Questions from Business Law

Q: The practice of floating provides an opportunity to “borrow” interest

The practice of floating provides an opportunity to “borrow” interest-free by cashing a check for which there are inadequate funds on deposit. If the check writer makes a deposit to cover the check in...

Q: The innocent endorser of a forged instrument who negotiates commercial paper is

The innocent endorser of a forged instrument who negotiates commercial paper is liable. Is this fair?

Q: Should an endorsement written in pencil be legally acceptable? Why or

Should an endorsement written in pencil be legally acceptable? Why or why not?

Q: How do significant changes made in an instrument affect the rights of

How do significant changes made in an instrument affect the rights of the parties to it?

Q: Is it ethical for direct mail marketers to include a document that

Is it ethical for direct mail marketers to include a document that resembles a check made payable to the addressee, when closer examination reveals certain conditions such as “good only toward the pur...

Q: The transfer of real property is much more complex than the transfer

The transfer of real property is much more complex than the transfer of personal property. What could be done to simplify real property transactions?

Q: After Balkus died intestate, included among Balkus’s possessions were bank deposit

After Balkus died intestate, included among Balkus’s possessions were bank deposit slips for a savings account owned by him. On each deposit slip was a handwritten notation, “Payable to Ann Balkus Ves...

Q: Can a gift given causa mortis be assumed to be as freely

Can a gift given causa mortis be assumed to be as freely given as a gift given inter vivos? Why or why not?

Q: Various forms of multiple ownership of real property—such as joint

Various forms of multiple ownership of real property—such as joint tenancy, tenancy by the entirety, tenancy in common, and so on—have evolved from our English legal roots. Are these designations rele...

Q: A car left in a parking garage is damaged and the attendant

A car left in a parking garage is damaged and the attendant disclaims responsibility. While, in theory, the owner of the car (the bailor) would seem to have the law on his or her side, how can he or s...