Questions from Business Law

Q: Laredo found a checkbook belonging to Waldron, drew a check,

Laredo found a checkbook belonging to Waldron, drew a check, signed Waldron’s name to it, and gave it to Kelly. The payee, Kelly, endorsed the check to a holder in due course, who presented it to the...

Q: Church accepted a three-year-old check that Field endorsed

Church accepted a three-year-old check that Field endorsed to her. When Church presented the check for payment, the bank refused to honor it and informed Church that the account had been closed for a...

Q: Distinguish between real and personal property and indicate which is subject to

Distinguish between real and personal property and indicate which is subject to the law of sales.

Q: Roche and Hecht owned a boat, which they used for weekend

Roche and Hecht owned a boat, which they used for weekend fishing trips. Because both were married and had children, they set up their agreement to own the boat in such a way that if either one died,...

Q: Weber, a customer at a restaurant owned by Hegler, found

Weber, a customer at a restaurant owned by Hegler, found a wallet on the floor under the table. It contained money but no identification. In an attempt to return it to its rightful owner, she gave it...

Q: Prior to their marriage, LeRoi and her husband, Pillsbury,

Prior to their marriage, LeRoi and her husband, Pillsbury, each held substantial assets. During their marriage, they jointly purchased a home with the income they earned, and LeRoi inherited a substan...

Q: Noguchi and his wife purchased a newly built house that had no

Noguchi and his wife purchased a newly built house that had no lawn or any other landscaping. Over several years, they spent many weekends landscaping with expensive and exotic shrubbery and trees. Th...

Q: Ky operated a service station on a road near the Canadian border

Ky operated a service station on a road near the Canadian border. As a favor to customers, he frequently stored, without charge, certain items that travelers preferred not to take into Canada. Rowan h...

Q: Ziess, a college student, owned some furniture, a portable

Ziess, a college student, owned some furniture, a portable TV, and a small refrigerator. At the end of the spring semester, she arranged to store her property in a storage room in her dorm building pr...

Q: Kenworth took his very expensive watch to Gervey Jewelry for repairs and

Kenworth took his very expensive watch to Gervey Jewelry for repairs and cleaning. During the week in which the watch remained with the jeweler, it was placed in the store’s vault each night. One nigh...