Questions from Business Law


Q: Gardner owned a quantity of corn, which was contained in a

Gardner owned a quantity of corn, which was contained in a corncrib located on Gardner’s farm. On March 12, Gardner wrote a letter to Bassett stating that he would sell to Bassett all of the corn in t...

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Q: Garvey owned four speedboats named Porpoise, Priscilla, Providence, and

Garvey owned four speedboats named Porpoise, Priscilla, Providence, and Prudence. On April 2, Garvey made written offers to sell the four boats in the order named for $14,200 each to Caldwell, Meens,...

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Q: The Brineys (defendants) owned a large farm on which was

The Brineys (defendants) owned a large farm on which was located an abandoned farmhouse. For a ten-year period the house had been the subject of several tres passings and housebreakings. In an attempt...

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Q: Brilles offered to sell his used automobile to Nevarro for $12

Brilles offered to sell his used automobile to Nevarro for $12,600 cash. Nevarro agreed to buy the car, gave Brilles a check for $12,600, and drove away in the car. The next day Nevarro sold the car f...

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Q: Mae contracted to sell one thousand bushels of wheat to Lloyd at

Mae contracted to sell one thousand bushels of wheat to Lloyd at $5 per bushel. Just before Mae was to deliver the wheat, Lloyd notified her that he would not receive or accept the wheat. Mae sold the...

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Q: On December 15, Judy wrote a letter to David stating that

On December 15, Judy wrote a letter to David stating that she would sell to David all of the mine-run coal that David might wish to buy during the next calendar year for use at David’s factory, delive...

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Q: State whether the following provisions impair or preclude negotiability, the instrument

State whether the following provisions impair or preclude negotiability, the instrument in each instance being otherwise in proper form. Answer each statement with either the word “Negotiable” or “Non...

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Q: State whether the following provisions in a note impair or preclude negotiability

State whether the following provisions in a note impair or preclude negotiability, the instrument in each instance being otherwise in proper form. Answer each statement with the word Negotiable or Non...

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Q: On March 10, Tolliver Tolles, also known as Thomas Towle

On March 10, Tolliver Tolles, also known as Thomas Towle, delivered to Alonzo Craig and Abigail Craig the following instrument, written by him in pencil: For value received, I, Thomas Towle, promise t...

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Q: Henry Hughes, who operates a department store, executed the following

Henry Hughes, who operates a department store, executed the following instrument: $2,600 Chicago, March 5, 2021 On July 1, 2021, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundre...

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