Questions from Business Law

Q: 1. In 1944, W. E. Collins conveyed land

1. In 1944, W. E. Collins conveyed land to the Church of God of Prophecy. The deed said: “This deed is made with the full understanding that should the property fail to be used for the Church of God,...

Q: 1. During her second year at the Juilliard School of Music

1. During her second year at the Juilliard School of Music in New York City, Ann Rylands had a chance to borrow for one month a rare Guadagnini violin, made in 1768. She returned the violin to the own...

Q: 1.Lance, an Internet hacker, stole 15,000

1.Lance, an Internet hacker, stole 15,000 credit card numbers and sold them on the black market, making millions. Police caught Lance, and two legal actions followed, one civil and one criminal. Who w...

Q: Collateral may change categories depending on its holder and how it is

Collateral may change categories depending on its holder and how it is being used at the time of default. Classify a refrigerator in the following circumstances: A. When sold by an appliance store; B....

Q: The Dannemans bought a Kodak copier worth over $40,000

The Dannemans bought a Kodak copier worth over $40,000. Kodak arranged financing by GECC and assigned its rights to that company. Although the Dannemans thought they had purchased the copier on credit...

Q: After a federal judge refused to dismiss criminal charges against him,

After a federal judge refused to dismiss criminal charges against him, Michael Reed took revenge by electronically filing a UCC financing statement listing the judge, the prosecuting attorney, and for...

Q: 1. Rebecca, in Honolulu, faxes a job offer to

1. Rebecca, in Honolulu, faxes a job offer to Spike, in Pittsburgh, saying, “We can pay you $55,000 per year, starting June 1.” Spike faxes a reply, saying, “Thank you! I accept your generous offer, t...

Q: 1. For consideration to exist, there must be:

1. For consideration to exist, there must be: A. A bargained-for exchange B. A manifestation of mutual assent C. Genuineness of assent D. Substantially equal economic benefits to both parties 2. Whic...

Q: Kevin was the manager of a radio station, WABC. A

Kevin was the manager of a radio station, WABC. A competing station lured him away. In his last month on the job at WABC, he notified two key on-air personalities that if they were to leave the statio...

Q: 1. Greenville College, a public community college, has a

1. Greenville College, a public community college, has a policy of admitting only male students. If the policy is challenged under the 14th Amendment, ___ scrutiny will be applied. A. strict B. interm...