course material

1. An Entrepreneur’s Dilemma
< pstyle=" font-size: 13.33px; "> Read the entrepreneur’s dilemma and the questions that
follow. Identify the legal issue(s) and apply legal concepts and possible arguments for each
question. Prepare a solution for each question using laws, cases, examples and/or other
relevant materials. Identify potential ethical issues and propose a solution for each issue.
Support your answers with information from the textbook and at least two outside
scholarly sources. By Tuesday, January 7, 2014, prepare a 6 to 9 page paper that identifies
the legal issues and potential solutions and answers all questions presented, supported by
relevant legal authority. Properly cite all sources using APA format.< pstyle=" font-size:
13.33px; "> This assignment requires application of the concepts learned in Weeks
1– 3 and is worth significantly more than previous assignments.< pstyle=" color: #696554;
font-size: 13.33px; font-weight: bold; "> The Dilemma< pstyle=" font-size: 13.33px; ">
Lauren started a new business, Critter Sitters, a sole proprietorship, that includes walking,
feeding, grooming, training and providing other services for pets while their owners are out
of town or unable to care for them due to illness or long work hours. In addition to her
business, Lauren currently attends college part time.< pstyle=" font-size: 13.33px; "> One
of Lauren’s new customers leaves her a check for $120, made payable to Lauren and signed
by her customer. Lauren takes the check to the bank after she completed the services and
found that the bank had issued a stop payment on the check. What are Lauren’s options?<
pstyle=" font-size: 13.33px; "> Lauren places an online order for $750 in training supplies
from Pet Wholesale Warehouse (PWW). Lauren acknowledges the terms and conditions,
provides her credit card information and selects FedEx to deliver the goods. She does not
purchase any additional insurance. FedEx delivers one box containing a dog crate valued at
$35, but does not deliver the remaining boxes.< pstyle=" font-size: 13.33px; "> Since
Lauren is a student, she does not have much capital and seeks to save money where she can;
therefore, she only uses one bank account for her personal and professional funds. Lauren
frequently monitors her account using the online portal furnished by her bank. On Friday
night, Lauren noticed that $451.43 had been withdrawn from her account on two separate
occasions that day. Lauren knows that she did not spend that amount of money one time,
much less two times in one day. She is afraid that someone has accessed her account.
Assume that the following Monday is a holiday and banks will be closed; however, one
branch will be open for four hours on Saturday. On Saturday morning, Lauren discovers a
check for $93.52 cleared the bank. She is able to view a copy and sees that the check was
written using another party’s name and address, yet the bank account number belongs to

2. her. < pstyle=" color: #696554; font-size: 13.33px; font-weight: bold; "> Assignment:<
pstyle=" font-size: 13.33px; "> Based on the different situations described in the scenario,
create a 6 to 9-page Microsoft Word document that includes the answers to the following
questions:What are Lauren’s options for operating her business? Select the type of business
organization you believe is best for Lauren and provide support for your choice.What are
Lauren’s options related to the stop payment on the customer’s check?What are Lauren’s
options related to the undelivered goods? What course of action would you advise Lauren to
take on Friday night and/or Saturday morning? Will Lauren be liable for the moneys
withdrawn from her account? Explain why or why not.According to your text, what laws
govern business and consumer banking transactions? Provide a short summary of how the
law(s) affect Lauren.Identify and explain any ethical concerns Lauren may face related to
the topics covered.Conclude your paper by providing suggestions for Lauren to help
prevent future occurrences of these types of legal and ethical problems.< pstyle=" font-
size: 13.33px; ">< pstyle=" font-size: 13.33px; "> Support your answers with appropriate
research, reasoning, cases, laws, and other relevant examples.< pstyle=" font-size:
13.33px; "> Submit the paper in APA format and properly cite sources on a separate page
using APA.< pstyle=" font-size: 13.33px; ">