Questions from Business Law

Q: (a) William tells Carol that he paid $150,

(a) William tells Carol that he paid $150,000 for his farm in 2008, and that he believes it is worth twice that at the present time. Relying upon these statements, Carol buys the farm from William for...

Q: Conrad Schaneman was a Russian immigrant who could neitherread nor write the

Conrad Schaneman was a Russian immigrant who could neitherread nor write the English language. In 2011, Conrad deeded (conveyed) a farm he owned to his eldest son, Laurence, for $23,500, which was the...

Q: At the time of her death, Olga Mestrovic was the owner

At the time of her death, Olga Mestrovic was the owner of a large number of works of art created by her late husband, Ivan Mestrovic, an internationally known sculptor and artist whose works were disp...

Q: Horne executed a $100,000 note in favor of R

Horne executed a $100,000 note in favor of R. C. Clark. On the back of the instrument was a restriction stating that the note could not be transferred, pledged, or otherwise assigned without Horne’s w...

Q: Frank Berryessa stole funds from his employer, the Eccles Hotel Company

Frank Berryessa stole funds from his employer, the Eccles Hotel Company. His father, W. S. Berryessa (Berryessa), learned of his son's trouble and, thinking the amount involved was about $2,000, gave...

Q: Ronald D. Johnson is a former employee of International Business Machines

Ronald D. Johnson is a former employee of International Business Machines Corporation (IBM). As part of a downsizing effort, IBM discharged Johnson. In exchange for an enhanced severance package, John...

Q: Etta Mae Paulson died on January 31, 2014, leaving four

Etta Mae Paulson died on January 31, 2014, leaving four children: Ken, Donald, Barbara, and Larry. She had purchased a home in Rainier in 2009, for $21,300. At that time, she had a will that she had e...

Q: On September 1, Adams in Portland, Oregon, wrote a

On September 1, Adams in Portland, Oregon, wrote a letter to Brown in New York City, offering to sell to Brown one thousand tons of chromite at $48 per ton, to be shipped by S.S. Malabar sailing from...

Q: Adler owes Perreault, a police captain, $500. Adler

Adler owes Perreault, a police captain, $500. Adler threatens that unless Perreault discharges him from the debt, Adler will disclose the fact that Perreault has on several occasions become highly int...

Q: Harris owned a farm that was worth about $600 per acre

Harris owned a farm that was worth about $600 per acre. By false representations of fact, Harris induced Pringle to buy the farm at $1,500 per acre. Shortly after taking possession of the farm, Pringl...