CO1 Define the legal environment that is applicable to the business world.
CO2 Review basic business law concepts
CO3 Describe the litigation system in the United States
CO4 Apply legal concepts to business to business scenarios
CO5 Analyze the differences between major forms of intellectual property protection, and current ethical issues that arise under intellectual property law
CO7 Analyze what a contract is, how a contract is formed, the types of law that govern contracts, the elements of common-law contract formation, and defenses to contracts
Instructions: Jimmy invented a device to determine whether people are actually zombies. He calls it AreYouThere? Jimmy wants to form a company and sell a million of the AreYouThere? devices. Using only the material found in the required readings, in 150 – 250 words, discuss three types of intellectual property that apply to Jimmy.
Jimmy also realizes that he needs cash for his start-up costs. He tells his rich Aunt Jane that he needs money for school. She says okay but then finds out about the Zombie company and refuses to write Jimmy a check. Jimmy sues his Aunt for breach of contract. In 150 – 250 words, using the defenses to contract article within the Judicial Education Center in the required readings, discuss two possible defenses that may be available for Aunt Jane.