Legal Issues in Business Organizations Part I

Read the scenarios and the questions that follow. Identify and analyze the legal issue(s) as instructed. Apply legal concepts and make potential arguments as directed using laws, cases, examples, and/or other relevant scholarly materials. Consider using short headings (consult APA materials) to separate the topics.  Summarize the facts; do not copy the scenarios into the paper. After you have answered the questions propose recommendations to help the organization avoid at least three of the issues identified in the scenarios in the future. Support your answers with information from the textbook and at least three scholarly sources other than the text and course lectures. By Week 3, Day 6, prepare a 5 to 8-page paper that identifies the legal issues and potential solutions and answers all questions presented, supported by relevant legal authority. Properly cite all sources using APA format. This assignment requires application of the concepts learned in Weeks 1–3 and is worth significantly more than previous assignments.

Part 1 – Business Organizations

Donny Woods, Jamaica Johnson and Gerald Smith met while working at Applebee’s and attending college in Tampa. Donny and Jamaica attended South University to study business, while Gerald attended the Art Institute for culinary management. The three friends were tired of working for someone else and planned to open their own restaurant and bar in a growing area of Tampa.

Part 2 – Dishonored Checks

The restaurant provides catering services to local businesses. Corporate clients paid by check or electronic transfers. A new customer paid for a catering order with a check for $575, made payable to [Restaurant Name]. Woods took the check to the bank the next afternoon and was informed that the customer’s bank issued a stop payment on the check. 

Part 3 – Liability on Negotiable Instruments

Woods, Johnson and Smith hired a bookkeeper, Janie Johnson, and gave her general authority to issue company checks drawn on Bank of America so that Johnson can pay employees’ wages and other company bills. Johnson decides to cheat her employers out of $7,500 by issuing a check payable to the Bayfood Distributors, one of the suppliers of seafood and fresh local produce. Johnson does not intend for Bayfood to receive any of the money, nor is Bayfood entitled to the payment. Johnson indorses the check in Bayfood’s name and deposits the check in an account that she opened in Wells Fargo Bank in the name “Bayfood Dist. Co.” Wells Fargo accepts the check and collects payment from the drawee bank, Bank of America. America charges [Name of Restaurant] account $7,500.  Johnson transfers $7,500 out of the Bayfood account and closes it. [Name of Restaurant] discovers the fraud and demands that their account be re-credited.

Part 4 – Breach of Contract

Woods ordered 10 tables to seat parties of two, 25 square tables to seat parties of four, 5 tables to seat larger parties and 150 chairs. The tables were specially orderedFinance problems. need @risk skill to analysis,Business & Finance,,

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