Questions from Business Law

Q: Kenneth West agreed to sell his car, a 1975 Corvette,

Kenneth West agreed to sell his car, a 1975 Corvette, to a man representing himself as Robert Wilson. In exchange for a cashier’s check, West signed over the Corvette’s title to Wilson and gave him th...

Q: John Warren wanted to buy a condominium in California. Hildegard Merrill

John Warren wanted to buy a condominium in California. Hildegard Merrill was the agent for the seller. Because Warren’s credit rating was poor, Merrill told him he needed a co-borrower to obtain a mor...

Q: Go to Case Analysis 21.1, BMW Group, LLC

Go to Case Analysis 21.1, BMW Group, LLC v. Castle Oil Corp. Read the excerpt and answer the following questions. (a) Issue: What goods are at the center of this case? Why? (b) Rule of Law: What does...

Q: Mark Denton cosigned a $101,250 loan issued by the

Mark Denton cosigned a $101,250 loan issued by the First Interstate Bank (FIB) in Missoula, Montana, to Denton’s friend Eric Anderson. Denton’s business assets—a mini-warehouse operation—secured the l...

Q: In November 2000, Monay Jones signed a promissory note in favor

In November 2000, Monay Jones signed a promissory note in favor of a mortgage company in the amount of $261,250. Jones used the deed to her home in Denver, Colorado, as collateral. Fifth Third Bank so...

Q: Denise and Nick Purificato signed a note secured by real property in

Denise and Nick Purificato signed a note secured by real property in Florida. The note was transferred through several parties to Aurora Loan Services, LLC. The Purificatos defaulted on the payments....

Q: Videotape is recorded magnetically. The magnetic particles that constitute the recorded

Videotape is recorded magnetically. The magnetic particles that constitute the recorded image are bound to the tape’s polyester base. The binder that holds the particles to the base breaks down over t...

Q: In December 1999, Space makers of America, Inc., hired

In December 1999, Space makers of America, Inc., hired Jenny Triplett as a bookkeeper. Triplett was responsible for maintaining the company checkbook and reconciling it with the monthly statements fro...

Q: Peter and Tanya Rothing operated Diamond R Stables near Belgrade, Montana

Peter and Tanya Rothing operated Diamond R Stables near Belgrade, Montana, where they bred, trained, and sold horses. Arnold Kallestad owned a ranch in Gallatin County, Montana, where he grew hay and...

Q: Go to Case Analysis Case 27.2, Mills v.

Go to Case Analysis Case 27.2, Mills v. Chauvin. Read the excerpt and answer the following questions. (a) Issue: What document was at the center of the dispute in this case? (b) Rule of Law: What are...