Create an Issue, Rule, Application to the rule, and a Conclusion for the following scenario: 38–2. Special Business Forms. Bateson Corp. is considering entering into contracts with two organizations. One is a joint stock company that distributes home products east of the Mississippi River. The other is a business trust formed by a number of sole proprietors who are sellers of home products on the West Coast. Both contracts will require Bateson to make large capital outlays in order to supply the businesses with restaurant equipment. In both business organizations, at least two shareholders or beneficiaries are personally wealthy, but the organizations themselves have limited financial resources. The owner-managers of Bateson are not familiar with either form of business organization. Because each form resembles a corporation, they are concerned about potential limits on liability in the event that either organization breaches the contract by failing to pay for the equipment. Discuss fully Bateson’s concern.

The joint stock company has a limited liability while the business trust of sole proprietorship has a limitless liabilities.

Explanation:The shareholders of the joint stock company has liability to the extent of their shareholding rights,i.e if the company goes under or seize to exist as a going concern,the only loss to the shareholders is their investments in the company not their personal wealth or investment in other clime.

For a sole proprietorship,in case if default in paying Bateson for the supply of restaurant materials ,A lien can be place on both the business and the personal wealth of the owners of the business.

So in joint stock,Bateson should find out the worth of the shares of the shareholders including the wealthy ones and know the extent of their investments before embarking on the business to see if in event failure of the company ,if they will be able to recover it's money.

In the case if the trust of business proprietorship,in event of failure the liability of the owners is not limited to the companies wealth but extends to the personal wealth of the individual owners.

many were disgusted, nauseated and shook their heads with disapproval upon finding out about the recycling of water process. however, they do not seem to understand that this process actually saves water.

although individuals may argue that it is unhealthy, and or unsafe to drink water that is "from toilet to tap" , the water is 100% safe to drink and involves forcing the water across a membrane, which "removes   any impurities, including viruses, pharmaceuticals and dissolved minerals" , according to paul rozin, a psychology professor who studies revulsion.

i agree that that the thought of drinking water that once ran through someones kitchen sink isn't quite appealing, but recycled wastewater is safe to drink. it also saves water. "the city produces nine million gallons a day" claims russell schreiber, the city’s director of public works.

recycled waste water has absolutely no health concerns whatsoever. when wastewater goes into a system, it's absorbed back into the ground. thus, it goes into a sewer system, then goes through a treatment process that removes contaminants before being released. nonetheless, there is no problem in drinking water that has been recycled.

"in drought-ed california, there are six state agencies that use wastewater that comes from an intellectual property source," according to the university of california, riverside. studies show that this water is completely safe to drink, however, it still doesn't mean people are going to happily pour it in a water glass.

researchers hope it "may make consumers more amenable to drinking recycled wastewater," extraordinarily, women who have a higher "disgust reaction" and make most consumer purchasing decisions.