BUS 670 Legal Environment/ week 3 discussion 1/ week discussion 2 / week 1 assignment

DISCUSSION 1

After viewing The Crisis of Credit Visualized (Links to an external site.)Links to an external site. video, respond to each of the following:

• • How could government regulations have prevented or mitigated the credit crisis of 2008?
  • Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:
  • the greater good
  • business

• DISCUSSION 2
• Administrative Law and Business

• Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses in general and on small businesses in par­ticular. What role do you believe government regulation should play to ensure ethical conduct by businesses? How do different political viewpoints potentially shape the answer to this question?

  THREE WEEK ASSIGNMENT

  Elements of a Contract

  Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears:

  “The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.”

  • Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.
  • Explain why this contract is governed by common law or the Uniform Commercial Code (UCC).
  • Examine at least two circumstances in which this non-compete agreement would be unenforceable.

  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 must cite three scholarly sources in addition to the textbook