IRAC Analysis - Fact Patterns

Instructions
Please provide your written analysis for the questions 1-4 below.
The required components for each question include:
Issue for Questions 1-4
The Applicable Rules for Questions 1-4
The Application of the Rules for Questions 1-4 to the fact pattern in Questions 1-4.
The Conclusion (the answer to the question asked in Questions 1-4)
References in APA Format.
This method is called the "IRAC" analysis.
For this assignment, you will need to have 1 reference page.
Please note that for each question you will need to provide a separate "IRAC" Analysis.
Please provide a separate heading for each question (ie. Question 1 IRAC).
Make sure that you include the Issue, Rule, Application of the Rule and the Conclusion for each question. Also
make sure that you label them so that I know when you are discussing the Issue, Rule, Application of the Rule,
and the Conclusion for each question.
Incomplete analysis of questions will result in a deduction of points.
Andy leases to Burgertown Franchise Corporation a 10,000 square-foot building under a written lease with a
twenty-year term, rent payable an nually. The lease includes a clause stating that Burgertown is re sponsi ble for
making all necessary repairs, including rebuilding the structure after its destruction by any cause beyond
Andy’s control. The lease does not include a clause concerning its assignment. One day after the tenth rental
payment, Burgertown, without Andy’s knowledge or consent, as signs its interest in the lease to Chicken Hut
Restaurants, Inc. Mean while, Andy dies and Donna inherits Andy’s interest in the building. Without the
knowledge or consent of either Burgertown or Chicken Hut, Donna sells the building to Eagle Investments, Inc.
The next month, the building is destroyed in the flood of a nearby river. Burgertown rebuilds it and files a suit
against Eagle for the expense. Eagle responds that the lease has terminated. Is Eagle correct? If so, when did
the lease termi nate? If not, is Eagle liable for the cost of re building the structure? Why or why not?
Ace Property Company is a subsidiary of Beta Investments, Inc. Ace op erates a hazardous waste disposal site.
ChemiCo is one of many parties who generate waste disposed of at the site. Ace borrows money from Delta
Bank, which takes over the site when Ace goes bankrupt. The bank sells the site to Eagle Company. The
Environmental Protection Agency discov ers a leak at the site. Can any of these private parties be forced to pay
for the cleanup? If so, who?
The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and
employment markets. They are considering either opening their own production facility in a foreign country or
enter ing into a licensing agreement with a foreign firm. What are the advan tages and disadvantages of each of
these courses of action?
Best Cooking Sauces, Inc., a U.S. business firm, makes and sells distinc tively flavored cooking sauces.
Although the recipes are secret, the ingre di ents could be revealed and the sauces could be reconstructed with
diligent efforts. What can Best do to prevent its products from being “decoded” and pirated abroad?