Write a 1 page essay on Legal Aspects of Business Decisions Unit 2 IP.Sturge Ltd to honor obligation amounts to violation of Ohios statutory and property law. According to Steinberg (1993), the courts holding asserted that the Ohio Blue Sky Laws in subject were not applicable since international transactions at that time were not explicitly covered within the laws.The plaintiff, West Shell Jr. and the defendant R.W. Sturge Ltd were locked in a case, which was eventually brought to conclusion by Hamilton County Court in December 08, 1993. With respect to the presiding judges, West Shell Jr. et al were supposed to be refunded all monetary resources that they incurred as loses after investing in unregistered securities. According to Steinberg (1993), the court established that the defendant R.W. Sturge Ltd et al made a coalition with other third parties in selling illegal stocks and securities to the plaintiff. Therefore, R.W. Sturge Ltd et al was liable for refunding money used to purchase securities as well as payment of any attorney fees incurred by the plaintiff throughout the case.With respect to procedural construct of the case, British law asserts that any insurance and investment premium received by underwriters of a financial company is automatically placed in a trust fund. Any profits realized from a trust fund are released to the underwriters association, upon which the underwriters will extend the proceeds to investors. In this case, R.W. Sturge Ltd failed to honor its agreement by selling illegitimate securities to the plaintiff. Consequently, the plaintiff argued that the agreement binding the sale of securities was void under the Ohio Blue Sky Law.With respect to the legal background, Ohio Blue Sky Laws states that all public transactions brought into Ohio are accorded protection from fraudulent contracts and misrepresentation of facts during an agreement. According to Steinberg (1993), this means that Ohio Blue Sky Laws protect investors against gullibility and mischievousness of international
Legal Aspects of Business Decisions
We help you get better grades, improve your productivity and get more fun out of college!!
Get 25% Discount on Your First Order
How it works – it’s easy
Place your Order
Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.
Make a payment
The total price of your order is based on number of pages, academic level and deadline.
We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.
Once complete, we’ll send your assignment via the email provided on the order form.