Questions from Business Law

Q: Planned Pethood Plus, Inc. (PPP), a veterinary clinic

Planned Pethood Plus, Inc. (PPP), a veterinary clinic, borrowed $389,000 from KeyBank. The term of the loan was ten years. A “prepayment penalty” clause provided a formula to add an amount to the bala...

Q: Before buying a house, Dean and Donna Testa hired Ground Systems

Before buying a house, Dean and Donna Testa hired Ground Systems, Inc. (GSI), to inspect the sewage and water disposal system. GSI reported a split system with a watertight septic tank, a wastewater t...

Q: After submitting the high bid at a foreclosure sale, David Simard

After submitting the high bid at a foreclosure sale, David Simard entered into a contract to purchase real property in Maryland for $192,000. Simard defaulted (failed to pay) on the contract, so a sta...

Q: Cuesport Properties, LLC, sold a condominium in Anne Arundel County

Cuesport Properties, LLC, sold a condominium in Anne Arundel County, Maryland, to Critical Developments, LLC. As part of the sale, Cuesport agreed to build a wall between Critical Developments’ unit a...

Q: Mia Eriksson was a seventeen-year-old competitor in horseback

Mia Eriksson was a seventeen-year-old competitor in horseback-riding events. Her riding coach was Kristi Nunnink. Eriksson signed an agreement that released Nunnink from all liability except for damag...

Q: On a weekday, Tamara Cohen, a real estate broker,

On a weekday, Tamara Cohen, a real estate broker, showed a townhouse owned by Ray and Harriet Mayer to Jessica Seinfeld, the wife of comedian Jerry Seinfeld. On the weekend, when Cohen was unavailable...

Q: Antex Industries, a Japanese firm, agreed to purchase 92,

Antex Industries, a Japanese firm, agreed to purchase 92,000 electronic integrated circuits from Electronic Arrays. The Swiss Credit Bank issued a letter of credit to cover the transaction. The letter...

Q: U.S. pineapple producers alleged that producers of canned pineapple

U.S. pineapple producers alleged that producers of canned pineapple from the Philippines were selling their canned pineapple in the United States for less than its fair market value (dumping). The Phi...

Q: U.S. citizens who were descendants of victims of the

U.S. citizens who were descendants of victims of the Holocaust (the mass murder of 6 million Jews by the Nazis during World War II) in Europe filed a claim for breach of contract in the United States...

Q: Bell Helicopter Textron, Inc., designs, makes, and sells

Bell Helicopter Textron, Inc., designs, makes, and sells helicopters with distinctive and famous trade dress that identifies them as Bell aircraft. Bell also owns the helicopters’ design patents. Bell...