Questions from Business Law

Q: The buyer contracted with the seller for the purchase of ribs.

The buyer contracted with the seller for the purchase of ribs. After delivery, the buyer refused to pay the contract price, claiming that the ribs arrived in an off condition. The seller filed suit fo...

Q: Are there limits to the right to cure? Does a breaching

Are there limits to the right to cure? Does a breaching party have the right to cure the breach, or can the nonbreaching party proceed directly to a damage claim?

Q: Landrum sold Gappelberg a big-screen television. The television had

Landrum sold Gappelberg a big-screen television. The television had many defects, some of which Landrum and his service representatives fixed. Three weeks after the sale, the television stopped workin...

Q: Entertainment Network, Inc. (ENI), a business that provided

Entertainment Network, Inc. (ENI), a business that provided news, entertainment, and information via the Internet, sued government officials who prohibited the company from filming the execution of Ok...

Q: Grimberg sold a famous painting to Cohen for $785,000

Grimberg sold a famous painting to Cohen for $785,000. Possession of the painting passed to Cohen but payment was never made. Despite various and sundry attempts to resolve the issue, Grimberg never r...

Q: A restaurant called The Inn Between entered into a contract to purchase

A restaurant called The Inn Between entered into a contract to purchase a used restaurant computer system. The contract included installation and training from Remanco Metropolitan, Inc. The contract...

Q: Shipping terms play an important role in determining when title, risk

Shipping terms play an important role in determining when title, risk of loss, and insurable interest pass from seller to buyer. What is the significance of such terms as CIF and FAS in determining su...

Q: Explain the reason behind the need for negotiable instruments.

Explain the reason behind the need for negotiable instruments.

Q: Are negotiable instruments more similar to money or contracts? Explain.

Are negotiable instruments more similar to money or contracts? Explain.

Q: Identify and define each of the elements of negotiability.

Identify and define each of the elements of negotiability.