Questions from Business Law

Q: From the United Insurance Co., Rebecca Foster obtained a policy insuring

From the United Insurance Co., Rebecca Foster obtained a policy insuring the life of Lucille McClurkin and naming herself as beneficiary. McClurkin did not live with Foster, and Foster did not inform...

Q: Dr. George Allard and his brother-in-law,

Dr. George Allard and his brother-in-law, Tom Rowland, did not get along after family land that was once used solely by Rowland was partitioned among family members after the death of Rowland ’ s fath...

Q: Arthur Katz testified for the U.S. government in a

Arthur Katz testified for the U.S. government in a stock manipulation case. He also pled guilty and testified against three of his law partners in an insurance fraud case. He received a six-month sent...

Q: Linda Filasky held policies issued by Preferred Risk Mutual Insurance Co.

Linda Filasky held policies issued by Preferred Risk Mutual Insurance Co. Following an injury in an automobile accident and storm damage to the roof of her home, Filasky sustained loss of income, thef...

Q: Baurer purchased a White Freightliner tractor and agreed that his son-

Baurer purchased a White Freightliner tractor and agreed that his son-in-law, Britton, could use it in the trucking business. In return, Britton agreed to haul Baurer ’ s hay and cattle, thus saving B...

Q: Margrethe and Charles Pyeatte, a married couple, agreed that she

Margrethe and Charles Pyeatte, a married couple, agreed that she would work so that he could go to law school and that when he finished, she would go back to school for her master’s degree. After Char...

Q: Collins obtained from South Carolina Insurance Co. a liability policy covering

Collins obtained from South Carolina Insurance Co. a liability policy covering a Piper Colt airplane he owned. The policy provided that it did not cover loss sustained while the plane was being pilote...

Q: Atlas Capital, LLC ’ s sole member and manager was Weston

Atlas Capital, LLC ’ s sole member and manager was Weston Wade Sleater. Mr. Sleater signed two promissory notes totaling $4,000,000 as the maker of the notes. The signature blocks of the notes read, “...

Q: Marshall Produce Co. had insured its milk- and egg-

Marshall Produce Co. had insured its milk- and egg- processing plant against fire. When smoke from a fire near its plant permeated the environment and was absorbed into the company ’ s egg powder prod...

Q: Amador Pena, who had three insurance policies on his life,

Amador Pena, who had three insurance policies on his life, wrote a will in which he specified that the proceeds from the insurance policies should go to his children instead of to Leticia Pena Salinas...