Legal Environment of Business3 Essay Example | Topics and Well Written Essays - 250 words

Legal Environment of Business3 - Essay Example r is not liable to the student loan because it is still part of the debts he has and when he is declared bankrupt, it means that even the student loan he has cannot be paid, hence he cannot be held liable. The trustee cannot enforce the lease as written because the initial lease when it was being signed indicated that the lease cannot be assignable, so despite the present circumstance the company is in, the lease statement still holds (Morgan et al 832). The government can claim from the first filing before the bankruptcy court appointed a trustee. This will therefore entitle the government to acquire and get its due before everything is fully under the trustee to supervise liquidation. Below cost pricing is where the price for a product or service is below the initial amount paid by the seller to acquire it. It can be shown when the profitability of a company reduces but its market share is going up and it attracts more customers. Competition pricing laws apply in such a case and the company can even be closed (Morgan et al 880). Yes it is legal to merge the two companies as they will be merged under the combination merger and the shareholders of each company will be the ones to decide if they want to have their shares back or they can get new shares from the new merged company. Yes the laws would apply since they are meant to protect the citizens from fraud. Since the products will be sold even in the United States, the laws would be enforced under the private suits section of the anti-trust laws (Morgan et al