Questions from Business Law

Q: Raymond Zukaitis was a physician practicing medicine in Douglas County, Nebraska

Raymond Zukaitis was a physician practicing medicine in Douglas County, Nebraska. Aetna issued a policy of professional liability insurance to Zukaitis through its agent, the Ed Larsen Insurance Agenc...

Q: Teledyne Industries, Inc., entered into a contract with Teradyne,

Teledyne Industries, Inc., entered into a contract with Teradyne, Inc., to purchase a T-347A transistor test system for the list and fair market price of $98,400 less a discount of $984. After the sys...

Q: Paula instructed Alvin, her agent, to purchase a quantity of

Paula instructed Alvin, her agent, to purchase a quantity of hides. Alvin ordered the hides from Ted in his own (Alvin’s) name and delivered the hides to Paula. Ted, learning later that Paula was the...

Q: Stan sold goods to Bill in good faith, believing him to

Stan sold goods to Bill in good faith, believing him to be a principal. Bill in fact was acting as agent for Nancy and within the scope of his authority. The goods were charged to Bill, and, on his re...

Q: Green Grocery Company employed Jones as its manager and gave her authority

Green Grocery Company employed Jones as its manager and gave her authority to purchase supplies and goods for resale. Jones had conducted business for several years with Brown Distributing Company, al...

Q: Stone was the agent authorized to sell stock of the Turner Company

Stone was the agent authorized to sell stock of the Turner Company at $10 per share and was authorized in case of sale to fill in the blanks in the certificates with the name of the purchaser, the num...

Q: Helper, a delivery boy for Gunn, delivered two heavy packages

Helper, a delivery boy for Gunn, delivered two heavy packages of groceries to Reed’s porch. As instructed by Gunn, Helper rang the bell to let Reed know the groceries had arrived. Mrs. Reed came to th...

Q: Driver picked up Friend to accompany him on an out-of

Driver picked up Friend to accompany him on an out-of-town delivery for his employer, Speedy Service. A “No Riders” sign was prominently displayed on the windshield of the truck, and Driver violated s...

Q: Cook’s Department Store advertises that it maintains a barber shop in its

Cook’s Department Store advertises that it maintains a barber shop in its store and that the shop is managed by Hunter, a Cook’s employee. Actually, Hunter is not an employee of the store but merely r...

Q: The following contract was executed on August 22: Ray agrees

The following contract was executed on August 22: Ray agrees to sell and Shaw, the representative of Todd and acting on his behalf, agrees to buy 10,000 pounds of 0.32 × 15/8 stainless steel strip typ...