Questions from Business Law

Q: Motorola manufactured cell phones for Nextel of Mexico at its facility in

Motorola manufactured cell phones for Nextel of Mexico at its facility in Plantation, Florida. Nextel used Westwind International to arrange transporta- tion of the cell phones. Westwind utilized Tran...

Q: Richard Schewe and others placed personal property in a building occupied by

Richard Schewe and others placed personal property in a building occupied by Winnebago County Fair Association, Inc. Prior to placing their property in the building, they signed a “ Storage Rental Agr...

Q: Is the following instrument negotiable? I, Richard Bell, hereby

Is the following instrument negotiable? I, Richard Bell, hereby promise to pay to the order of Lorry Motors Ten Thousand Dollars ($10,000) upon the receipt of the final distribution from the estate of...

Q: The state of Alaska was a tenant in a large office building

The state of Alaska was a tenant in a large office building owned by Univentures, a partnership. The state made a lease payment of $28,143.47 to Uni- ventures with state treasury warrant No. 21045102....

Q: In 1983, Carpet Contracts owned a commercial lot and building,

In 1983, Carpet Contracts owned a commercial lot and building, which it operated as a retail carpet outlet. In April of 1983, Carpet Contracts entered into a credit sales agreement with Young Electric...

Q: McLeod purchased several items from Sears, Roebuck & Co. on

McLeod purchased several items from Sears, Roebuck & Co. on credit. The description of the items, in which Sears took a purchase money security interest, was as follows: “ MITER SAW; LXITV- RACDC [a t...

Q: Consider the following cases and determine whether the financing statements as filed

Consider the following cases and determine whether the financing statements as filed would be valid under Article 9. Be sure to consider the standard of “ seriously misleading ” under Revised Article...

Q: First Union Bank of Florida loaned money to Dale and Lynn Rix

First Union Bank of Florida loaned money to Dale and Lynn Rix for their purchase of Ann ’ s Hallmark, a Florida corporation. First Union took a security interest in the store ’ s equipment, fixtures,...

Q: Benson purchased a new Ford Thunderbird auto- mobile. She traded

Benson purchased a new Ford Thunderbird auto- mobile. She traded in her old car and used the Magnavox Employees Credit Union to finance the balance. The credit union took a security interest in the Fo...

Q: While Clara Novak was sick, her daughter Janie helped her in

While Clara Novak was sick, her daughter Janie helped her in many ways. Clara died, and Janie then claimed that she was entitled to be paid for the services she had rendered her mother. This claim was...