Questions from Business Law

Q: Manny Fakhimi agreed to buy an apartment com- plex for $

Manny Fakhimi agreed to buy an apartment com- plex for $697,000 at an auction from David Mason. Fakhimi was obligated to put up 10 percent of the agreed-to price at the auction as a deposit. The agree...

Q: Protein Blenders, Inc., made a contract with Gingerich to buy

Protein Blenders, Inc., made a contract with Gingerich to buy from him the shares of stock of a small corporation. When the buyer refused to take and pay for the stock, Gingerich sued for specific per...

Q: How does the selling of subsidized foreign goods in the United

How does the selling of subsidized foreign goods in the United States adversely affect free trade?

Q: The buyer of real estate made a down payment. The contract

The buyer of real estate made a down payment. The contract stated that the buyer would be liable for damages in an amount equal to the down payment if the buyer broke the contract. The buyer refused t...

Q: FNBC is a business brokerage firm that assists in the purchase and

FNBC is a business brokerage firm that assists in the purchase and sale of businesses. Jennings and Hennessey were independent contractors working for FNBC. They left FNBC, and FNBC sued them for brea...

Q: Melodee Lane Lingerie Co. was a tenant in a building that

Melodee Lane Lingerie Co. was a tenant in a building that was protected against fire by a sprinkler and alarm system maintained by the American District Telegraph Co. (ADT). Because of the latter ’ s...

Q: Ken Sulejmanagic, aged 19, signed up for a course in

Ken Sulejmanagic, aged 19, signed up for a course in scuba diving taught by Madison at the YMCA. Before the instruction began, Ken was required to sign a form releasing Madison and the YMCA from liabi...

Q: Wassenaar worked for Panos under a three-year contract stating that

Wassenaar worked for Panos under a three-year contract stating that if the contract were terminated wrongfully by Panos before the end of the three years, he would pay as damages the salary for the re...

Q: Soden, a contractor, made a contract to build a house

Soden, a contractor, made a contract to build a house for Clevert. The sales contract stated that “ if either party defaults in the performance of this contract, ” that party would be liable to the ot...

Q: Joe obtained a box of antique Lenox china dishes that had been

Joe obtained a box of antique Lenox china dishes that had been left at the Mashpee town dump. He supplemented the sizable but incomplete set of dishes with other Lenox pieces found at antique dealers....