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Important- Final Examination- Read the instructions carefully
Final Examination- Business Law I- ETLW 311- Custin- Spring 2024
Please prepare your typed answers to each of the following questions. Send your completed answers to Word attachment to your email. Your answers must be in your own words and free of any plagiarism. Any evidence of plagiarism, receiving or providing assistance will result in no points for the examination. You must refrain from collaborating, discussing, or working with anyone on this examination. All submissions must be business professional and free of grammar or typographical errors. No credit will be provided for mere conclusions. Follow all of the instructions carefully. 
Your answers to questions are due before Monday, May 20 at 10 P.M.  Early submissions are appreciated! Only complete submissions will receive credit. Please also review the grading criteria outlined below. You must thoroughly discuss all legal, factual, and ethical issues raised by the following questions. (4 points for strictly and fully following all instructions) 100 possible points. I may ask you to discuss your answers in this examination. 
I cannot answer individual questions concerning this examination. Please indicate the class section number in your submission. Your submission must include the following statement:
“I certify that I have not received or provided any assistance in completing this examination, and my answers are plagiarism-free. I have not used CHATgpt or another artificial intelligence application or platform to prepare answers or complete this examination.”
Signed (your printed name)
In class, we discussed a number of “flags” you need to consider when analyzing a contract.  Limit your discussion to the “flags” we discussed in class.  Thoroughly discuss the relevance and application of each “flag”.  (24 points)
We discussed the importance of the Statute of Frauds in contract law. Please identify and thoroughly discuss what recommendations you would make to modernize the types of contracts subject to the Statute of Frauds. In other words, what types of contracts would you propose to be subject to the Statute of Frauds? Be specific and thoroughly defend your choices. (24Points)
Smith owns and operates a chain of retail pharmacies in Minnesota. Jones is the sole owner of a business located in Iowa that has supplied marketing services valued at $76,000 to Smith. Smith has not paid any amount of money to Jones. Jones considered suing Smith in Minnesota for the money owed; however, the statute of limitations has expired in Minnesota. Jones has learned that Smith also owns a business based exclusively in California that exports drugs to Eastern Europe; however, does not do any business with the pharmacies in Minnesota. Smith owns vacation homes in Iowa and Nebraska. Jones’s claim against. Smith is not time-barred by the statute of limitations in Minnesota or Iowa. Thoroughly discuss all jurisdictional issues facing Jones if he files a lawsuit against Smith in Iowa, Nebraska or California. Limit your discussion to civil jurisdictional issues. Use only the key terms listed on page 68 of the textbook to discuss jurisdictional issues. (24 points)
We discussed the role of exculpatory clauses in business and law. Specifically, we discussed a case involving an exculpatory clause that was included in a student permission slip to attend an extra-curricular activity. Thoroughly discuss what legal challenges you might make to an exculpatory clause addressing liability for personal injury.  Do not discuss the approach taken by cases, material outlined in the textbook, or from any other source.  Limit your discussion to the challenges we discussed in class.  (24 points)
Grading
Excellent work! There is a clear focus on what the assignment should achieve, structured accordingly. Demonstrates integrative, innovative, and original thinking, and arguments are convincingly articulated and supported. The work is well-written and free of errors. Demonstrates a thorough understanding of critical issues in course readings. Written work is insightful, precise, sophisticated, and vivid. Work is business professional, free of grammar errors and typographical mistakes. Your work here is memorable. (9-10 points per question)
Informed work and well supported by the law and with evidence. Well planned, organized, and written. Demonstrates a clear understanding of the critical issues in course readings and includes some independent thought. Demonstrates excellent written communication. Work is business professional, free of grammar errors and typographical mistakes. (8 points)
Adequate or satisfactory work. The basic requirements have been carried out. Demonstrates a general understanding of the significant issues and is written to be clearly understood. Competent written communication. (7 points)
Work does not fulfill the requirements for the assignment. Does not demonstrate a clear understanding of the significant issues. Ideas need to be clearly expressed. (6 points)
Unacceptable work. Did not answer the question presented. Shows little understanding of the issues, and ideas are poorly expressed. Plagiarism. Any use of artificial intelligence. Not doing your own work. (0-5 points)