- List and describe the three types of title. (25 pts)
- Sally, who has a candy shop, agreed to sell Ricky, a teacher, all the chocolate candy bears in her shop for treats for his class. Unfortunately, through no fault of hers, Sally's air conditioner went out and half of the bears partially melted. What are the rights and duties of the parties in relation to the contract? What would be your suggestion to Ricky? (25 pts)
- Briefly explain the definition of sexual harassment as stated by the EEOC and accepted by the U.S. Supreme Court. (25 pts)
Mike is a department manager and feels appealed by a newly hired college graduate Lisa. Both are single. Which one of the followings would you recommend to Mike? Explain why (Your recommendation can be different from these three).
1) Tell Lisa that he would like to further their personal relationship.
2) Keep a professional relation with her.
3) Change to a different department (or company) to further their personal relationship.
- Rebecca, a secretary at ABC Software Company, a publicly traded company, enjoyed snooping through the desk of her boss, Emma. One day while snooping, Rebecca came across information indicating that ABC Software was in the process of launching a new type of software that it was believed would be very profitable. Rebecca immediately purchased a large amount of stock in ABC Company and sold it for a nice profit after the product was made public. Her conscience was bothering her a bit, so she confessed her snooping to a friend, Jason. Jason told Rebecca not to worry because she could have no liability. Is Jason correct; and, if not, what theory of liability could be applied against Rebecca? Additionally, set forth the definition of insider under Section 10(b) and Rule 10b-5. (25 pts)