Week 1 Discussions and Assignment – Legal Environment

Disc 1

Constitutional and Legal Underpinnings of Business Law

Review the Constitution in Appendix A and ; choose one of the following
sections of the U.S. Constitution or a specified amendment to use as the basis
for your initial response:
Any of Congress’s enumerated powers under Article
I, Section 8
1st Amendment
4th Amendment
5th Amendment
14th
Amendment

Identify the section of the Constitution or its amendment that you have
chosen. Discuss how this section of the Constitution or its amendments both
limit and protect business in general. Describe an example of how the section of
the Constitution or its amendment that you have chosen could be applied to your
professional life (past, present, or future). In your example, discuss whether
the section of the Constitution you have chosen to address limits business or
protects it.

Disc 2

Review ; the “At&t pulls $39 billion t-mobile bid
after U.S. opposition.”
article.

In 2011, AT&T attempted a merger with T-Mobile. The Justice Department
sued under the act, claiming that the merger would constitute a violation of the
antitrust laws. In 2012, AT&T dropped its attempt at the acquisition.

If AT&T had merged with T-Mobile, would the merger have violated
antitrust laws? Why or why not? Do not be unduly influenced by the Justice
Department’s stance on the issue. Use your own analysis to reach a conclusion.

Assignment

Legal Underpinnings of Business Law

Imagine that you own each of the following businesses:

Tinker’s Home
Security Service (sole proprietorship)
Tinker & Tailor’s Home Security
Service (general partnership)
Tinker & Tailor’s Home Security Service
(LP)
Tinker & Tailor’s Home Security Service, Inc.
(corporation)
Tinker & Tailor’s Home Security Service, LLC (LLC)

The businesses are being sued for breach of contract. Create a matrix that
lists each business, and compare and contrast your personal liability exposure
as an owner as a result of the lawsuit.
For each business entity, analyze how you might limit your liability
exposure as an owner.
Describe a business that you may own some day or that you currently own.
(Even if you never plan to own a business, pretend as if you will do so for the
purposes of this assignment.) Examine the best business organizational form for
the business that you have described, including in your examination personal
liability exposure, management, taxation, and ease of formation.

Submit a four- to five-page paper (not including title and reference pages).
Your paper must be formatted according to APA style as outlined in the approved
APA style guide and you must cite at least three scholarly sources in addition
to the textbook.

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