Business Law week 4 DQ

06Jan 2022 by

 The discussion assignment consists of two parts. Elaborate on the question for Part 1 and answer Part 2.
Discussion Question Part 1
for the chosen scenario listed below and explain the best solution for each. Include comments related to any ethical issues that arise. You should locate at least one scholarly source from the internet  or one case that has been decided or is currently pending to support your answer.

Scenario  Debtor Creditor

In partnership with American Express, Porter Cable requests that all employees at the rank of supervisor and above apply for a corporate credit card to be used for pay for travel, training and similar expenses.   Ima Krimnel, the manager of the distribution center, was issued a corporate card and used it to take her husband to Hawaii for their 20th wedding anniversary.

If Krimnel does not pay the charges, is Porter Cable liable? Why or why not?

Discussion Question Part II

Based on the business you started in Week 1, answer the following questions in one to two paragraphs. Use laws, examples or cases to support your response.

Consider the product or service you selected in Week 2. Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy.  Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option.
What type(s) of insurance policies will you need for your business? Identify a company located in your state that can supply at least one of the insurance policies you will need.