Harry lends his car to his friend Alice for the month of January while she is away on holiday overseas. a) Explain who the owner of the car is during this time. b) If Alice allows her younger sister Jo to drive the car to Melbourne for the last weekend in January, explain who the owner of the car is during this period
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- Broderick owns a beautiful automobile, a 1971 Nissan Newport. Ophelia has offered to buy the car from Broderick on multiple occasions for $20,000, but Broderick has always declined the offer. One night, Ophelia visited the tavern where she knew Broderick usually spent his evenings relaxing. having dinner, and drinking one beer. Upon her arrival, Ophelia ordered a beer for herself and a milkshake for Broderick. Ophelia and Broderick proceeded to make jokes and share a few laughs, and again she offered to buy the car from Broderick. This time, Broderick laughed and agreed. writing out and signing a written agreement to sell the car to Ophelia for $20,000 on several sheets of paper brought to them by an employee of the tavern. Ophelia observed what Broderick was doing, and she smiled and nodded numerous times as Broderick completed writing out the terms and then handed the sheets of paper to Ophelia. Then, Ophelia signed on the signature line for her that Broderick had placed on the form…Liability for a Lost ATM Card Joshua Franz, of Oxford, Mississippi, earned $4,600 during the summer and put $3,000 of the money in a newly opened savings account for use during the school year. It is now November 4th and Joshua went to the bank to withdraw some cash. The teller informed him that there was only $2,100 in the account. When Joshua protested, the teller informed him that there had been three ATM $300 withdrawals from the account on the last day of the month in August, September and October. Joshua typically neglects to open the statements he had received on the third day of each month. When he got home he could not find the ATM card he had received when he opened the account in August and recalled that he had found his car door open in his parking lot in late August but had thought nothing was taken. When he opened the statements he saw the record of each of the withdrawals. He went immediately back to the bank to tell them of the loss. How much money will Joshua lose…