Questions from Business Law


Q: Carman Tool & Abrasives, Inc., purchased two milling machines,

Carman Tool & Abrasives, Inc., purchased two milling machines, FOB Taiwan, from the Dah Lih Machinery Co. Carman obtained ocean marine cargo insurance on the machines from St. Paul Fire and Marine Ins...

See Answer

Q: Vallot was driving his farm tractor on the highway. It was

Vallot was driving his farm tractor on the highway. It was struck from the rear by a truck, overturned, exploded, and burned. Vallot was killed, and a death claim was made against All American Insuran...

See Answer

Q: Gilbert Church owned Church Farms, Inc., in Manteno, Illinois

Gilbert Church owned Church Farms, Inc., in Manteno, Illinois. Church advertised its well-bred stallion Imperial Guard for breeding rights at $50,000, directing all inquiries to “ Herb Bagley, Manager...

See Answer

Q: How does an agent differ from an independent contractor?

How does an agent differ from an independent contractor?

See Answer

Q: Compare authorization of an agent by (a) appointment and

Compare authorization of an agent by (a) appointment and (b) ratification.

See Answer

Q: Ernest A. Kotsch executed a durable power of attor- ney

Ernest A. Kotsch executed a durable power of attor- ney when he was 85 years old, giving his son, Ernie, the power to manage and sell his real estate and personal property “ and to do all acts necessa...

See Answer

Q: Ken Jones, the number-one-ranked prizefighter in his

Ken Jones, the number-one-ranked prizefighter in his weight class, signed a two-year contract with Howard Stayword. The contract obligated Stayword to represent and promote Jones in all business and p...

See Answer

Q: Carriage Way was a real estate development of approximately 80 houses and

Carriage Way was a real estate development of approximately 80 houses and 132 apartments. The property owners were members of the Carriage Way Property Owners Association. Each year, the association w...

See Answer

Q: Lloyd and Mario Spaulding entered into a contract to purchase property from

Lloyd and Mario Spaulding entered into a contract to purchase property from Richard and Robert Krajcir. The two Spaulding brothers signed a promissory note to the Krajcir brothers with the following l...

See Answer

Q: Paul Strich did business as an optician in Duluth, Minnesota.

Paul Strich did business as an optician in Duluth, Minnesota. Paul used only the products of the Ply- mouth Optical Co., a national manufacturer of optical products and supplies with numerous retail o...

See Answer