10 May ARE THERE ANY NEGATIVES THAT YOU CAN SEE TO THIS APPROACH?
Discuss – Business Law: Contracts Minors and Land ValueFirst Question:In your opinion are certain types of contracts unethical or unconscionable? (or at least should be) If so what types of contracts are either unethical or unconscionable? How should the law treat a situation where a contract is unethical or unconscionable?Second Question:In discussing capacity and specifically in dealing with Minors we see a relatively consistent holding in favor of the Minor (sometimes arguably bordering on the “unfair”). Do you agree with this approach – that is do you think it makes sense to pass this risk on to those doing business with Minors? Are there any negatives that you can see to this approach? Is 18 the appropriate age or should we consider a younger cutoff (e.g. 14 16 etc.)?Third Question:Is it legal and ethical to use multiple non-disclosed agents to mask the volume and value of land purchases in order to obtain land at a price lower than its actual value?Is it ethical to buy land at a low price knowing its value is going to go up then sell it at the elevated price?Was it ethical to issue stock options to the executives who knew about the impending land acquisition and mineral strike? Although the press release issued in response to rumors was technically accurate its downplaying of the situation is misleading. Is this a legal or ethical practice?
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