Questions from Business Law

Q: What are the duties of the landlord and the tenant with respect

What are the duties of the landlord and the tenant with respect to the use and maintenance of leased property?

Q: What is an insurable interest? When must an insurable interest exist

What is an insurable interest? When must an insurable interest exist?

Q: What are the four essential elements of a trust?

What are the four essential elements of a trust?

Q: The Internet Corporation for Assigned Names and Numbers (ICANN) is

The Internet Corporation for Assigned Names and Numbers (ICANN) is a nonprofit entity that organizes Internet domain names. It is governed by a board of directors elected by various groups with commer...

Q: Residents of Lake Caliopa, Minnesota, began noticing an unusually high

Residents of Lake Caliopa, Minnesota, began noticing an unusually high number of lung ailments among the local population. Several concerned citizens pooled their resources and commissioned a study to...

Q: Superior Wholesale Corporation planned to purchase Regal Furniture, Inc., and

Superior Wholesale Corporation planned to purchase Regal Furniture, Inc., and wished to determine Regal’s net worth. Superior hired Lynette Shuebke, of the accounting firm Shuebke Delgado, to review a...

Q: Vanessa Denai owned forty acres of land in rural Louisiana. On

Vanessa Denai owned forty acres of land in rural Louisiana. On the property were a 1,600-square-foot house and a metal barn. Denai met Lance Finney, who had been seeking a small plot of rural property...

Q: Vern Shoepke bought a two-story home in Roche, Maine

Vern Shoepke bought a two-story home in Roche, Maine. The warranty deed did not specify what covenants would be included in the conveyance. The property was adjacent to a public park that included a p...

Q: In June 2015, Bernard Ramish set up a $48,

In June 2015, Bernard Ramish set up a $48,000 trust fund through West Plains Credit Union to provide tuition for his nephew, Nathan Covacek, to attend Tri-State Polytechnic Institute. The trust was es...

Q: A McDonald’s Happy Meal® consists of an entrée, a small

A McDonald’s Happy Meal® consists of an entrée, a small order of French fries, a small drink, and a toy. In the early 1990s, McDonald’s Corp. began to aim its Happy Meal marketing at children aged one...