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(Solved by Expert Tutors) B.?????????????ContractsErma, a merchant,




Erma, a merchant,

receives a brochure from Ammco regarding some merchandise that is sold in Erma?s business.?Erma then sends in a purchase order ordering 25 units of merchandise (which exceeds $500.00 in value).?Ammco upon receipt of the order, sends a letter of confirmation containing additional information which states that the price did not include shipping and insurance costs and that the shipping costs and insurance would be added on to the total contract price.?While the goods were in transit, the truck was hijacked and all the merchandise, including Erma?s order.?What law is applicable to this transaction and why??Was there proper formation??Is the carrier liable for the stolen merchandise??Is Ammco liable??Is Erma liable??Discuss.
????????
?????C. Sarbanes Oxley Act
???????????????????????Analyze the following scenarios and determine which Title of the Sar Banes Oxley Act is applicable and explain the correct application of the law.
???????????1.?Whether or not a Chief Financial Officer or Chief Executive Officer is criminally liable for certifying reports that contain misrepresentation in the financial statement of a public corporation.
???????????2.?Whether or not a CFO or CEO is liable for using their respective position to influence an "audit report" of a public corporation.
???????????3.?Whether or not an outside auditing firm must report directly to the "internal auditing committee" of a public corporation.
???????????4.?Whether or not a manager or executive is criminally liable for "whistleblower retaliation".
???????????5.?Whether or not there is criminal liability for destruction of document with the intent to impede criminal investigation.
???????????6.?Whether or not a public corporation can make loans to managers and executives.
???????????7.?Whether or not a person who conspires with other to engage in fraudulent activities will receive the same punishment as those who actually engage in the fraudulent activity.
???????????Discuss each as the scenario applies to the Sarbanes Oxley Act.




Please underline or bold-type important terms, laws and phrases.?There is no correct answer.?The emphasis of this exam is the application of elements of each law.?The student will be evaluated in terms of discussing the elements and applying the elements in reaching a conclusion.? A decent answer should exceed one and half pages.????

 


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