Questions from Business Law

Q: Arthur and Diana Ebanks owned three properties in the Cayman Islands in

Arthur and Diana Ebanks owned three properties in the Cayman Islands in joint tenancy. With respect to joint tenancies, Cayman law is the same as U.S. law. When the Ebanks divorced, the decree did not...

Q: Leo and Mary Deters owned Deters Tower Service, Inc., in

Leo and Mary Deters owned Deters Tower Service, Inc., in Iowa. Deters Tower serviced television and radio towers and antennas in a multistate area. The firm obtained a commercial general liability pol...

Q: Sherman Hemsley was a well-known actor from the 1970s.

Sherman Hemsley was a well-known actor from the 1970s. Most notably, he played George Jefferson on the television shows All in the Family and The Jeffersons. He was born to Arsena Chisolm and William...

Q: American National Property and Casualty Co. issued an insurance policy to

American National Property and Casualty Co. issued an insurance policy to Robert Houston, insuring certain residential property and its contents against fire and other hazards. Twenty months later, Ho...

Q: Paul and Julie Leonard’s two-story home in Pascagoula, Mississippi

Paul and Julie Leonard’s two-story home in Pascagoula, Mississippi, is only twelve feet above sea level and fewer than two hundred yards from the Gulf of Mexico. In 1989, the Leonards bought a homeown...

Q: Janell Arden is a purchasing agent–employee for the A&

Janell Arden is a purchasing agent–employee for the A&B Coal Supply partnership. Arden has authority to purchase the coal needed by A&B to satisfy he needs of its customers. While Arden is leaving a c...

Q: Gilbert Church owned a horse breeding farm managed by Herb Bagley.

Gilbert Church owned a horse breeding farm managed by Herb Bagley. Advertisements for the breeding rights to one of Church Farm’s stallions, Imperial Guard, directed all inquiries to “Herb Bagley, Man...

Q: How might the new SEC pay-ratio disclosure rule help shareholders

How might the new SEC pay-ratio disclosure rule help shareholders?

Q: Professional Products, Inc. (PPI), bought three pallets of

Professional Products, Inc. (PPI), bought three pallets of computer wafers from Omneon Video Graphics. (A computer wafer is a thin, round slice of silicon from which microchips are made.) Omneon agree...

Q: Angie Jolson is the chair of the board of directors of Artel

Angie Jolson is the chair of the board of directors of Artel, Inc., and Sam Douglas is the chair of the board of directors of Fox Express, Inc. Jolson and Douglas meet to consider the possibility of c...