Questions from Business Law

Q: Mary Dale worked in the law office of Emory Stone, an

Mary Dale worked in the law office of Emory Stone, an attorney practicing securities law. While proof- reading Mary ’ s keying of a document relating to the merger of two computer software companies,...

Q: International Advertising, Inc. (IA), would like to raise

International Advertising, Inc. (IA), would like to raise $10 million in new capital to open new offices in Eastern Europe. It believes it could raise the capital by selling shares of stock to its dir...

Q: Dubois sold Hocking a condominium that included an option to participate in

Dubois sold Hocking a condominium that included an option to participate in a rental pool arrangement. Hocking elected to participate in the arrangement. Under it, the rental pool ’ s agent rented con...

Q: William Rubin, president of Tri-State Mining Co., sought

William Rubin, president of Tri-State Mining Co., sought a loan from Bankers Trust Co. To secure the loan, he pledged worthless stock in six companies and represented that the stock was worth $1.7 mil...

Q: A note from Mark Johnson with HealthCo International as payee for $

A note from Mark Johnson with HealthCo International as payee for $28,979.15 included the following language: payable in _________, Successive Monthly Installments of $ Each, and in 11 Successive Mont...

Q: An insurer issued a settlement check on a claim brought by an

An insurer issued a settlement check on a claim brought by an injured minor that was payable to “ Trudy Avants attorney for minor child Joseph Walton, mother Dolores Carpenter 11762 S. Harrells Ferry...

Q: J. C. Cowdin, a director of Curtis-Wright

J. C. Cowdin, a director of Curtis-Wright Co., phoned Robert Gintel, a partner of Cady, Roberts & Co., a stock brokerage house, and advised him that Curtis-Wright ’ s quarterly dividend had been cut....

Q: Copenhaver wrote a will in ink, which was found with her

Copenhaver wrote a will in ink, which was found with her other papers in her bedroom at her death. Pencil lines had been drawn through every provision of the will and the signature. There was no evide...

Q: Reebok manufactures and sells fashionable athletic shoes in the United States and

Reebok manufactures and sells fashionable athletic shoes in the United States and abroad. It owns the federally registered Reebok trademark and has registered this trademark in Mexico as well. Nathan...

Q: Equisure, Inc., was required to file audited financial statements when

Equisure, Inc., was required to file audited financial statements when it applied for a listing on the American Stock Exchange (AMEX). Stirtz, Equi- sure ’ s auditor, issued a favorable audit opinion...