Movie Boiler Room Legal Perspective Essay Example | Topics and Well Written Essays - 500 words

Movie Boiler Room Legal Perspective - Essay Example him shares on Farrow Tech offering information that the company has a revolutionary new drug that will soon be approved by the Food and Drug Administration. On the promise of high returns, he lures the buyer by initially selling a minimum amount on the basis of testing the waters. Then, when the stocks have had a minimal percentage gain, Harry would fall at ease with Seth as his broker. However, when the stocks dropped, Harry wanted to pull out his money but Seth reels him back in by declaring he has information that the drug will actually soon be approved. He pushes it further claiming there is another product to hit the market and eventually was successful in attaining a $50,000 dollar investment from Harry. The latter had consequently invested his family’s entire savings (Younger, Boiler Room). These actions constitute fraud in the inducement contrary to law. The elements of this kind of fraud are: â€Å"1. a false representation; 2. of a fact; 3. that is material and; 4. made with knowledge of its falsity and the intention to deceive (scienter); and 5. which representation is justifiably relied on† (Mann and Roberts 211). More specifically, it is fraud through false representations. Since ordinarily, nondisclosure in sales does not constitute an actionable offense, the misrepresentation must have the following requisites: â€Å"(1) a person fails to disclose a fact known to him; (2) he knows that the disclosure of that fact would correct a mistake of the other party as to a basic assumption on which that party is making the contract; and (3) nondisclosure of the fact amounts to a failure to act in good faith and in accordance with reasonable standards of fair dealing† (Mann and Roberts 211-212). There is material false representation in the movie since all the information Seth told Harry were not based on any factual assertion but were just fabrications made by JT Marlin . Based on these representations, people bought the shares he offered. In fact, despite

Marketing and Social Networking Web Sites Essay

Marketing and Social Networking Web Sites - Essay Example It's a straightforward concept that assists build integrity when you are able to put a face to the messenger. Social networking sites like Facebook and MySpace have turned out to be the party lines in this 21st century. They are attractive and fascinating and a powerful tool for communication between people. Learning the way to use them intelligently for marketing can add to any businesses profile. Social networking Web sites provides an important media channel for broadcasting to a diverse demographic, ranging from teens and young to adults, women, moms, prosperous consumers, to elder individuals. In fact experts suppose U.S. ad expenditure on social networks to rise by about 200% by 2011. Consumers react less to conventional media and advertising, and are changing towards consumer-to-consumer communication including mobile messaging, blogging, word-of mouth marketing, similarity shopping sites, and peer-to-peer networks. Study shows that 80% of consumers belief in the advice from online friends, representing thrice as much trust compared to through traditional media. Additionally, one of every three users of the internet visits Web sites comprising of user-generated stuff to aid make purchase choices (Ward, 2007, 3). There are several companies, including P&G, Morgan Chase, Toyota, Unilever and JP Burger King that have successfully leveraged their marketing communications through social networking Web sites to accomplish different marketing strategies. These social sites permit people to communicate freely on anything. However, most significantly allow people to share knowledge that might be helpful to both parties. Numerous common things shared via these sites are fashionable recipes, sites to visit, trustworthy mechanics in their area, superlative place to acquire a steak and still great areas to go fishing. A number of the most well known and established Networking sites comprise of MySpace, SlingAd Videos, Facebook, YouTube, and Twitter. Social Media on the internet is a vast untapped source of leads, projections and partners to business and the good news with this is they are FREE. Thus, in order to take advantage of the social media madness, businesses have to recognize how precisely to monetize this critical untapped resource of prospective business partners. Numerous Online business proprietors have learned the way to establish a Blueprint of themselves over the internet with the rationale of presenting to their consumer that they have used up the time perhaps writing articles, redistribution videos and presenting photos of themselves and their relatives in order for this new consumers not to be intimidated when they contact them through either email or calls. This enables the consumers to easily be capable of