Damaris is in possession of a check issued to her by Erik. The check states "Pay to the order of Damaris." If Damaris wishes to transfer the check to Faisal to pay a debt she owes him, all she needs to do is strike out her name on the front of the check, write in Faisal's name, and give it to him. Select one: True False
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- Daniel, a property developer, is selling a house to Peter, who is 25 years old and intellectually impaired. Houses of an equivalent size and quality in the area generally go for about half the price that Daniel has negotiated with Peter. Peter has paid the deposit and waived the cooling off period under the contract. Peter’s cousin, Jeremy, learns of the deal and is very concerned. Jeremy is Peter’s legal guardian. What can he do legally to help Peter? (Explain how those laws may be interpreted by existing common law and equitable rules and applied to property laws).White, an employee of ABC Corporation, intentionally issued two payments for the same invoice.After the disbursements had been mailed, White called the vendor and explained that a doublepayment had been made by mistake. She asked the vendor to return one of the checks to herattention. When the vendor returned the check, White took it and cashed it. This is an example of: a. A pass-through scheme b. A pay and return scheme c. A shell company scheme d. A receivables skimming schemeYour friend calls you on the phone and says that he has gotten a great deal on a large quantity of illegal iPads and wants you to help him sell them. He offers to give you half of all the money that is received. You agree to the suggestion but then call the police and tell them what has transpired. Has the situation gone far enough at this point to solicitation? What information do you have that would justify charging your friend with solicitation?
- In relation to Consideration select the CORRECT statement:Select one:To be valid, the agreed price and the goods sold, must be of equal value.Consideration can be vague or illusory as long as it was communicated to the other partyConsideration is the exchange of something of value (a thing, a promise, money etc), given in return for something else of value (a thing, a promise, money etc)Consideration is not necessary to form a legally binding contractTo be valid, Consideration must involve payment of money, in return for something of value.Andrews ordered 20 round tables to seat parties of two, 25 square tables to seat parties of four, 5 tables to seat larger parties and 175 chairs. The tables were specially ordered to contain the logo of the restaurant on the top of each table. Andrews paid for the entire shipment when placing the order; however, the supplier was responsible for making the shipping arrangements. The tables and chairs arrived three weeks later; however, five were scratched and damaged. Seven of the chairs were missing. Analyze the restaurant’s options related to the damaged tables and missing chairs. Be sure to address the applicability of the UCC to the transaction.Jill is an American making dresses in Alabama whose business is based on U.S. dollars. Jill has agreed to accept 1,000 Euros for the dresses she sold to a customer in Europe, with payment due in one month. True or false, Jill's profit on this transaction would be less than she anticipated at the time of the agreement, if changes in the conversion rate for Euros into U.S. dollars after the date of the agreement meant that Euros were worth less in U.S. dollars on the day that the customer actually paid her the 1,000 Euros. True or False?
- Darren goes to a monster truck rally. Before going to the rally, he does not read the back of his ticket, which states "Monster truck rallies are extremely loud and noisy. Ear protection is highly recommended. By purchasing this ticket, the bearer of the ticket has expressly assumed any and all risk of ear injury associated with attending this event." Darren, not having read the back of the ticket, does not bring earplugs or other protective ear equipment to the rally. After the rally, he has constant ringing in his ears and cannot clearly hear people talk to him. Did Darren expressly assume the risk of ear injury? What about impliedly? Why or why not?Steve was helping to renovate his friend Ben’s home. Ben realized he needed some pipe to complete a plumbing installation, but didn’t have any cash on him, so Steve gave him $5.00. In consideration of that, Ben said that he would share his $10.00 Super Lotto ticket with Steve, should he win. Ben then took the $5.00, bought the pipe, and Steve installed it. Later that month, Ben was declared the winner of the lottery draw, in the amount of $1,000,000. He tried to hide the fact that he had won, denying to Steve that he was the winner. He later told him that he had only won $50,000, and in any case, that the winner was one of five tickets he had purchased after the one he said he’d split with Steve. Does Steve have an enforceable contract with Ben, such that he’s entitled to half of the $1,000,000? What do you think his chances are if he tries to sue Ben to enforce the contract? Would they be better or worse if Ben hadn’t denied winning in the first place?Carl works as a waiter for a restaurant in Panama City Beach, Florida. The restaurant closes at 11:00 p.m. Two patrons came in at 10:30 p.m. and stayed until 12:00 a.m. Carl was their waiter and gave excellent customer service. The patrons left a $5.00 tip for Carl on a $200.00 bill and left a note saying, “Go back to school if you want more money.” Carl was so upset that he went home and posted on Facebook about how cheap, stinky, and ugly the patrons were. Carl mentioned the restaurant's name in his post. Carl had only 20 Facebook friends, and his privacy settings only allowed friends to see his posts. One of Carl's coworkers saw the post and told the restaurant manager. The restaurant manager terminated Carl based on violating two company policies: 1. The policy prohibiting speaking disparagingly about customers and 2. The policy prohibits casting the restaurant negatively on social media networks. Carl is not in a union. How do you analyze whether or not the restaurant's…
- 19Standard Appliance Co. has an employee pension plan under which Aurelia has worked for 31 years. Aurelia is laid off at age 60, and five years later, she retires and attempts to draw her pension benefits. However, Aurelia is informed that she is not eligible for pension benefits because she had not been working under the Standard Appliance Co. plan at the time of her retirement. Is this correct? Yes, if that is what the Standard Appliance Co. plan specifies. No, since Aurelia worked longer than 10 years for Standard Appliance Co. No, since Aurelia's benefits are vested. Yes, since Standard Appliance Co, only has a responsibility to current employees.A 72-year-old pensioner was robbed of $23,000 moments after she left a bank in St. Augustine on Monday. Uncutt News was told that the woman, who lives at Valsayn South, was also robbed of her purse which contained personal items. Around 1:30 pm on Monday 24th April 2023, the victim emerged from Scotia Bank at the corner of St. John's Road and Eastern Main Road in St. Augustine and was walking through the car park when a car stopped near her. Two suspects got out of a grey Toyota motorcar Reg. No. PDJ 9252 and approached her. One of the suspects pointed a gun at the woman and announced a robbery. The victim, Uncutt understands, handed over a white envelope that contained TTD 23,000. She was also relieved of two gold rings, and a black wallet with personal items including her Driver's Permit and national ID card. The suspects re-entered their vehicle and fled the scene. A report was made to the police and PC Mosan of the St. Joseph CID was detailed to investigate the incident.…