Questions from Business Law

Q: Kay signed a promissory note for $220,000 that was

Kay signed a promissory note for $220,000 that was payable to Investments, Inc. The company then indorsed the note over to its lawyers to pay past and future legal fees. Were the lawyers holders in du...

Q: Shelby wrote the following check to Dana. When is it payable

Shelby wrote the following check to Dana. When is it payable and for how much?

Q: Teri and Jerry entered into a contract with a real estate developer

Teri and Jerry entered into a contract with a real estate developer that provided he would build the house of their dreams on a lot that he owned. In payment for the property and the house, T&J signed...

Q: Catherine suffered serious physical injuries in an automobile accident and became acutely

Catherine suffered serious physical injuries in an automobile accident and became acutely depressed as a result. One morning, she received a check for $17,400 in settlement of her claims arising out o...

Q: On June 30, John signed a demand promissory note for $

On June 30, John signed a demand promissory note for $2,000 to the Camelot Country Club. The note stated that it was being given in payment for a membership in the country club, but in fact, the club...

Q: On October 12, James Camp agreed to provide services to Shawn

On October 12, James Camp agreed to provide services to Shawn Sheth by October 15. In payment, Sheth gave Camp a check for $1,300 that was postdated October 15. On October 13, Camp sold the check to B...

Q: You are a president of a small, highly rated, liberal

You are a president of a small, highly rated, liberal college in California. Many of the dining hall workers are Latino. Some of these workers are trying to organize a union, which would dramaticall...

Q: Kendall raised hogs. The Grain Company would provide him with hogs

Kendall raised hogs. The Grain Company would provide him with hogs and grain and, in return, he would sign a promissory note in an amount equal to the value of these items. Once the pigs were grown,...

Q: Before Parris’s lawsuit against Railroad had settled, he left town and

Before Parris’s lawsuit against Railroad had settled, he left town and closed out his account with Bank. Railroad then issued a check to him which somehow came to be in Eddy’s possession. Eddy indors...

Q: Merlyn borrowed money from Finance Co. to buy equipment for his

Merlyn borrowed money from Finance Co. to buy equipment for his farm. He promised Finance that he would accept payment for his crops only with checks that named him and Finance as co-payees. This way,...