Questions from Business Law

Q: The defendant, Sterile Technologies, Inc., purchased a sterilizer from

The defendant, Sterile Technologies, Inc., purchased a sterilizer from the plaintiff, Troy Boiler Works, on an installment payment plan. The defendant was to make installment payments charged with 1.5...

Q: Explain what the good-faith and commercial reasonableness obligations are.

Explain what the good-faith and commercial reasonableness obligations are.

Q: Does possible misuse constitute a waiver of the implied warranties? Consider

Does possible misuse constitute a waiver of the implied warranties? Consider the case of a lessee of a car who after 18 months found the car was running roughly. When taking the car back to the dealer...

Q: Rockland Industries agreed to purchase three containers of antimony oxide at $

Rockland Industries agreed to purchase three containers of antimony oxide at $1.80 per pound from Manley-Regan Chemicals. Rockland produces drapes, and antimony oxide is used to fi reproof the drapes....

Q: Wachovia, a bank, made a loan in 2003 to McNamee

Wachovia, a bank, made a loan in 2003 to McNamee for $150,000, and he signed a promissory note for the loan. At some point, Wachovia misplaced, lost, or destroyed the original note. The note matured i...

Q: Explain the reason for the following policy: A customer has a

Explain the reason for the following policy: A customer has a duty to examine her or his bank statement.

Q: Evaluate the following statement: “If a signature on a check

Evaluate the following statement: “If a signature on a check is forged, the customer will never be responsible for the amount on the check.”

Q: Robert Carter, an employee of National Accident Insurance, intercepted insurance

Robert Carter, an employee of National Accident Insurance, intercepted insurance premium checks totaling more than $10 million that customers made payable to the insurance agency. Carter then altered...

Q: Morales, a native and citizen of Mexico, was arrested in

Morales, a native and citizen of Mexico, was arrested in 1994 for entering the United States without inspection. He was released and served with a mail-out order to show cause why he should not be sen...

Q: Donald Lynch purchased a check from Allied Irish Bank (AIB)

Donald Lynch purchased a check from Allied Irish Bank (AIB) in Ireland. The check was made payable to Advance Marketing and Investment Inc. (AMI) in the amount of U.S. $250.00, which was handwritten a...