Questions from Business Law

Q: Woodsmill Park Limited Partnership borrowed $6.2 million secured by

Woodsmill Park Limited Partnership borrowed $6.2 million secured by real property in Chicago, Illinois. Bill and Brian Bruce, and Matthew O’Malley, signed guaranties to meet Woodsmill’s obligation on...

Q: What purpose is served by the seizure and sale of property on

What purpose is served by the seizure and sale of property on the mortgagor’s default? Why notify the mortgagor of the foreclosure?

Q: Carmen Johnson operated CJ Lending as a so-called credit-

Carmen Johnson operated CJ Lending as a so-called credit-repair business. Real estate agent Edgar Tibakweitira paid Johnson to fabricate credit histories for certain individuals who had no such histor...

Q: What are some of the factors that might be considered in deciding

What are some of the factors that might be considered in deciding whether a debtor should be allowed to declare bankruptcy?

Q: Jevic Transportation Corporation filed a petition in a federal bankruptcy court for

Jevic Transportation Corporation filed a petition in a federal bankruptcy court for a Chapter 11 reorganization. A group of former Jevic truck drivers filed a suit and won a judgment against the firm...

Q: Should an insurance agent be held to a duty to advise applicants

Should an insurance agent be held to a duty to advise applicants about coverage? Why or why not?

Q: Bernd Moving Systems owned a warehouse in Yakima, Washington. American

Bernd Moving Systems owned a warehouse in Yakima, Washington. American Guarantee & Liability Insurance Company insured Bernd under a policy that included coverage of “Personal property of others in yo...

Q: Is it unethical to download a digital file without the owner’s permission

Is it unethical to download a digital file without the owner’s permission? Discus.

Q: Mansoor Akhtar lived rent-free in the basement of Anila Dairkee’s

Mansoor Akhtar lived rent-free in the basement of Anila Dairkee’s duplex in Minneapolis, Minnesota, for more than a year. When Dairkee asked Akhtar to move out, he refused. She then changed the locks...

Q: What standard of care over bailed property should be expected of bailees

What standard of care over bailed property should be expected of bailees?