I need help with a Business Law question. All explanations and answers will be used to help me learn.
Mike Musclehead has started a
new job selling gym memberships door-to-door. Mike decides, without knowledge
of the gym owners, to add a twist; he starts selling a "lift-a-pound"
investment program. For $100 you buy into the program and every time you
increase your maximum lifted weight, you get $1 per pound. Mike pays the
rewards from the money he collects as investments in the lift-a-pound program.
Mike is addicted to the high life and uses part of the investment funds to buy
clothes, a new car, a sweet apartment, etc. Soon enough, there are not enough
new investments coming in to keep up with the rewards.
Disappointed investors sue the gym and Mike.
- What claims might they have?
- Would the police have any interest in this matter?
Why or why not?
Note: Make sure to read this attached Chapter 5: CHAPTER 5 - Business, Societal & Ethical Contexts of Law BEFORE ANSWERING THE ABOVE QUESTION
** 200 - 250
words 100% Plagiarism free Original work***
decide to play a practical joke on your friend Dave. You take your handgun and
load it with blanks, pretend to get mad at Dave and fire the gun at him. Sadly
for you, you had one live round and you shoot your friend severely injuring
Looking at the criminal laws in your state of MICHIGAN,
- What crime(s) could you be
charged with, and what claims could your (former) friend Dave have against you
in a civil suit.
- How do the civil claims differ from the criminal charges?
Note: Make sure to read this attached Chapter 22: CHAPTER 22 - Criminal Law & Procedure in Business BEFORE ANSWERING THE ABOVE QUESTION
** 200 - 250 words 100% Plagiarism free Original work***