Questions from Business Law


Q: Testator gives property to Timothy in trust for Barney’s benefit, providing

Testator gives property to Timothy in trust for Barney’s benefit, providing that Barney cannot assign or pledge future trust income. Barney borrows money from Linda, assigning his future income under...

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Q: Fred Lyon of New York, while on vacation in California,

Fred Lyon of New York, while on vacation in California, rented a new model Home Run automobile from Hart’s Drive-A-Car. The car was manufactured by the Ange Motor Company and was purchased by Hart’s f...

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Q: The plaintiff brings this cause of action against a manufacturer for the

The plaintiff brings this cause of action against a manufacturer for the loss of his leg below the hip. The leg was lost when caught in the gears of a screw auger machine sold and installed by the def...

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Q: The plaintiff, while driving a pickup manufactured by the defendant,

The plaintiff, while driving a pickup manufactured by the defendant, was struck in the rear by another motor vehicle. Upon impact, the plaintiff’s head was jarred backward against the rear window of t...

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Q: Stein, a mechanic, and Beal, a life insurance agent

Stein, a mechanic, and Beal, a life insurance agent, entered into a written contract for the sale of Stein’s tractor to Beal for $6,800 cash. It was agreed that Stein would tune the motor on the tract...

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Q: Justin told Jennifer he wished to buy Jennifer’s collection of antique watches

Justin told Jennifer he wished to buy Jennifer’s collection of antique watches. He told Jennifer he wanted to take the watches to his partner for evaluation. Justin then left with the watches and neve...

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Q: On February 7, Pillsbury purchased eight thousand bushels of wheat from

On February 7, Pillsbury purchased eight thousand bushels of wheat from Landis. The wheat was being stored at the Greensville Grain Company. Pillsbury also intended to store the wheat with Greensville...

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Q: Johnson, who owns a hardware store, was indebted to Hutchinson

Johnson, who owns a hardware store, was indebted to Hutchinson, one of his suppliers. Johnson sold his business to Lockhart, one of Johnson’s previous competitors. Lockhart combined the inventory from...

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Q: A seller had manufactured forty thousand pounds of plastic resin pellets especially

A seller had manufactured forty thousand pounds of plastic resin pellets especially for a buyer, who agreed to accept them at the rate of one thousand pounds per day upon his issuance of shipping inst...

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Q: On December 2, 2015, Miles executed and delivered to Proctor

On December 2, 2015, Miles executed and delivered to Proctor a negotiable promissory note for $1,000, payable to Proctor or order due March 2, 2016, with interest at 14 percent from maturity, in parti...

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