Questions from Business Law

Q: On May 1, Jennings, a car dealer, e-

On May 1, Jennings, a car dealer, e-mails Wheeler and says, “I have a 1955 Thunderbird convertible in mint condition that I will sell you for $13,500 at any time before June 9. [Signed] Peter Jennings...

Q: In which of the following situations would specific performance be an appropriate

In which of the following situations would specific performance be an appropriate remedy? Discuss fully. (a) Thompson contracts to sell her house and lot to Cousteau. Then, on finding another buyer wi...

Q: Mackey orders from Pride one thousand cases of Greenie brand peas from

Mackey orders from Pride one thousand cases of Greenie brand peas from lot A at list price to be shipped F.O.B. Pride’s city via Fast Freight Lines. Pride receives the order and immediately sends Mack...

Q: On May 1, Sikora goes into Carson’s retail clothing store to

On May 1, Sikora goes into Carson’s retail clothing store to purchase a suit. Sikora finds a suit he likes for $190 and buys it. The suit needs alterations. Sikora is to pick up the altered suit at Ca...

Q: Paul Gett is a well-known, wealthy financial expert living

Paul Gett is a well-known, wealthy financial expert living in the city of Torris. Adam Wade, Gett’s friend, tells Timothy Brown that he is Gett’s agent for the purchase of rare coins. Wade even shows...

Q: Sabrina Runyan writes the following note on a sheet of paper:

Sabrina Runyan writes the following note on a sheet of paper: “I, the undersigned, do hereby acknowledge that I owe Leo Woo one thousand dollars, with interest, payable out of the proceeds of the sale...

Q: Jorge contracts with Larry of Midwest Roofing to fix Jorge’s roof.

Jorge contracts with Larry of Midwest Roofing to fix Jorge’s roof. Jorge pays half of the contract price in advance. Larry and Midwest complete the job, but Jorge refuses to pay the rest of the price....

Q: Juan Sanchez writes the following note on the back of an envelope

Juan Sanchez writes the following note on the back of an envelope: “I, Juan Sanchez, promise to pay Kathy Martin or bearer $500 on demand.” Is this a negotiable instrument? Discuss fully.

Q: A college student, Austin Keynes, wished to purchase a new

A college student, Austin Keynes, wished to purchase a new entertainment system from Friedman Electronics, Inc. Because Keynes did not have the cash to pay for the entertainment system, he offered to...

Q: Through negotiation, Emilio has received from dishonest payees two checks with

Through negotiation, Emilio has received from dishonest payees two checks with the following histories: (a) The drawer issued a check to the payee for $9. The payee cleverly altered the numeral amount...