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Amisha’s Creative Productions Ltd. reported accounting income before tax of $380,000. During preparation of the corporate tax return, the tax manager identified these items: amortization expense of $40,000, income tax expense of $55,000, charitable donations of $6,000, meals and entertainment expense of $8,000, golf dues of $2,000, and available CCA of $34,000. Assuming no other adjustments are required, what amount should be reported as Net Income for Tax Purposes before any charitable-donation deduction?

Module 1 Nikola T., a genius, creates a revolutionary new engine design that will increase car motor efficiency by 50 percent, thereby greatly reducing the demand for fossil fuels.  He chooses not to patent the design, but rather makes it freely available to the public by publishing the design in Scientific American, because it will be good for the environment, consumers, and the world.  What ethical system is Nikola T. using to make this choice?  Explain how that ethical system works/is applied.

Module 3 Easy Rest filed suit against Stop Here in a federal court in Missouri, alleging that Stop Here infringed on Easy Rest’s trademark registered with the U.S. Patent and Trademark Office.  The lawsuit alleged that Stop Here operated websites that sold Easy Rest brand mattresses without being an authorized dealer for Easy Rest.  Stop Here asked the court to dismiss the claim because the Missouri court had no personal jurisdiction over the company since it was incorporated in Delaware, with headquarters based in Alabama, did not own property in Missouri, and had no sales force in Missouri.  Easy Rest responded that Stop Here’s websites were highly interactive, including the ability for customers to purchase and pay online and to have virtual chats with customer service representatives, and had in fact sold and shipped mattresses to consumers in Missouri. Does the Missouri federal court have personal jurisdiction over Stop Here?  Why or why not?  Where else could the case  be filed and why?

Module 5   A.  Gail buys a car when she is 17 and makes monthly payments regularly until six months after her 18th birthday when the car is totaled in a wreck.  Gail wants to disaffirm.  The age of adulthood in Gail’s state is 18.  Discuss.       B.   Sun Supply Co., a company supplying HVAC materials including filters, offered to sell Apartment Management, Inc. air conditioner filers at $15 per case in a signed writing that stated that the price was good for 60 (sixty) days.  Apartment Management, Inc. discovered that other sellers charge $20 per case for identical air conditioner filters but before it can accept Sun Supply’s offer, Sun Supply withdraws the offer after only 30 days, stating that changed market conditions force it to charge more.  Is Sun Supply allowed to withdraw its offer?  Why or why not?

Module 8 Discuss the differences between the per se and rule of reason standards for antitrust enforcement.  Two car manufacturers entered a joint venture to consolidate their efforts to create more fuel-efficient vehicles. The manufacturers agreed to split the expenses and profits from the joint venture equally.   If challenged, what would likely happen?

2.  Describe the process by which a secured creditor establishes his/her rights to collateral securing a first priority position, with consideration of different types of collateral such as growing crops, a yacht, jewelry, and securities.  In a battle between 2 secured creditors over the collateral of growing crops, who wins?  

3. Briefly discuss the differences between Chapters 7, 11, and 13 bankruptcy proceedings.

The following question(s) refer(s) to the generalized cell model picture. Identify the rough endoplasmic reticulum.

1.  American Ingenuity, Inc., a Missouri corporation, (AmI) invents, develops, and distributes a revolutionary new type of anti-bedbug device using sound waves.  AmI does not apply for a patent for its product, a sonic emitter called SleepTite, but does register various trademarks associated with it.  Maine Ingenuity Corp., a California corporation, (MaI), buys a new AmI SleepTite sonic emitter, takes it apart, analyzes it, and produces and sells a “clone” of the anti-bedbug device under the Maine Ingenuity Corp. label called SleepWell.  AmI files a suit against MaI alleging violations of the intellectual property law. On what basis could Maine Ingenuity Corp. (MaI) prevail?  What additional facts might result in AmI winning and why?  What if MaI used a logo similar to that of AmI’s federally registered trademark on the SleepTite device and its packaging?  AmI uses a red, white, and blue color pattern on its anti-bedbug devices.  MaI uses a similar design, but with somewhat different shades of red, white, and blue.  AmI sues.  Discuss.  AmI includes a detailed, printed set of instructions on the proper use and maintenance for its anti-bedbug, but does not register the instructions under federal copyright law.  MaI includes a pamphlet that is clearly based on that issued by AmI, with minor changes in wording.  AmI sues.  Discuss.  Why should AmI have registered the instructions under federal copyright law? Discuss whether AMI could/should have applied for a patent, and why it might have decided not to do so. Instead of MaI reverse-engineering the SleepTite device, a disgruntled AmI employee, Simon, uses his iPhone 14 to photograph all of the plans.  The plans were kept is a secure location with limited access, but Simon “borrowed” the security card of a co-worker with access to secure areas, to gain entry into the room where the plans were kept.  Simon gives the photos of the plans to MaI, which then goes on to produce its version of the device, the SleepWell.  What happens and why?

1.  Katherine plans to open Kitty Korner, a pet supplies outlet specializing in cats, and to hire Bigglesworth and Harvey.  Katherine plans at this point to invest only her own money, and does not expect to make a profit for two years, and expects some profits after the end of the first three years.  She hopes to expand gradually to several stores in the metropolitan area, and eventually to a national chain of Kitty Korners.  Discuss the various types of business organizations that Katherine could use at the different stages of her company’s growth, looking at the advantages and drawbacks of each of the different types of business associations at the different stages of the company’s growth.  Be sure to briefly discuss why you would NOT choose certain options as well.