Questions from Business Law

Q: Thomas Clements brought an action in a court in Illinois to recover

Thomas Clements brought an action in a court in Illinois to recover damages for breach of warranty against defendant, Signa Corporation. (A warranty is an obligation that the seller of goods assumes w...

Q: Vette sued Aetna under a fire insurance policy. Aetna moved for

Vette sued Aetna under a fire insurance policy. Aetna moved for summary judgment on the basis that the pleadings and discovered evidence showed a lack of an insurable interest in Vette. An “insurable...

Q: Mark Womer and Brian Perry were members of the U.S

Mark Womer and Brian Perry were members of the U.S. Navy and were stationed in Newport, Rhode Island. On April 10, Womer allowed Perry to borrow his automobile so that Perry could visit his family in...

Q: You have an employee who has a chemical imbalance in the brain

You have an employee who has a chemical imbalance in the brain that causes him to be severely unstable. The medication that is available to deal with this schizophrenic condition is extremely powerful...

Q: You have a very shy employee from another country. After a

You have a very shy employee from another country. After a time, you notice that the quality of her performance is deteriorating rapidly. You find an appropriate time to speak with her and determine t...

Q: You receive a telephone call from a company that you never do

You receive a telephone call from a company that you never do business with requesting a reference on one of your employees, Mary Sunshine. You believe that Mary is generally incompetent and would be...

Q: You have just received a report suggesting that a chemical your company

You have just received a report suggesting that a chemical your company uses in its manufacturing process is very dangerous. You have not read the report, but you are generally aware of its contents....

Q: You and Joe Jones, your neighbor and friend, bought lottery

You and Joe Jones, your neighbor and friend, bought lottery tickets at the corner drugstore. While watching the lottery drawing on television with you that night, Joe leaped from the couch, waved his...

Q: Lee Oldsmobile sells Rolls-Royce automobiles. Mrs. Kaiden sent

Lee Oldsmobile sells Rolls-Royce automobiles. Mrs. Kaiden sent Lee a $25,000 deposit on a 2005 Rolls-Royce with a purchase price of $145,500. Although Lee informed Mrs. Kaiden that the car would be de...

Q: Omega, Inc., a publicly held corporation, has assets of

Omega, Inc., a publicly held corporation, has assets of $100 million and annual earnings in the range of $13–$15 million. Omega owns three aluminum plants, which are profitable, and one plastics plant...