Project #55953 - Business Law

Question Part 1

Explain the best solution and include comments related to ethical issues that may arise. Cite in APA format.

 

Scenario 3

Baxter Manufacturing purchased a welding machine from Wilson Equipment in 2011 for $250,000.  Because of the good relationship between parties, Wilson extended credit to Baxter for the purchase of the machine.  Last month, Baxter sold the injection-molding machine to a small start-up company for $1,500, two days before filing for bankruptcy.  Baxter still owes Wilson $150,000 for the welding machine.   Focusing on concepts in the e-text chapters on Consumer Protection and Bankruptcy, what are the legal and ethical issues involved in Baxter’s sale of the machine?   What recourse does Wilson have in recovering the monies owed on the machine?

Question Part II

Using a full Day Spa selling products and services. Use laws examples or cases to support your response.

Assume your company extends credit to customers who purchase your products.  How will your company protect itself to ensure payment of the loans and avoid losses in the event a customer files bankruptcy? Cite in APA format

Subject Business
Due By (Pacific Time) 02/04/2015 12:00 am
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