Business Law Answer each of the following questions in a short composition of one or two paragraphs....

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Business Law Answer each of the following questions in a short composition of one or two paragraphs. 1. Discuss the advantages and disadvantages of alternative dispute resolution compared to litigation. If you were entering into a business contract which would you prefer to see in the contract? Why? 2. Shoplifting is a very serious problem for retail store owners, with millions of dollars of merchandise stolen each year. Obviously, some shoplifters put clothing and other items under their clothes and then attempt to leave the store.
	
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Answer each of the following questions in a short composition
of one or two paragraphs. 
1. Discuss the advantages and disadvantages of alternative dispute resolution compared to litigation. If you were entering into a business contract which would you prefer to see
in the contract? Why?
2. Shoplifting is a very serious problem for retail store owners, with millions of dollars of merchandise stolen each year. Obviously, some shoplifters put clothing and other items
under their clothes and then attempt to leave the store. Video cameras in every bathroom and dressing room would undoubtedly reduce successful shoplifting. Using rights
principles of ethics, what ethical issues are raised by such action?
3. Sally, 16 years old and unmarried, went to Hospital of the Good Shepherd with her
mother. Unknown to her mother, Sally was pregnant and in labor. She was in extreme
pain when she was admitted to the hospital and was told to just sign the medical
treatment authorization form so she could be treated. Sally delivered a healthy baby,
and both Sally and the baby were released the next day in good health. The hospital
attempted to collect their bill from Sally’s insurance carrier but it only paid a portion of
the costs. The hospital then sued Sally for the balance. Is Sally liable for the balance of
the medical bill? Is Sally’s mother responsible?
4. In many other countries, contracts aren’t as strictly construed and don’t contain all of
the terms of an agreement as they do in the United States. Often, business people
from other countries complain that U.S. contracts are viewed too formally. Generally,
contract law in the U.S. requires all parties to a contract to continue to perform the
contract even when conditions have changed and make it more difficult for one party
to continue to perform. Do you believe contracts should be more flexible to allow for
changes in the terms of the agreement when conditions change? Or, do you believe...

David · Accepted Answer

NATARE CORPORATION V/S D.S.I., DURAPLASTEC SYSTEMS, INC., D/B/A D.S.I., 
STEWART J. “JASON” MART, AND AQUATIC RENOVATION SYSTEMS, INC.,
Decision by Supreme Court of Indiana 
Appeal No. 49A05-0408-CV-430
Facts: Natare Corporation Appellant and D. S.I., Duraplastee Systems, Inc., d/b/a D.S.I., Stewart 
J. “ Jason” Mart, and Aquatic Renovation systems, Inc. Appellees are the competitors of each 
other.  In 1998 they both settled on the point that no one will disseminate disparaging 
information about each other. They also agreed that if one will breach than the party who will 
breach will compensate actual damages if shown, if not shown than minimum of $5000 in 
liquidated damages and reasonable attorney fees, costs and other expenses incurred by the 
plaintiff in pursuit of claim.  
In 2002,

Business Law Answer each of the following questions in a short composition of one or two paragraphs. 1. Discuss the advantages and disadvantages of alternative dispute resolution compared to...

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