Before going on a business trip, Gina leaves the key to her apartment with Henri. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina all of the choices. checks her suitcase. O boards the plane. O delivers the key to Henri.
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- A bailment is a transfer of possession of personal property without a transfer of ownership; the receiving party agrees to return the property at a later time. Bailor is the owner and transferor of the goods. Bailee the party accepting possession of goods from a bailor. Sub-bailee is the party who received the property from the bailee. John, whose mother’s name, Maria, died. He contacted the funeral home, Thompson Funeral Home, to have the body of his mother cremated and her ashes stored in an urn. The urn was to be held until after the father of John died before deciding of what to do next. Four years later, the father of John died. The funeral home cremated the remains and placed them in another urn. The funeral home sought the instruction of John about what to do with two urns, but John was still unsure where he wanted to bury them. Later, John instructed the funeral home to send the urns to Westside Cemetery for burial in common grounds. Common grounds involve storage vault without…Please provide reaction on discussion below if you agree or disagree: William refrained from certain behaviors, as requested by his uncle, in exchange for a large sum of money. Since the executor of Story's estate refused to pay William, claiming that the contract lacked consideration, there is a theory of consideration that William can rely on. William can invoke the concept of forbearance, which he did by refraining from drinking liquor, using tobacco, swearing, and playing cards or billiards for money until he reached the age of 21. This act of forbearance on his part can be considered adequate consideration for the contract. In this case, even though refraining from liquor and tobacco has been beneficial for William's health, it can still be considered a legal detriment or forbearance for the contract. Considering the facts presented, William fulfilled his uncle's requirements, and Story acknowledged that William had fulfilled his part of the bargain. Based on this, there was valid…While on vacation in Ontario, your insured's automobile is broken into. The factory-installed AM/FM radio worth $500 is forcibly removed from the dashboard and a camera, valued at $400 is taken from the locked glove compartment. The thief also causes $400 damage to the automobile. The insured has O.A.P. 1 Owner's Policy with $500 deductible Comprehensive coverage. What would the automobile insurer pay in total? OA) $400.00 OB) $900.00 OC) $500.00 OD) $800.00
- In 2012, Angela took out a $15,000 loan against the cash surrender value of her whole life insurance policy. The funds were required to help pay for remodeling and redecorating her home. As a consequences of taking out the loan Angela had to report $3,000 of policy gain in 2014. She repaid $5,000 of the loan at the end of 2015, as well as paying the $600 of loan interest due for the year. What were the tax consequences to Angela and the policy as a result of the 2015 payments? A. She will be able to deduct $5,600 from her taxable income for 2015 ad the ACB of the policy will increased by $2,000. B. She will be able to deduct $3,000 from her taxable income for 2015 and the ACB of the policy will increase by $2,600. C. She will not be able to claim any deduction from her taxable income for 2015 and the ACB of the policy will increase by $5,650. D. She will be able to deduct $3,600 from her taxable income for 2015 and the ACB of the policy will increase by $2,000Simon has an extensive collection of rare stamps. When Simon faces financial difficulties, he decides to sell a few of his beloved stamps. Sophie offers to buy a stamp and Simon accepts Sophie's offer, but after Sophie pays Simon the agreed amount, Simon refuses to deliver the stamp and tries to return Sophie's money to her. Sophie refuses to accept her money and instead tells Simon she wants the stamp. Which of the following statements is true? a. Simon does not have to give Sophie the stamp because he offered to return the money Sophie paid. b. Simon does not have to give Sophie the stamp because he changed his mind. c. Simon has to give Sophie the stamp if Sophie sues him and requests specific performance. d. Simon has to give Sophie the stamp and her money to reimburse her for the emotional distress caused by Simon refusing to give her the stamp.Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Kompany. Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party, without telling Kup-a-Koffee's seller who that third party is. Iggy is a disclosed principal an implied principal an undisclosed principal a partially disclosed principal Next
- Dimitri lends his brother, Calvin, $1,800. Calvin and Willa agree that Calvin will build a new pool deck for Willa in exchange for Willa paying Dimitri $1,800. Calvin builds the pool deck, but Willa refuses to pay Dimitri any money. Can Dimitri sue for payment? O No, because Dimitri was not a party to the contract. O No. because Dimitri did not build the pool deck. O Yes, because Dimitri is a donee beneficiary. O No, because Dimitri is an incidental beneficiary. Yes, because Dimitri is a creditor beneficiary.While on vacation in Ontario, your insured's automobile is broken into. The factory-installed AM/FM radio worth $500 is forcibly removed from the dashboard and a camera, valued at $400 is taken from the locked glove compartment. The thief also causes $400 damage to the automobile. The insured has O.A.P. 1 Owner's Policy with $500 deductible Comprehensive coverage. What would the automobile insurer pay in total? OA) $400.00 OB) $900.00 OC) $500.00 OD) $800.00Vozzello is on a domestic flight heading from Seattle to Baltimore when he experiences a medical emergency. Thankfully, Doctor Amalia is also on the plane and is able to perform cardiopulmonary resuscitation ("CPR") to keep him stabilized until they land, at which point he is taken to a local hospital for further treatment. Two weeks later, Vozzello is shocked when he receives a $37.000 bill from Amalia for the services she provided. Amalia argues that $37,000 is reasonable because she is a nationally renowned cardiovascular specialist who graduated from one of the top medical schools in the world. Which of the following statements is correct? Since Vozzello benefitted from Amalia's services, an implied-in-fact contract was formed. He is therefore required by law to pay her typical rate, and $37.000 is justified considering her qualifications. Since Vozzello benefitted from Amalia's services, an implied-in-law contract was formed. He is therefore required by law to pay her typical…
- Purell magazine and publishing house started construction of the office complex, Richard Green, who oversaw many construction projects was shown a series of invoices for expenses on the project. Several of the invoices had his signature forged. All the forgeries were from the Painting division controlled by James Small. It was discovered that Small launched a scheme of crafting false invoices. He took a copy of the invoice and used his home computer to create a replica and record slightly different hours for the trade workers. He would deliver the false invoices with the legitimate ones for the VP's signature and then return for them in a week. He was well-liked and had worked there for 15 years. He would forge the contractor’s name on the back of the cheques and endorse it to his name then deposit it. He started small at $1,200 and escalated to his largest invoice of $66,000. Joyce Williams, a secretary at the office was on Small’s bowling team, but she was also his neighbor.…D bound himself to deliver a Sony LED TV with Serial No. WERT-35 to C and to repair C'S washing machine. D failed to perform both. A. C can compel D to deliver the TV but not to repair the washing machine. B. C can compel D to repair the washing machine but not to deliver the TV. C. C can compel D to perform both. D. C cannot compel D to perform both.If Tarek and Samantha purchase a car next week, how can they title the car so that they are both shown as an owner with a right of ownership at the death of the other spouse? Is there a titling method that they should not use?