Questions from Business Law

Q: What are the similarities and differences between transfer and presentment warranties?

What are the similarities and differences between transfer and presentment warranties?

Q: In this bankruptcy case, the court had to determine whether an

In this bankruptcy case, the court had to determine whether an LLC should have been considered a purchaser of instruments or a holder in due course under the UCC. Yale, the company that purchased the...

Q: Daniel DeMarais is the former chief financial officer (CFO) of

Daniel DeMarais is the former chief financial officer (CFO) of Apex IT. Through a Minnesota Department of Revenue investigation, it came to light that DeMarais had embezzled well over $400,000 from th...

Q: In this strange case, Albertson has already been convicted of passing

In this strange case, Albertson has already been convicted of passing checks that were ultimately dishonored because of insufficient funds in Albertson’s checking account. Both Albertson and a witness...

Q: Michelle Campbell worked for Luiz Simmons as his secretary. After Campbell

Michelle Campbell worked for Luiz Simmons as his secretary. After Campbell was hired, she formed an acquaintanceship with Simmons’s outside bookkeeper, Denise Evans. Campbell began to forge Simmons’s...

Q: Explain the differences between trial courts and appellate courts.

Explain the differences between trial courts and appellate courts.

Q: Under what circumstances would Chapter 11 be used rather than Chapter 7

Under what circumstances would Chapter 11 be used rather than Chapter 7?

Q: On April 27, 1992, Darro and Tracy Long purchased a

On April 27, 1992, Darro and Tracy Long purchased a 1980 Ford Escort for $2,795 from Auto Credit, Inc. They made a cash down payment of $300 and financed the balance of the purchase price. The terms o...

Q: Ford Motor Credit Corporation (FMCC) hired Traciers & Associates (

Ford Motor Credit Corporation (FMCC) hired Traciers & Associates (Traciers) to repossess a white 2002 Ford Expedition owned by Marissa Chapa, who was in default on the associated promissory note. Trac...

Q: Gergely, an obstetrician, performed an amniocentesis on Jordan Lee-

Gergely, an obstetrician, performed an amniocentesis on Jordan Lee-Brenner’s mother during her pregnancy. As a result of problems with the procedure, Jordan Lee-Brenner was blinded in one eye. After h...