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Compliance

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Articlesby Tom HudsonJuly 11, 2007

Court Muffs Ohio Spot Delivery Case

Thomas B. Hudson, Esq. - In addition to the installment contract, the Pattons signed a “Purchase Spot Delivery Agreement” stating that the Pattons were taking possession of the minivan before approval of financing and that Wyler Eastgate could...

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Articlesby David Keller, CPA, CFEJuly 10, 2007

The Real Risk Of Being Audited: IRS Audit Statistics

David Keller - The IRS has stated that it believes tax return accuracy is at one of the lowest points in history. This indicates that they will be trying any and all means available to tighten compliance with the law in whatever manner they can...

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The Long Arm Of The Law: Interstate Internet Retailing Creates Legal Chaos

Jennifer Murphy - Long arm statutes are state laws, so even though each state’s long arm statue is based on the same principle, they are not written or interpreted exactly the same...

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Articlesby Tom HudsonJune 11, 2007

Federal Court Upholds Class Waiver In Arbitration Agreement

Thomas B. Hudson, Esq. - Lately, plaintiffs’ lawyers have convinced a few courts that requiring a consumer to waive class relief is “unconscionable” and is reason enough for courts to refuse to enforce the arbitration agreements...

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Articlesby David Keller, CPA, CFEJune 5, 2007

Business Survival After Retirement Or Death

David Keller - The best way to evaluate your business is to study the history of your industry. Learn why some businesses have failed when others have succeeded, then think through how you would have reacted in similar situations.

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Articlesby Tom HudsonMay 16, 2007

Don't Misrepresent The Buyer's Income To The Finance Company

Thomas B. Hudson, Esq. - Most states have such a law and the laws are particular favorites of plaintiffs’ lawyers. Why? Because they usually provide for a doubling or tripling of the plaintiff’s damages and provide for an award of...

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David V. Goliath When Andy Chevrolet Fought General Motors

Jennifer Murphy - Since a Chevrolet franchise was included in the purchase agreement, GM had to approve the buy-sell agreement between Sims and Dealer John O’Brien. Before GM would approve it, Sims had to draft a proposal that included pro forma sales...

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Articlesby David Keller, CPA, CFEMay 4, 2007

Where Is My Net Worth?

David Keller - Let’s discuss your dealership’s net worth. Do you have any? If so, how much is it? Most dealers don’t even look at their change in net worth from month to month or year to year...

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Articlesby Tom HudsonMarch 29, 2007

Rogue Waves

Thomas B. Hudson, Esq. - In this case, the 9th Circuit held that an investment bank that merely loaned money to a lender could be held responsible for the misdeeds of the lender...

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Articlesby David Keller, CPA, CFEMarch 28, 2007

Are You A Special Finance Customer?

David Keller - Your bank, auction and vendors consider you a finance customer every day. So, how is your credit rating with them? If you take a look at the financial status of your dealership, ...

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