Questions from Business Law

Q: While Butler and his wife, Wanda, were browsing through Sloan’s

While Butler and his wife, Wanda, were browsing through Sloan’s used car lot, Butler told Sloan that he was looking for a safe but cheap family car. Sloan said, “That old Cadillac hearse ain’t hurt at...

Q: Jonnel Enterprises, Inc., contracted to construct a student dormitory at

Jonnel Enterprises, Inc., contracted to construct a student dormitory at Clarion State College. On May 6, Jonnel entered into a written agreement with Graham and Long as electrical contractors to perf...

Q: The Department of Energy (DOE) issued a subpoena requesting information

The Department of Energy (DOE) issued a subpoena requesting information regarding purchases, sales, exchanges, and other transactions in crude oil from Phoenix Petroleum Company (Phoenix). The aim of...

Q: Smith, Jones, and Brown were creditors of White, who

Smith, Jones, and Brown were creditors of White, who operated a grain elevator known as White’s Elevator. Heavily in debt, White was about to fail when the three creditors agreed to take title to his...

Q: Clark, who owned a vacant lot, and Bird, who

Clark, who owned a vacant lot, and Bird, who was engaged in building houses, entered into an oral agreement by which Bird was to erect a house on the lot. Upon the sale of the house and lot, Bird was...

Q: Grant, Arthur, and David formed a partnership for the purpose

Grant, Arthur, and David formed a partnership for the purpose of betting on boxing matches. Grant and Arthur would become friendly with various boxers and offer them bribes to lose certain bouts. Davi...

Q: The Pyro Corporation has outstanding 20,000 shares of common stock

The Pyro Corporation has outstanding 20,000 shares of common stock, of which 19,000 are owned by Peter B. Arson; 500 shares are owned by Elizabeth Arson, his wife; and 500 shares are owned by Joseph Q...

Q: A corporation is formed for the purpose of manufacturing, buying,

A corporation is formed for the purpose of manufacturing, buying, selling, and dealing in drugs, chemicals, and similar products. The corporation, under authority of its board of directors, contracted...

Q: Smith, while in the course of his employment with the Bee

Smith, while in the course of his employment with the Bee Corporation, negligently ran the company’s truck into Williams, injuring him severely. Subsequently, the Bee Corporation and the Sea Corporati...

Q: Ryan Corporation manufactures and sells a variety of household cleaning products in

Ryan Corporation manufactures and sells a variety of household cleaning products in interstate commerce. On national television, Ryan falsely advertises that its laundry liquid is biodegradable. Has R...