The required components for each question include: Title page Issue for Question
ID: 443089 • Letter: T
Question
The required components for each question include:
Title page
Issue for Questions 1-4
The Applicable Rules for Questions 1-4
The Application of the Rules for Questions 1-4 to the fact pattern in Questions 1-4
The Conclusion (the answer to the question asked in Questions 1-4)
References
APA Format
This method is called the "IRAC" analysis. For this assignment you will need to have 1 title page and 1 reference page. Please note that for each question you will need to provide a separate "IRAC" Analysis. Please provide a separate heading for each question (ie. Question 1 IRAC). Make sure that you include the Issue, Rule, Application of the Rule and the Conclusion for each question. Also make sure that you label them so that I know when you are discussion the Issue, Rule, Application of the Rule, and the Conclusion for each question. Incomplete analysis of questions will result in a deduction of points.
Due Sunday Night at Midnight
1. Under what circumstances would Mom’s Tools & Hardware, a small store in the middle of Nowhere, a small, isolated town, be considered a monopoly? If Mom’s is a monopoly, is it in violation of antitrust law?
2. Syntech Corporation makes computers. Total Digital, Inc., is a chain of retail computer stores. Syntech and Total Digital merge. Syntech is the surviving entity. What factors determine whether this merger is illegal under the Clayton Act?
3. Jean leaves her prom dress with Kwik ‘n Kleen Launderers to be cleaned and altered for the dance. On its return, the dress is greasy and smells bad, and the alterations burst at the seams. Who suffers the loss and why?
4. Patty, who is divorced, owns a house. She has no reasonable expectation of benefit from the life of Quinn, her ex-spouse, but she applies for insurance on his life anyway. She also obtains a fire insurance policy on the house, which she later sells. Five years later, Quinn dies and the house is destroyed in a fire. Can Patty obtain payment on either the death of Quinn or the loss of the house? Explain.
Explanation / Answer
Case 1
Under what circumstances would Mom’s Tools & Hardware, a small store in the middle of Nowhere, a small, isolated town, be considered a monopoly? If Mom’s is a monopoly, is it in violation of antitrust law?
Title :Monopoly & Antitrust Law
Issue :
1 ) Shop : Mom’s Tools & Hardware
2)Located in small town
3)Type of monopoly
Rule :
Antitrust laws - also referred to as "competition laws" - are statutes developed by the U.S. Government to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Antitrust laws are applied to a wide range of questionable business activities.
Application :
This rule can be applicable to big cities , organizations etc
Conclusion :
Here the discussion is about whether to apply antitrust law or not.See anti trust law is applicable where the monopoly exists.But in this case , as this is small town , so Moms Hardware have chance to continuous business as there is no any other option.
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Case 2
Syntech Corporation makes computers. Total Digital, Inc., is a chain of retail computer stores. Syntech and Total Digital merge. Syntech is the surviving entity. What factors determine whether this merger is illegal under the Clayton Act?
Title : Entity Merging
Issue :
1 ) Syntech Corporation makes computers
2) Total Digital, Inc., is a chain of retail computer stores
3)Merging of above organization
Rule :
Clayton act:
An amendment passed by the U.S. Congress in 1914 that provides further clarification and substance to the Sherman Antitrust Act of 1890. The Clayton Antitrust Act attempts to prohibit certain actions that lead to anti-competitiveness.
Application :
This law can be applied to companies that leads to anti-competitiveness.
Conclusion :
In above case as per the Clayton law , if this merging does not lead to anti competitiveness then this merging will not be illegal.or vice versa
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Case 3
Jean leaves her prom dress with Kwik ‘n Kleen Launderers to be cleaned and altered for the dance. On its return, the dress is greasy and smells bad, and the alterations burst at the seams. Who suffers the loss and why?
Title :Legal Obligation In Services
Issue :
1)Jean leaves her prom dress with Kwik ‘n Kleen Launderers to be cleaned and altered
2) On its return, the dress is greasy and smells bad
Rule :
John needs think about this service is legally obliged or not.If obliged then that laundry person can pay the loss or else no.
Application :
This rule is applicable to all other general services.
Conclusion :
In above case first we need to check about the service legal obligation .
If its legally obliged : Laundry person will pay the loss to John
If its not legally obliged : Laundry person will not pay the loss to John
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Case 4
Patty, who is divorced, owns a house. She has no reasonable expectation of benefit from the life of Quinn, her ex-spouse, but she applies for insurance on his life anyway. She also obtains a fire insurance policy on the house, which she later sells. Five years later, Quinn dies and the house is destroyed in a fire. Can Patty obtain payment on either the death of Quinn or the loss of the house? Explain.
Title :
Insurance & Its Obligation
Issue :
1 ) Patty, who is divorced, owns a house.
2 ) She has no reasonable expectation of benefit from the life of Quinn, her ex-spouse
3) She applies for insurance on his life anyway
4 ) She also obtains a fire insurance policy on the house, which she later sells
5) Five years later, Quinn dies and the house is destroyed in a fire.
6) Can Patty obtain payment on either the death of Quinn or the loss of the house? Explain.
Rule :
Here the insurance of life coverage , property insurance have been discussed.
Application :
These insurance are discussed from the Patty's point of view
Conclusion :
Here as the fire insurance already sold , the fire insurance is not applicable for John .She can apply for other insurance n the death of Quinn as she is nominee for that insurance.
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