Q: Samson Industries ceased doing business and is in bankruptcy proceedings. Among
Samson Industries ceased doing business and is in bankruptcy proceedings. Among the creditors are five employees seeking unpaid wages. Three of the employees are owed $3,500 each, and two are owed $1,...
See AnswerQ: Steven and Teresa Hornsby are married and have three young children.
Steven and Teresa Hornsby are married and have three young children. On May 25, 1993, the Hornsbys filed a voluntary Chapter 7 petition. They had by that date accumulated more than $30,000 in debt, st...
See AnswerQ: TLC was an Atlanta rhythm, blues, and hip-hop
TLC was an Atlanta rhythm, blues, and hip-hop band that performed at clubs in 1991. The three- woman group signed a recording contract with LaFace Records. The group ’ s first album that LaFace produc...
See AnswerQ: When Harriet went away for the summer, Landry, a house
When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighbor’s house but painted Harriet’s house by mistake. When Harriet returned from vaca...
See AnswerQ: Mr. Keyes was injured on April 30, 2010, when
Mr. Keyes was injured on April 30, 2010, when he fell off Ms. Thibodeaux ’ s roof. Mr. Keyes was cleaning and measuring the roof in preparation for painting when, unbeknownst to him, Ms. Thibodeaux sp...
See AnswerQ: Spector owned a small automobile repair garage in rural Kansas that was
Spector owned a small automobile repair garage in rural Kansas that was valued at $80,000. He purchased fire insurance coverage against loss to the extent of $48,000. The policy contained an 80 per- c...
See AnswerQ: Northwest Harvest Products, Inc., fell behind on its trade account
Northwest Harvest Products, Inc., fell behind on its trade account with Major Products Company, Inc., and Major requested a note for the debt. Northwest sent a $79,000 corporate note. The balance on t...
See AnswerQ: Anderson Development Co. (ADC) manufactures organic materials at its
Anderson Development Co. (ADC) manufactures organic materials at its plant in Adrian, Michigan. The Environmental Protection Agency (EPA) sent ADC a formal notification that it was considered a “ pote...
See AnswerQ: Cecil Usher owned Belize NY, Inc. (Belize), a
Cecil Usher owned Belize NY, Inc. (Belize), a small construction company doing business in New York City. Belize purchased a commercial general liability insurance policy from Mount Vernon Fire Insura...
See AnswerQ: Gerhard Schillers was assisting his friend J.L. Loethen in
Gerhard Schillers was assisting his friend J.L. Loethen in removing a transmission from the bed of the Loethens ’ truck on the Loethens ’ property. While Schillers was carrying the transmission down t...
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