Questions from Business Law

Q: All America Export-Import Corp. (All America) placed

All America Export-Import Corp. (All America) placed an order for several thousand pounds of yarn with A. M. Knitwear (Knitwear). On June 4, All America sent Knitwear a purchase order. The purchase or...

Q: The Jacob Hartz Seed Company, Inc. (Hartz), bought

The Jacob Hartz Seed Company, Inc. (Hartz), bought soybeans for use as seed from E. R. Coleman. Coleman certified that the seed had an 80 percent germination rate. Hartz paid for the beans and picked...

Q: Connie R. Grady purchased a new Chevrolet Chevette from Al Thompson

Connie R. Grady purchased a new Chevrolet Chevette from Al Thompson Chevrolet (Thompson). Grady gave Thompson a down payment on the car and financed the remainder of the purchase price through General...

Q: Dr. and Mrs. Sedmak (Sedmaks) were collectors of

Dr. and Mrs. Sedmak (Sedmaks) were collectors of Chevrolet Corvettes. The Sedmaks saw an article in Vette Vues magazine concerning a new limited-edition Corvette. The limited edition was designed to c...

Q: Kent Nowlin Construction, Inc. (Nowlin), was awarded a

Kent Nowlin Construction, Inc. (Nowlin), was awarded a contract by the state of New Mexico to pave a number of roads. After Nowlin was awarded the contract, it entered into an agreement with Concrete...

Q: W. Hayes Daughtrey consulted Sidney Ashe, a jeweler, about

W. Hayes Daughtrey consulted Sidney Ashe, a jeweler, about the purchase of a diamond bracelet as a Christmas present for his wife. Ashe showed Daughtrey a diamond bracelet that he had for sale for $15...

Q: Joseph Mitsch purchased a used Chevrolet Yukon SUV vehicle from Rockenbach Chevrolet

Joseph Mitsch purchased a used Chevrolet Yukon SUV vehicle from Rockenbach Chevrolet. The Yukon was manufactured by General Motors Corporation (GMC) and had been driven over 36,000 miles. The purchase...

Q: William H. Bailey, MD, executed a note payable to

William H. Bailey, MD, executed a note payable to California Dreamstreet, a joint venture that solicited investments for a cattle breeding operation. Bailey’s promissory note read, “Dr. William H. Bai...

Q: Martha M. Carr suffered from schizophrenia and depression. Schizophrenia is

Martha M. Carr suffered from schizophrenia and depression. Schizophrenia is a psychotic disorder that is characterized by disturbances in perception, inferential thinking, delusions, hallucinations, a...

Q: Mr. Higgins operated a used car dealership in the state of

Mr. Higgins operated a used car dealership in the state of Alabama. Higgins purchased a Chevrolet Corvette. He paid for the car with a draft on his account at the First State Bank of Albertville. Soon...