Fireworks should not operate as a
sole proprietorship. Recommend a new business entity, and provide rationale to
support your recommendation.
For each task, be sure to analyze the relevant law,
apply the facts to the law, and make a conclusion