For Baber Makayla

Assignment 2: JPMorgan Chase

• Describe the legal environment of business, the sources of American law, and the basis of authority for government to regulate business.
• Describe the elements of a contract and explain the basic provisions of contract law relative to offer, acceptance, capacity, legality, fraud, third-party rights, performance, and breach of contract.
• Explain the components of the Uniform Commercial Code (UCC) relative to sales and lease contracts and the basic provisions of the UCC addressing sales / lease contracts, title, risk, insurable interests, and the performance and breach of contracts.
• Use technology and information resources to research issues in business law.
• Write clearly and concisely about business law using proper writing mechanics.

• 1. Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy. Weight: 15%	Did not submit or incompletely discussed how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high- risk gambles in securities / banking, a foundation of the economy.	Insufficiently discussed how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy.	Partially discussed how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy.	Satisfactorily discussed how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy.	Thoroughly discussed how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy.
  2. Determine the elements of a valid contract, and discuss how consumers and banks each have a duty of good faith and fair dealing in the banking relationship. Weight: 15%	Did not submit or incompletely determined the elements of a valid contract, and did not submit or incompletely discussed how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.	Insufficiently determined the elements of a valid contract, and insufficiently discussed how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.	Partially determined the elements of a valid contract, and partially discussed how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.	Satisfactorily determined the elements of a valid contract, and satisfactorily discussed how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.	Thoroughly determined the elements of a valid contract, and thoroughly discussed how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.
  3. Compare and contrast the differences between intentional and negligent tort actions. Weight: 20%	Did not submit or incompletely compared and contrasted the differences between intentional and negligent tort actions.	Insufficiently compared and contrasted the differences between intentional and negligent tort actions.	Partially compared and contrasted the differences between intentional and negligent tort actions.	Satisfactorily compared and contrasted the differences between intentional and negligent tort actions.	Thoroughly compared and contrasted the differences between intentional and negligent tort actions.
  4. Discuss the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’v e chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action. Weight: 15%	Did not submit or incompletely discussed the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action.	Insufficiently discussed the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action.	Partially discussed the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action.	Satisfactorily discussed the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action.	Thoroughly discussed the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action.
  5. With the advent of mobile banking, discuss how banks have protected the software that allows for online transaction to occur through automation. Weight: 20%	Did not submit or incompletely discussed how banks have protected the software that allows for online transaction to occur through automation.	Insufficiently discussed how banks have protected the software that allows for online transaction to occur through automation.	Partially discussed how banks have protected the software that allows for online transaction to occur through automation.	Satisfactorily discussed how banks have protected the software that allows for online transaction to occur through automation.	Thoroughly discussed how banks have protected the software that allows for online transaction to occur through automation.
  6. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
  7. Clarity, writing mechanics, and formatting requirements Weight: 10%