. NFLIC declined to issue the policy to Reed. On what grounds did Reed sue Bradshaw? Was Reed’s suit against Bradshaw successful?
Q: Gary contracts with Dan to buy Dan a new car manufactured by General Motors Corporation (GMC). GMC…
A: Answer : Correct answer is (a) - an intended beneficiary. Gary contracts with Dan to buy Dan a new…
Q: The Louisiana Civil Code limits an innkeeper’s liability for stolen property to $500 and only covers…
A: Finally, the Court addresses Chase's claim of theft of personal property from his hotel room. Hilton…
Q: Green was the owner of a large department store. On Wednesday, January 26, he talked to Smith and…
A: Enforceability of contract is dependent upon a different kind of contract Valid contract: The…
Q: John works as an engineer for a technological company, and Maria works as a sales executive for a…
A: For financial experts to preserve their credibility and reliability, the criterion of independence…
Q: Sabrina was hospitalized with severe gastrointestinal pain and placed in an intensive care unit.…
A: Introduction: The given case study is between the patient and the doctor about the services and the…
Q: Bee's Beauty Supplies gave an exclusive sales contract to Ellie to sale its products in the Western…
A: An agency relationship can be defined as a relationship in which an individual known as the…
Q: Mark Phipps was employed as a cashier at a Clark gas station. A customer drove into the station and…
A: In many jurisdictions, the employment relationship between employers and employees is governed by…
Q: On November 19, Hoover Motor Express Company sent to Clements Paper Company a written offer to…
A: Yes, H successfully revoked its offer. There is no requirement of Express notice of revocation…
Q: Miguel, a 16-year old mechanic’s apprentice, borrowed $3,000 from his next door neighbour, Jono, by…
A: Miguel, a 16 year old child borrowed $3000 dollars from his next door neighbour Jono, bytelling his…
Q: While in her second year at the Juilliard School of Music in New York City, Ann Rylands had a chance…
A: Firstly, we need to understand the concept of ownership transfer. In this case, the ownership of the…
Q: Peters paid Davis $1000 for carpeting which was installed in Peter's home on March 1, 1974. Peters…
A: A contract is a legally binding agreement between two or more parties outlining the terms and…
Q: Beverly Baumann accompanied her mother to Memorial Hospital, where her mother was placed in…
A: Contract law is a branch or body of law which encompasses rules, regulations, and principles which…
Q: St. Charles Cable TV (St. Charles) was building a new cable television system in Louisiana. It…
A: The contract refers to the legal agreement build between two or more two parties. The partner…
Q: Sonenberg Company managed Westchester Manor Apartments through its on-site property manager, Judith.…
A: А раrtnershiр is аn аrrаngement where раrties, knоwn аs business раrtners, аgree tо…
Q: Formal Requirements Mr. Higgins operated a used car dealership in the state of Alabama. Higgins…
A: A negotiable instrument means a promissory note, bill of exchange, or cheque that is payable either…
Q: In August, Victoria Air Conditioning, Inc. (VAC), entered into a subcontract for insulation services…
A: Let's discuss the case: Victoria Air Conditioning, Inc. entered into insulation services with…
Q: Thomas contacted Welsh, a realtor, and asked him to be looking for property that is at least 20…
A: The objective of the question is to determine whether an express contract has been formed between…
Q: Giordana borrows $225,000 for Hearthstone Credit Union to buy a home, which secures the loan. Five…
A: In this given scenario, Hearthstone Credit Union provided Giordana with a loan of $225,000 to…
Q: Even if a right is transmissible if the parties to a contract agree that it is not transmissible.
A: Contracts are legally binding agreements between two or more parties, outlining the terms and…
Q: William purchased a 10-year renewable and convertible term insurance policy with an effective date…
A: ANSWER: OPTION (A) IS THE CORRECT ANSWER.
Q: Lindsay enters into a contract with John to purchase John's sailboat. The parties agree that Lindsay…
A: Business happens when there is selling and buying of goods. In order to avoid discrepancies and…
Q: James sold his 1965 e-type jaguar car to Shirley for $18,500. During the negotiations James claimed…
A: A valid contract typically requires the following elements: offer, acceptance, consideration,…
Q: If one party to a contract uses any form of unfair coercion to induce another party to enter into or…
A: True.
