Business Law and Ethics

Stanley Crawford owed $2,037.99 to the HeiligMeyers furniture company on a credit account. In September 2001, LVNV Funding LLC acquired the debt from Heilig-Meyers. The last transaction on Crawford’s account occurred on October 26, 2001. Although Crawford’s debt went unpaid, LVNV did not file suit against Crawford over it. Accordingly, under the three-year Alabama statute of limitations that governed the account, Crawford’s debt became unenforceable in October 2004. Crawford filed for Chapter 13 bankruptcy in 2008. During the bankruptcy proceeding, LVNV filed a proof of claim in an effort to collect the Heilig-Meyers debt.

In response, Crawford filed a counterclaim against LVNV, alleging that LVNV’s filing of a proof of claim regarding Crawford’s time-barred debt violated the Fair Debt Collection Practice Act’s prohibition on deceptive or unfair debt collection actions. Was Crawford correct?

Don't use plagiarized sources. Get Your Custom Essay on
Business Law and Ethics
Just from $13/Page
Order Essay



GEICO, the​ number-two auto insurer with $16 billion in revenue last​ year, spent $1.3 billion on advertising that year and plans to continue spending the same percentage of sales on advertising next year. The average​ advertising-to-sales ratio for the insurance industry is 0.1 percent of sales. If GEICO projects $18 billion in sales next​ year, using the​ percentage-of-sales method of advertising​ budgeting, how much will the company budget for advertising if basing it on projected​ sales?

The​ advertising-to-sales ratio for the last year is _____?


Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.