Questions from Business Law

Q: Marsh has a prize horse named Arabian Knight. In need of

Marsh has a prize horse named Arabian Knight. In need of working capital, Marsh borrows $5,000 from Mendez, who takes possession of Arabian Knight as security for the loan. No written agreement is sig...

Q: Walid Elkhatib, an Arab American, bought a Dunkin’ Donuts franchise

Walid Elkhatib, an Arab American, bought a Dunkin’ Donuts franchise in Illinois. Ten years later, Dunkin’ Donuts began offering breakfast sandwiches with bacon, ham, or sausage through its franchises....

Q: Sandra Lerner and Patricia Holmes were friends. One evening, while

Sandra Lerner and Patricia Holmes were friends. One evening, while applying nail polish to Lerner, Holmes layered a raspberry color over black to produce a new color, which Lerner liked. Later, the tw...

Q: At least six months before the Summer Olympic Games in Atlanta,

At least six months before the Summer Olympic Games in Atlanta, Georgia, a group made up of Stafford Fontenot, Steve Turner, Mike Montelaro, Joe Sokol, and Doug Brinsmade agreed to sell Cajun food at...

Q: Newbury Properties Group owns, manages, and develops real property.

Newbury Properties Group owns, manages, and develops real property. Jerry Stoker and the Stoker Group, Inc. (the Stokers), also develop real property. Newbury entered into agreements with the Stokers...

Q: Milena Weintraub and Larry Griffith were shareholders in Grand Casino, Inc

Milena Weintraub and Larry Griffith were shareholders in Grand Casino, Inc., which operated a casino in South Dakota. Griffith owned 51 percent of the stock and Weintraub 49 percent. Weintraub managed...

Q: Go to Appendix G at the end of this text and examine

Go to Appendix G at the end of this text and examine the excerpt of Case No. 5, City of Livonia Employees’ Retirement System and Local 295/Local 851 v. Boeing Co. Review and then brief the case, makin...

Q: Karel Svoboda, a credit officer for Rogue Bank, evaluated and

Karel Svoboda, a credit officer for Rogue Bank, evaluated and approved his employer’s extensions of credit to clients. These responsibilities gave Svoboda access to nonpublic information about the cli...

Q: Since the 1990 revision of Article 4, a bank is no

Since the 1990 revision of Article 4, a bank is no longer required to include the customer’s canceled checks when it sends monthly statements to the customer. A bank may simply itemize the checks (by...

Q: On January 5, Brian drafts a check for $3,

On January 5, Brian drafts a check for $3,000 drawn on Southern Marine Bank and payable to his assistant, Shanta. Brian puts last year’s date on the check by mistake. On January 7, before Shanta has h...