Q: Kim Kardashian borrowed $200,000 from Big Bank to buy inventory to sell in her make-up shop. She…
A: At the point when an organization or individual fails and they have taken acquired cash or advance…
Q: Dorton, as a representative for The Carpet Mart, purchased carpets from Collins & Aikman that…
A: Summary of case D is the representative of C, who purchase caret from CA company. CA company…
Q: Dean was hired on February 12 as a sales manager of the Co-op Dairy for a minimum period of one year…
A: A contract is a written legally binding document that clearly states all the terms and conditions…
Q: aby Gonzalez obtained two CDs at second Federal savings and Loan association (second) with her…
A: Bank's liability: A bank brings the obligation to its depositors to recompense on interest/request…
Q: Damages and Equitable Remedies (a) How are damages different than equitable remedies? (b) If…
A: 1. (a) Damages and equitable remedies are separate legal notions used to rectify breaches of…
Q: Textile Inc. sells goods to United Stores in exchange for a note signed by the buyer. Textile sells…
A: Transfer warranties are legal concepts that pertain to the transfer of negotiable instruments, such…
Q: Nolan agreed orally with Train to sell Train a house for $100,000. Train sent Nolan a signed…
A: The Statute of Frauds is a legal doctrine that requires certain types of contracts to be in writing…
Q: Ming entered into a contract with Lee to supply Lee with smuggled cigarettes. Lee received the…
A: In this scenario, Ming and Lee entered into a contract for the supply of smuggled cigarettes which…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Abigail is in the business of selling fine antiques. Abigail purchased an antique desk for $5,000 from Jackson, and gave a promissory note for payment. Concerned that Jackson might not accept the note, Abigail had her friend Catalina sign the promissory note as well. Jackson accepted the note as payment. Two weeks later, Jackson sought payment on the note. Abigail told Jackson that she is not responsible for the promissory note because Catalina signed the note too, and Jackson had to seek payment from Catalina first. Abigail also spotted a beautiful set of vintage chairs owned by Max that would be perfect for her store. Abigail wrote a $10,000 check, also signed by her business associate Orville as an accommodation party, to Max to pay for the chairs. Max presented the check to Westville Savings, the bank where Abigail has a checking account, for payment. Westville Savings dishonored the check claiming Abigail had insufficient funds. Who is liable for these negotiable…Broker Juanita is in a single agent relationship with Seller Mike when one of Juanita's sponsored sales associates brings a buyer to the transaction. Select the statement that indicates what Juanita will need to do with respect to her relationship with Seller Mike if the buyer remains in a transaction broker relationship with the sponsored sales associate. No further actions are needed with respect to Mike's relationship. move Mike to a transaction broker relationship by having him sign a consent to transaction disclosure notice move Mike to a transaction broker relationship without informing himReed, a manager for XYZ Products, issued company checks to pay his personal debts. So that no one in the company would know what he was doing, he disguised the name of the payees. For example, to pay his American Credit Card bill, he issued the XYZ check to “American.” XYZ Products sued the recipients of the checks, such as American Credit Card, demanding that the funds be returned. The trial court ruled against XYZ Products concluding that the Defendant-Payee, American Credit Card, was a holder in due course and thus took the checks free of any claims or defenses. Was the trial court correct in ruling that American Credit Card is a holder in due course? Why? What law is applicable? Can Reed be held criminally liable for his actions? Why or why not? Can Reed be civilly liable for his actions? To whom might Reed be liable and for what? 4. What is the business lesson to be learned from this case? Is this a fair result based on public policy constructs applicable to property…
- Andrews and Brown hired a bookkeeper, Jenice, and gave her general authority to issue company checks drawn on SunTrust Bank so that Jenice can pay employees’ wages and other company bills. Jenice decides to cheat her employers out of $10,000 by issuing a check payable to the Bayside Distributors, one of the suppliers of seafood and fresh local produce. Jenice does not intend for Bayside to receive any of the money, nor is Bayside entitled to the payment. Jenice endorses the check in Bayside’s name and deposits the check in an account that she opened at Wells Fargo Bank in the name “Bayfood Dist. Co.” Wells Fargo accepts the check and collects payment from the drawee bank, SunTrust. SunTrust charges [Name of Restaurant] account $10,000. Denice transfers $10,000 out of the Bayside account and closes it. [Name of Restaurant] discovers the fraud and demands that the bank return the money. Evaluate which party or parties bear the loss.Columbia University brought suit against Jacobsen on two notes signed by him and his parents. The notes represented the balance of tuition he owed the University. Jacobsen counterclaimed for money damages due to Columbia’s deceit or fraudulent misrepresentation. Jacobsen argues that Columbia fraudulently misrepresented that it would teach wisdom, truth, character, enlightenment, and similar virtues and qualities. He specifically cites as support the Columbia motto: “in lumine tuo videbimus lumen” (“In your light we shall see light”); the inscription over the college chapel: “Wisdom dwelleth in the heart of him that hath understanding”; and various excerpts from its brochures, catalogues, and a convocation address made by the University’s president. Jacobsen, a senior who was not graduated because of poor scholastic standing, claims that the University’s failure to meet its promises made through these quotations constituted fraudulent misrepresentation or deceit. Decision?Richard wants to sell his house, as is (meaning, "no warranties"). for $555,000. His neighbor, Chico. expresses interest in buying the house but wants time to think it over. Chico asks Richard to keep the offer open for five days. Richard gives Chico a written document, without a signature, that states, "Richard will not revoke the offer for five days." Three days later, Richard revokes the offer. Chico argues the offer was not revocable for another two days. Was the offer revocable? Yes, because there was not a valid option. No, because there was a valid option. Yes, because Chico did not sign the offer. O No. because there was a valid firm written offer. O Yes, because an offeror can always revoke.
