In a 1-2 page paper, summarize your findings and decisions on the following case studies. Be sure to explain your reasoning and the law(s) from which you derived your decisions. Be sure to include a reference list citing any sources that you use in your decision making process. All sources should be cited using the APA format.
Case Study #1
Gladys and Sam married. When they bought a house, Sam's father signed the mortgage note with them, and made the monthly house payments. Several years later, Gladys moved out of the house and Sam's father stopped making the monthly payments. Shirley moved into the house with Sam, but they did not make any payments on the house mortgage. The mortgage company told Gladys to make the payments. Gladys took a business law course many years before and remembers the terms third-party beneficiary, and novation. Can either of these principles help her?
Case Study #2
Stanley and Garcia were both minors. Stanleybought Garcia's baseball card collection for $1,000. Stanleythen sold the collection to American Collectors Company for $1,500, saying he was 22 and it was his collection. Two weeks later, Garcia decided she wanted the collection back. Discuss the rights of all the parties.
2nd essay
Use this site to research information on "Internet Fraud" and "Internet Fraud Statistics". Use Microsoft Word to create 1-2 page essay that responds to the following.
Why do you think Internet fraud has resulted in many new business laws and regulations? Do you feel that there are differences in face-to-face business law, than there are in Internet business law? Why or why not? How would it affect a business in being aware of Internet fraud and the laws and regulations surrounding these business forms?
Compare the statistics reported here from 1997 to the statistics from 2005. How do they compare? Discuss why you feel there is such a difference. How have the Internet scams changed over the years? Do you see a trend in any area of Internet fraud? What would you suggest to assist with these problems? How might business laws, which are already in place, play a role in controlling fraud on the Internet?