Questions from Business Law

Q: The town of Sanford, Maine, decided to auction off a

The town of Sanford, Maine, decided to auction off a lot it owned. The town advertised that it would accept bids through the mail, up to a specified date. Arthur and Arline Chevalier mailed in a bid t...

Q: Arthur Andersen audited Enron Corporation’s financial statements. When Enron’s financial and

Arthur Andersen audited Enron Corporation’s financial statements. When Enron’s financial and accounting problems began to surface at the beginning of August, a senior accountant at Enron told two Ande...

Q: Robert D. Potts was a partner at Deloitte & Touche.

Robert D. Potts was a partner at Deloitte & Touche. He served as the concurring partner for audits of Kahler Corp. Kahler owned the University Park hotel, which it listed in its financial statements a...

Q: A court in Nevada entered an award in favor of Mark and

A court in Nevada entered an award in favor of Mark and Janet Brandell for $435,066.82 against United Productions, Inc. (UP) and Harry R. Jones. When UP and Jones failed to pay the judgment, the court...

Q: Christina Blasco entered into a “payday loan” with Money Services

Christina Blasco entered into a “payday loan” with Money Services Center (MSC). MSC loaned Blasco $500 and return Blasco left MSC with a signed check for $587.50 which it promised not to cash for two...

Q: Brican LLC was running a scam. The victims were dentists who

Brican LLC was running a scam. The victims were dentists who wanted to lease multimedia systems (called Exhibeos”) for use in their waiting rooms. Each Exhibeo consisted of a computer and a television...

Q: Stratford Skalkos was a manager at Avon Products. He issued Avon

Stratford Skalkos was a manager at Avon Products. He issued Avon checks to pay his personal debts. So that no one in the company would know what he was doing, he disguised the name of the payees. For...

Q: Maude Rosenbaum wanted to post bail to get out of prison.

Maude Rosenbaum wanted to post bail to get out of prison. Harvey Bowen agreed to post bail of $7,500 in return for a $7,500 promissory note signed by Rosenbaum and secured by her house. Bowen was not...

Q: Creative Ventures, LLC (Creative) borrowed nearly $3 million

Creative Ventures, LLC (Creative) borrowed nearly $3 million from defendant Jim Ward & Associates (JWA) to buy property in California. Creative signed promissory notes, payable to JWA. Thereafter, JWA...

Q: Steven Vlohotis was a salesman for NESCOR, a home improvement company

Steven Vlohotis was a salesman for NESCOR, a home improvement company. He convinced the Antunas to sign a consumer credit contract with NESCOR to install vinyl siding and windows. The contract provide...