MGMT 520 Midterm new v3

1. With the credit-card contracts, credit-card companies can unilaterally change the interest rate. Discuss whether there should be any requirements of reasonableness or fair dealing implied in the agreement. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.

2. The technology involved in cell phone Virtual Wallet payment systems may cross over many types of intellectual property or IP. Discuss the different IPs that may be involved and how protection of those differs. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.

3. If tire manufacturers or retailers were sued for defective tires, would they have any defenses? Why or why not? Discuss what legal theories of recovery might be presented by an injured plaintiff. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. Be specific when describing causes of action and possible defenses. (Points : 30)

4. Because tires are a part of an inherently dangerous activity (Driving) should manufacturers and retailers be subject to strict liability for defective tires? Why or why not? What defenses might be argued? Would they be successful? (Discuss strict liability which normally means no defenses for design defect, manufacturing defect or failure to warn. Almost research express warranties and the implied warranty of merchantability and the implied warranty of fitness for a particular purpose. Would negligence exist here as well? What about defenses such as assumption of the risk, contributory negligence, misuse of the product?

5. (TCO B) In thinking about the different types of product defects discussed in your text, which types of legal theories of recovery might be involved in a lawsuit about separating tires? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. Be specific when discussing the various causes of action and what defenses might be argued. (Points : 30)