Fair dealing

Question 1: How does the Uniform Commercial Code define "merchant"? Why does the UCC distinguish between merchants and non-merchants? (2.5 points) Answer: As indicated by UCC "Trader" implies a man who bargains in merchandise of the kind or generally by his occupation holds himself out as having learning or expertise impossible to miss to the practices or products included in the exchange or to whom such information or ability may be credited by his business of a specialists or dealer or…

determine whether you get a good job, a decent apartment, a deal on a cell phone, low or no deposits on your utilities and reasonable rates on your health, car and home insurance. Barry Paperno, manager of customer service for credit-scoring company Fair Isaac, which created the widely used FICO credit score, says, "When it comes to mortgages, auto lending, and credit cards, the higher your score, the lower the interest rate you're going to pay." Bad credit will cost you money. Your credit…

Complete Name: Unit 4 Student Name: Donoho, Leslie ********************************************************************************************************** 1. Case Study: “Don’t Let Crooks Steal Your Identity: How to Protect Yourself-and Your Credit Rating” (p. 225) ********************************************************************************************************** 2. Provide several methods that crooks use to steal your identity. Student Answer: There are several ways that…

Identity theft is a crime that involves a person/imposter taking control of yours or another person’s personal information for the purpose of impersonation. The information obtained by the other can be Social Security number or Driver’s license number which is used to use your identity as their own, also known as identity fraud. The fraud committed can involve making purchases using the victim’s credit card details, opening bank accounts using the victim’s name, conducting illegal…

FLSA Changes and its Influence on Hospitality On March 13, 2014 President Obama signed a memorandum to update and adapt the overtime rule (Final Rule) in the Fair Labor Standards Act of 1938 (FLSA), which regulates minimum wages, work hours, overtime and child labor. These changes include a raise of the salary threshold for exempt workers and therefore broaden the number of people eligible for overtime pay. The Department of Labor’s (DOL) new regulations will take effect on December 1, 2016,…

Identity theft and credit fraud seem to be a common dilemma in our society. After looking over the PowerPoint and doing research, I learned that identity theft can have more negative impact on your life than credit fraud. When your credit card is stolen, all a thief can do is max the card out or open another account. If you’re a victim of credit fraud, sometimes the credit card company alerts you of any unauthorized purchases or unusual spending amount, which prevents further damage from…

million dollar painting, they both have something in common. They both are missing and that’s the important part. When dealing with theft, the officers have to do a lot to try and find the stole thing. In the articles, both of the cases contain work from the FBI. While dealing with a case like that, there is a lot of challenges the FBI and the police have to go through. While dealing with the stolen paintings from both of the articles, the main jobs were to catch the robbers and return the…

Understanding the LL Bean Credit Card In the United States, the top five spends for credit cards are clothing, gas, dining out, travel, and groceries. Credit cardholders are using credit cards like cash, which is why 33% of American households have credit cards. These days credit card companies are teaming up with retail outlets to marketing their credit cards better. LL Bean, a privately-held, American mail-order and retail company partnered with Visa to offer a credit card that can be used…

The gig economy is an economy that focuses on short-term engagements. In this economy, employees become independent contractors or “micro-entrepreneurs” who work when they want and how they want. This nontraditional work environment is not new to the American economy. In fact, the practice of out-bidding others for jobs can be traced back to the first half of the 20th century (Anderson). However, researchers point to smartphone apps and online marketplaces as the instigators of the sudden…

Overtime Rule. The change was stated to be implemented starting on the first of December. This rule, however, was delayed by a federal judge, on the twenty-second of November, preventing it from going into effect on the initial scheduled date. The Fair Labor Standards Act was created to have employers compensate their employees at least their minimum hourly wage, followed by overtime if they work over forty hours within a workweek. In order to be exempt, workers would have to earn more than…