Bus Law (Daisy Arabella)

PROJECT 1

20 Points/20% of Grade

Instructions:

Below are two problems related to Administrative Law, Consumer Protection and Negotiable Instruments. Each is worth 10 points.

The first involves the development of a cure for the common cold and the desire of the pharmaceutical company that developed the drug to sell the cure to the public.

The second deals with the negotiation of and eventual payment on a promissory note.

You may use whatever sources you find in your research to answer the questions. However, please identify these sources and provide appropriate attribution.

Good Luck!

Problem One:

Futuristic Pharmaceuticals has developed a drug that is claimed to cure the common cold. It has been given the brand name “NeverCold”.

You are on the legal staff at the Food and Drug Administration and you have received Futuristic’s application for FDA approval.

What information would you give Futuristic on the procedures for approval and licensing of NeverCold?

What would you tell Futuristic to expect in terms of government regulation of NeverCold based on the current policy in place with respect to similar drugs?

If your boss asked you for your views on the regulation and distribution of NeverCold, what would you tell him/her? One of your recommendations would be specific rules regarding this particular drug. Describe the procedures for adopting the rules.

Problem Two:

Soar Airways (Soar) entered into a lease agreement with Planes-to-Go (PTG). As part of its deposit, Soar delivered a promissory note it held to PTG. It was issued by Interavia LCC in favor of First Finance. The note had a face value of $10,000 with a maturity date one year later and was indorsed in blank by First Finance making the instrument a bearer instrument. PTG then negotiated the promissory note to FastCash who paid PTG $9,000. Later, PTG breached its agreement with Soar by failing to deliver the aircraft. After one year, the promissory note matured and FastCash wants to cash in the note. You are the attorney for FastCash. What advice would you give them

regarding payment on the promissory note? What would be FastCash status as a holder of the note? What rights would FastCash have and what defenses might they encounter?

Project 1 Instructions

Always submit your best, most thoughtful work. Assignments should be well-organized and should demonstrate the level of writing expected of college students. Present your ideas as thoroughly as you can, providing examples and appropriate citations, (using the Publication Manual of the American Psychological Association, 6th edition). It is usually better to write too much than to turn in a sketchy response. Your writing style is very important, and you will be graded on this aspect of your work in such areas as grammar, punctuation, etc.

Creative approaches, evidence of critical thinking, and detailed answers are required. If you disagree with the materials presented in the course, argue your point with verifiable examples and outside data, properly documented and cited. Remember that even paraphrased material requires proper citation (use APA format, both within the text and in your reference list). Post your assignments as an attachment in your assignment folder on or before the due date (use Word or an RTF file format). No late submissions. Make a backup copy of your work in case you experience computer or network problems when you are uploading your assignment. Submitted assignments will be considered your final submission and submissions by email afterward will not be accepted.

Review and use the instructions and rubric for each assignment. Review the APA guidelines under Course Overview prior to submission. Divide your paper into sections and headline each section. Papers should be approximately 1,250 words, not including title page and references. There is no maximum limit. Check that all citations and references are correct and noted within your paper. Turnitin may be used to review each paper for plagiarism.

Project 1, Grading Rubric (20 points) This project requires you to identify and analyze legal issues and make recommendations based on one or more fact patterns. The issues will relate to the concepts covered in weeks 1, 2, and 3 about administrative and consumer law, and negotiable instruments.