Forum 617

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 Property ownership by two or more people can take several forms, such as joint tenants with rights of survivorship and tenancy in common. The property deed that is transferred from the seller to the buyer will generally specify the type of joint ownership desired by the buyers. However, state law will generally specify the default type of ownership if two or more buyers purchase real property and the type of ownership is not specified in the deed. Research the default rule for joint ownership in your state. In your forum share the codified default rule for joint ownership of real property if the preferred type of ownership is not specified in the deed. The best source for this type of information is your state’s statutes but there are certainly other sources. Next, in your own words assess and give an example of at least two of the grantors warrantees in reference to a deed for real property. 

What injured party category does Tom fall into under the definitions you provided from your state? Assess the specific reason why Tom’s activities cause him to fall into that category. Explain.

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State statutes require that owners of real property have a “duty of care” in regards to anyone who might be negligently injured on that property. The specific duty varies according to a system which classifies the injured party into one of several categories. The categories are trespasser, invitee, and licensee. Each of these categories was discussed in the lesson. Your paper should begin with the statutory definition of each of these categories specific to your state. Next, describe the “duty of care” required by property owners in your state for each of the three categories. Now, consider the following question:

Tom the banker stops by Old Man McDonald’s farm, as he does a couple times a year, to touch base regarding the old man’s credit needs and take a look at the progress of the corn crop. The old man had borrowed money from Tom’s bank to plant the crop and Tom wanted to see how the crop looked. As Tom drives in the farm, the old man comes running up to the car and tells the banker to stay in the car because one of his bulls is loose and has been known to charge people. After the old man heads back out to find the Bull, Tom decides to get out and look around himself. As he gets out of his car Tom falls into a newly poured cement pit and is covered by cement. His body is not discovered until the next day.

Respond to the following questions:

  1. What injured party category does Tom fall into under the definitions you provided from your state? Assess the specific reason why Tom’s activities cause him to fall into that category. Explain.
  2. Given the category that you believe Tom falls into, what is the duty of care that the old man owed to Tom specifically because of Tom’s injured party category? Explain.
  3. Did the old man legally satisfy his duty of care owed to Tom? Why or why not?

Minimum 2 pages

Minimum 2 scholarly sources

Develop the business plan-key components

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  • Develop the business plan-key components
  • Analyze operations scenarios

Prompt:

  • Before you can attempt to do the financial section of your business plan, you have to get real with your personal financials. Take time this week to complete the Personal Financial Statement Worksheet from Score. Don’t worry, you will not be submitting this confidential information in this assignment.  You will only be discussing your findings.

Instructions:

  • Download the Personal Financial Statement Worksheet from Score here: https://www.score.org/resource/personal-financial-statement-template
  • Complete the worksheet by working through steps 1-3. DO NOT SUBMIT THIS WORKSHEET
  • In a brief paper (1-2 pages), discuss the following once your worksheet is complete:
    • Were there any surprises in your financial situation?
    • Are you able to move forward with obtaining funding for your business? If so, what is your next move?
    • If you are not in a position currently financially to move forward, how will you get there? What are your top three barriers to success?
  • Use credible sources with in-text citations and create a references page.
  • Format your paper in APA 6th guidelines.
 
 
 

Assess a Case Study relative to Market Analysis, Pricing Strategy and Financial Assumptions.

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Course Objectives:

(4) Assess a Case Study relative to Market Analysis, Pricing Strategy and Financial Assumptions.

Forum Prompt:

Read one of the case studies found in this week’s Lesson (see abstracts below).  In a well written post, share the following:

1. Which case study did you review?

2. Share three lessons learned from their experience. 

3. How might you apply their experience to your proposed business?

Forum Instructions:

  • Please elaborate and provide substantive support for your findings by using credible sources in such as course text, articles, journals, etc.–be sure to attribute credit to these sources (any format is fine).
  • Also, you are required to respond to the initial posting from the Instructor as your original forum answer as well as respond to at least two (2) additional postings of two (2) fellow learners.
  • Original responses should be a minimum (performance at a B level) of 300 words