Questions from Business Law


Q: On May 7, Roy, a minor, a resident of

On May 7, Roy, a minor, a resident of Smithton, purchased an automobile from Royal Motors, Inc., for $12,750 in cash. On the same day, he bought a motor scooter from Marks, also a minor, for $1,750 an...

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Q: On October 1, George Jones entered into a contract with Johnson

On October 1, George Jones entered into a contract with Johnson Motor Company, a dealer in automobiles, to buy a used car for $10,600. He paid $1,100 down and, under the agreement, was to make monthly...

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Q: Rebecca entered into a written contract to sell certain real estate to

Rebecca entered into a written contract to sell certain real estate to Mary, a minor, for $80,000, payable $4,000 on the execution of the contract and $800 on the first day of each month thereafter un...

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Q: Anita sold and delivered an automobile to Marvin, a minor.

Anita sold and delivered an automobile to Marvin, a minor. Marvin, during his minority, returned the automobile to Anita, saying that he disaffirmed the sale. Anita accepted the automobile and said sh...

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Q: Ira, who in 2012 had been found not guilty of a

Ira, who in 2012 had been found not guilty of a criminal offense because of insanity, was released from a hospital for the criminally insane during the summer of 2013 and since that time has been a re...

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Q: Johnson and Wilson were the principal shareholders in Matthew Corporation, located

Johnson and Wilson were the principal shareholders in Matthew Corporation, located in the city of Jonesville, Wisconsin. This corporation was engaged in the business of manufacturing paper novelties,...

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Q: Adrian rents a bicycle from Barbara. The bicycle rental contract Adrian

Adrian rents a bicycle from Barbara. The bicycle rental contract Adrian signed provides that Barbara is not liable for any injury to the renter caused by any defect in the bicycle or the negligence of...

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Q: Emily was a Java programmer employed with Sun Microsystems in Palo Alto

Emily was a Java programmer employed with Sun Microsystems in Palo Alto, California. Upon beginning employment, Emily signed a contract which included a noncompetition clause that prevented her from t...

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Q: Certain partners of the Finley Kumble law firm signed promissory notes that

Certain partners of the Finley Kumble law firm signed promissory notes that secured loans made to the law firm by the National Bank of Washington (NBW). When Finley Kumble subsequently declared bankru...

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Q: Merrill Lynch employed Post and Maney as account executives. Both men

Merrill Lynch employed Post and Maney as account executives. Both men elected to be paid a salary and to participate in the firm’s pension and profit-sharing plans rather than take a straight commissi...

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