Alabama State University Legal Laws of Business Paper

1200 words minimum for numbers 1-5…..3 scholarly sources

What is/are the source(s) and level(s) of law that govern the following business transactions?

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1. American Hardware Supply enters into an agreement with a retail home improvement chain to supply them with certain inventory.

2. Whitney wishes to apply for a patent for a device he invented.

3. Marshall is considering raising money for his business by selling stock in the company.

4. Bio-Tech Inc. ran out of cash and cannot pay its debts as they become due. Management seeks protection from creditors.

5. Barnum wishes to bring his famous horse show into town and plans to stage it in a residential area of the city.

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