- Jarvis Enterprises ordered 50 boxes of blueberries from Agricultural Wholesalers, Inc. Agriculture delivered 50 boxes of blackberries. Jarvis rejected the blackberries and attempted to contact Agriculture. After many unsuccessful attempts, Jarvis decided to sell the blackberries to Cold Ice Cream Co. for $500. Jarvis was ready to forward the money after deducting its expenses and a commission to Agriculture, but when Agriculture learned the sale price, it objected. Agriculture feels that the blackberries had a fair market value of $1,200, and that Jarvis sold the blackberries too cheaply. Discuss the legal rights and duties of Jarvis in this situation.A co-worker of Illinois licensee Mona shared a client’s confidential information with her and asked Mona not to tell anyone. Instead of keeping it to herself, Mona gave the information to another licensee. Which statutory duty has been breached? Adhere to the brokerage agreement’s terms Employ reasonable skill and care in performing brokerage services for the client Keep all confidential information provided by the client confidential Serve the client’s best interestsDorian breeds Scottish Fold kittens and informs Stevie that she is a cat breeder. Stevie says she is interested in purchasing one of her kittens. Dorian calls Stevie a month later and says Stevie’s kitten is ready for pickup and Stevie owes her $1,000. Stevie refuses, stating they did not have a valid contract. Dorian states they did have a valid contract. Who is correct?
- A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills. One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity. Was this contract voidable, or valid and enforceable? Answer the questions.The Alberta Motor Association (the Payor) carried on a business of training and providing instruction to individuals who wanted to obtain vehicle operator’s licences. Mr. Bourne (the Appellant) had an arrangement with the Payor to provide such instruction. The Payor had treated Mr. Bourne as an independent contractor from 2018 to 2020. Mr. Bourne was claiming that he was an employee of the Alberta Motor Association in 2020. Should Mr. Bourne be viewed as an employee of the Alberta Motor Association or, alternatively, an independent contractor? List all of the factors that should be considered in reaching a conclusion. The facts in this case are as follows:• the Payor operated as a membership based association; (admitted)• the Payor had clients who wanted to obtain motor vehicle operator’s licences; (admitted)• the Appellant was hired as a driving instructor; (admitted)• the Appellant entered into a written contract with the Payor stating that the Appellant was a contractor and not an…Ramona Smith spilled orange juice on her computer two days before her term paper was due. Ramona desperately needed a new laptop, so she went online and found a laptop that fit her needs. She emailed the seller, Effie Frost, expressing her desire to purchase the laptop. Effie ernailed Ramona back and said that she (Effie) would sell Effie's laptop to Ramona for $300. An hour later, Ramona and Effie signed the following agreement: "1, Effie Frost, agree to sell my laptop computer to Ramona Smith for Four Hundred Dollars and zero cents. This is the entirety of the agreement. This agreement supersedes any and all other agreements made by the seller and the buyer." Ramona now claims that she should only pay $300 for the laptop because during that initial email exchange with Effie, Effie told Ramona that $300 was the price of the laptop, and she has the email exchange as evidence of the price quote of $300. What legal concept could be used to enforce the contract for $400? O Condition…