Week 4 Project   Instructions Legal and Ethical Scenarios

Week 4 Project   Instructions Legal and Ethical Scenarios Select two of the scenarios provided below. Analyze the facts in the scenarios and develop appropriate arguments/resolutions and recommendations. Support your responses with appropriate cases, laws and other relevant examples by using at least one scholarly source from the SUO Library in addition to your textbook for each scenario. Do not copy the scenarios into the paper. Cite your sources in APA format on a separate page. Submit the paper to the Submissions Area by the due date assigned. Scenario 1—Bankruptcy Rusty Weaver, a project manager for the Tipton Machinery, filed a petition in bankruptcy under Chapter 7, seeking to discharge $75,000 in credit-card debts and $45,000 in student loans.  Weaver’s wife died and left him with two children, Paul, who attended college, and Diana, who was thirteen years old.  According to Weaver, Diana was an “elite” swimmer who practiced ten to fifteen hours a week and placed between first and third at more than thirty competitive events. Diana was homeschooled with academic achievements that were average for her grade level.  His petition showed monthly income of $5,325 and expenses of $5,200.  The expenses included annual homeschool costs of $8,200 and annual swimming expenses of $5,000.  The expenses did not include college costs for Paul, or airfare for his upcoming summer trip to Europe, and other items.  The trustee allowed monthly expenses of $4,227, with nothing for swimming, and asked the court to dismiss the petition. If Weaver qualified for Chapter 7, which debts would be discharged?  Which debts would not be discharged?  Why? Using the median income from your state, does Weaver qualify for Chapter 7? Should the court grant the trustee’s request?  Does Weaver have other options if the Chapter 7 petition is dismissed? Explain your answers and support them with relevant scholarly sources. Scenario II – Organizations and Liability Vance Armstrong was the sole incorporator of Triathlon Training Inc., a corporation designed to operate a training center for triathletes of all ages. The business was incorporated according to Florida law in January 2015, with Armstrong as the sole director and shareholder. Armstrong contributed $20,000 of starting capital, which was just enough to make minor repairs to the property he purchased for $400,000 with a loan from the bank. The corporation had no liability insurance. On June 15, 2015, the center opened for business. Over the next few months, the corporation operated with a profit. In July, Armstrong took a two-week vacation in France and used a check written on the company bank account to purchase his airline ticket. In September, Armstrong decided to have the pool resurfaced. Because business had slowed and the corporation’s bank account did not have sufficient funds, Armstrong wrote a personal check to cover the work. Armstrong feared he would not make enough money through the winter to turn a profit, so he decided to work a part-time job selling fitness equipment as an independent contractor for Bowflex. Armstrong used the training center’s office phone to make calls, the copy machine for copies, and the computer for searches. He made a substantial profit, which was maintained in a third bank account not associated with Triathlon Training or his personal account. On April 1, 2016, a child with a mild learning disability drowned in the pool while training for the local children’s triathlon. The parents brought a suit for wrongful death against Triathlon Training Inc. and against Armstrong in his individual capacity as owner. At the time of the suit, the corporation had less than $2,500 in its bank account. Because of these limited funds, the child’s parents hoped to recover most of their damages directly from Armstrong, who lived in a mansion on the beach. Will the parents be successful in holding Triathlon Training Inc. liable for the child’s death? What should the parents argue in order to hold Vance Armstrong liable in his individual capacity? Will the parents prevail? Why or why not? How could Armstrong have protected himself against this type of potential liability? Scenario III—Insider Trading During a session with her doctor, Billy Mooney, Maggie Mason mentioned in confidence the imminent merger of Walgreens with Rite-Aid. Mason’s ex-husband, Gus Mason, was on the board of directors at Walgreens. Mooney communicated the information to a securities broker, Olive Green, who immediately made trades in Walgreen’s securities for her own account and for her customers’ accounts. Did Mooney, Maggie Mason, Gus Mason, or Olive Green engage in illegal insider trading? Explain the potential culpability of each party. Include possible civil or criminal penalties for each party. Was the conduct of the parties ethical? Name your document SU_MBA5005_W4_LastName_FirstInitial.doc. Submission Details: Support your responses with examples. Cite any sources in APA format. Submit your document to the Submissions Area by the due date assigned.

Struggling to find relevant content? Order a custom essay on
Week 4 Project   Instructions Legal and Ethical Scenarios
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
This is great! Thank you
Customer 452679, December 16th, 2021
Nurse
Great work! Thank you for the quality you put in each assignment.
Customer 452707, February 4th, 2022
English 101
I'm glad i came to you guys
Customer 452519, May 11th, 2021
Social Work and Human Services
Excellent!
Customer 452587, August 3rd, 2021
Social Work and Human Services
Excellent Work!
Customer 452587, August 24th, 2021
Human Resources Management (HRM)
Thanks for your assistance.
Customer 452701, November 9th, 2022
IT, Web
Paper was great and accomplished everything I needed.
Customer 452885, October 27th, 2022
Other
Great Work!
Customer 452587, March 10th, 2022
Classic English Literature
Nicely done. Ty. Worth every penny.
Customer 452455, June 6th, 2021
Nursing
Awesome work!!!!!!
Customer 452453, March 24th, 2021
Education
Thank you so much for all the help, I really appreciate it!
Customer 452631, November 3rd, 2021
Medicine
Thank you for the great services
Customer 452635, April 24th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
error: Content is protected !!

Save More. Score Better. Use coupon code SPECIAL for a 15%discount