Questions from Business Law

Q: Ribaldgo Argo Consultores entered into a contract with R. M.

Ribaldgo Argo Consultores entered into a contract with R. M. Wade & Co. for the purchase of irrigation equipment. Ribaldgo obtained a letter of credit from Banco General, a bank with its principal pla...

Q: Hugill agreed to deliver shingles to W. I. Carpenter Lumber

Hugill agreed to deliver shingles to W. I. Carpenter Lumber Co. and furnished a surety bond to secure the faithful performance of the contract on his part. After a breach of the contract by Hugill, th...

Q: Jack Smith was required by his bank to obtain two sureties for

Jack Smith was required by his bank to obtain two sureties for his line of credit of $100,000. Ellen Weiss has agreed to act as a surety for $50,000, and Allen Fox has agreed to act as a surety for $7...

Q: Charter Bank of Gainesville had in its possession a note containing the

Charter Bank of Gainesville had in its possession a note containing the following provision: “ This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker...

Q: Stevens purchased a pair of softball shoes manufactured by Hyde Athletic Industries

Stevens purchased a pair of softball shoes manufactured by Hyde Athletic Industries. Because of a defect in the shoes, she fell and broke an ankle. She sued Hyde under the state consumer protection ac...

Q: Alpha University has an arrangement with Axis Credit Card Company to collect

Alpha University has an arrangement with Axis Credit Card Company to collect 1 percent on all credit card charges made by students who obtain their cards through booths on the Alpha campus. Do any con...

Q: List three areas in consumer credit cards affected by the CARD Act

List three areas in consumer credit cards affected by the CARD Act.

Q: Parente, Randolph, Orlando & Associates (Parente) is an

Parente, Randolph, Orlando & Associates (Parente) is an accounting firm that had done auditing work for Sparkomatic for nearly 20 years. On June 14, 1993, Sparkomatic entered into a Memorandum of Inte...

Q: Willingham proposed to obtain an investment property for the Tschiras at a

Willingham proposed to obtain an investment property for the Tschiras at a “fair market price,” lease it back from them, and pay the Tschiras a guaranteed return through a management contract. Using a...

Q: A made a contract to construct a house for B. Subsequently

A made a contract to construct a house for B. Subsequently, B sued A for breach of contract. A raised the defense that the contract was not binding because it was not sealed. Is this a valid defense?...