Questions from Business Law

Q: Vianna Stibal owns and operates the ThetaHealing Institute of Knowledge (THIK

Vianna Stibal owns and operates the ThetaHealing Institute of Knowledge (THIK) in Idaho Falls, Idaho. ThetaHealing is Stibal’s “self-discovered” healing method. To induce people to take THIK classes,...

Q: Madeline Castellotti was the sole shareholder of Whole Pies, Inc.,

Madeline Castellotti was the sole shareholder of Whole Pies, Inc., which owns John’s Pizzeria in New York City. Her other assets included an interest in a real estate partnership, a residence on State...

Q: When Steven Simkin divorced Laura Blank, they agreed to split their

When Steven Simkin divorced Laura Blank, they agreed to split their assets equally. At the time, they owned an account with Bernard L. Madoff Investment Securities estimated to be worth $5.4 million....

Q: Randy Jones is an agent for Farmers Insurance Company of Arizona.

Randy Jones is an agent for Farmers Insurance Company of Arizona. Through Jones, Robert and Marcia Murray obtained auto insurance with Farmers. On Jones’s advice, the Murrays increased the policy’s li...

Q: David Desgro hired Paul Pack to inspect a house that Desgro wanted

David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a contract that included a twelve-month limit for claims based on the agreement. Pack reported that the...

Q: H&J Ditching & Excavating, Inc., was hired by

H&J Ditching & Excavating, Inc., was hired by JRSF, LLC, to perform excavating and grading work on a residential construction project in Tennessee. Cornerstone Community Bank financed the project with...

Q: Russ Wyant owned Humble Ranch in South Dakota. Edward Humble was

Russ Wyant owned Humble Ranch in South Dakota. Edward Humble was Wyant’s uncle and held a two-year option to buy the ranch from Wyant. The option included specific conditions. Once it was exercised, f...

Q: New England Precision Grinding, Inc. (NEPG), sells parts

New England Precision Grinding, Inc. (NEPG), sells parts for medical equipment in Massachusetts. NEPG agreed to supply Kyphon, Inc., with probes and nozzles. NEPG contracted with Simply Surgical, LLC,...

Q: What does “equal protection” mean?

What does “equal protection” mean?

Q: Kendall Gardner agreed to buy from James Bowen and Richard Cagle—

Kendall Gardner agreed to buy from James Bowen and Richard Cagle—doing business as B&C Shavings—a specially built shaving mill to produce wood shavings for poultry processors. B&C sent an invoice to G...