Questions from Business Law

Q: Sam Sharpe executed and delivered to Don Dole the following instrument:

Sam Sharpe executed and delivered to Don Dole the following instrument: Knoxville, Tennessee May 29, 2015 Thirty days after date I promise to pay Don Dole or order Five Thousand Dollars. The holder of...

Q: Edwin sells a sofa to Jack for $800. Edwin and

Edwin sells a sofa to Jack for $800. Edwin and Jack both know that the sofa is in Edwin’s warehouse, located approximately ten miles from Jack’s home. The contract does not specify the place of delive...

Q: Henry and Wilma, an elderly immigrant couple, agreed to purchase

Henry and Wilma, an elderly immigrant couple, agreed to purchase from Harris a refrigerator with a fair market value of $450 for twenty-five monthly installments of $60 per month. Henry and Wilma now...

Q: Virginia induced Charles to sell Charles’s boat to Virginia by misrepresentation of

Virginia induced Charles to sell Charles’s boat to Virginia by misrepresentation of material fact on which Charles reasonably relied. Virginia promptly sold the boat to Donald, who paid fair value for...

Q: Amos orally agrees to hire Elizabeth for an eight-month trial

Amos orally agrees to hire Elizabeth for an eight-month trial period. Elizabeth performs the job magnificently, and after several weeks Amos orally offers Elizabeth a six-month extension at a salary i...

Q: Rose, a minor, bought a new Buick Riviera from Sheehan

Rose, a minor, bought a new Buick Riviera from Sheehan Buick. Seven months later, while still a minor, he attempted to disaffirm the purchase. Sheehan Buick refused to accept the return of the car or...

Q: Daniel, while under the influence of alcohol to the extent that

Daniel, while under the influence of alcohol to the extent that he did not know the nature and consequences of his acts, agreed to sell his 2013automobile to Belinda for $13,000. The next morning when...

Q: Consider the facts in problem 8 but assume that the price was

Consider the facts in problem 8 but assume that the price was $350. Assume further that Benson wishes to avoid the contract based on the allegation that Carl befriended and tricked him into the purcha...

Q: Anthony lends money to Frank, who dies without having repaid the

Anthony lends money to Frank, who dies without having repaid the loan. Frank’s widow, Carol, promises Anthony to repay the loan. Upon Carol’s refusal to pay the loan, Anthony brings suit against Carol...

Q: Marcus issues a negotiable promissory note payable to the order of Parish

Marcus issues a negotiable promissory note payable to the order of Parish for the amount of $3,000. Parish raises the amount to $13,000 and negotiates it to Hilda for $12,000. (a) If Hilda is a holder...