Questions from Business Law

Q: For the balance due on the purchase of a tractor, Henry

For the balance due on the purchase of a tractor, Henry Brown executed and delivered to Jane Jones his promissory note containing the following language: January 1, 2021, I promise to pay to the order...

Q: Sam Sharpe executed and delivered to Don Dole the following instrument:

Sam Sharpe executed and delivered to Don Dole the following instrument: Knoxville, Tennessee May 29, 2021 Thirty days after date I promise to pay Don Dole or order, Five Thousand Dollars. The holder o...

Q: Explain whether the following instrument is negotiable. March 1, 2021

Explain whether the following instrument is negotiable. March 1, 2021 One month from date, I, James Jimson, hereby promise to pay Edmund Edwards: Six thousand, Seven hundred Fifty ($6,750.00) dollars,...

Q: On July 31, Amanda Vaughn and Jason Vaughn accompanied their mother

On July 31, Amanda Vaughn and Jason Vaughn accompanied their mother, Emma Simpson Vaughn, to a Walmart store. Amanda’s friend, Kimberly Dickerson, was also with them. Once they entered the store, Mrs....

Q: The following instrument was given to Matthew Andrea: Chapel Hill,

The following instrument was given to Matthew Andrea: Chapel Hill, N.C. April 15, 2021 Ninety days after date pay to the order of Matthew Andrea, seven hundred and fifty dollars ($750). Value received...

Q: Roy Rand executed and delivered the following note to Sue Sims:

Roy Rand executed and delivered the following note to Sue Sims: “Chicago, Illinois, June 1, 2021; I promise to pay to Sue Sims or bearer, on or before July 1, 2021, the sum of $7,000. This note is giv...

Q: Adams, who reads with difficulty, arranged to borrow $2

Adams, who reads with difficulty, arranged to borrow $2,000 from Bell. Bell prepared a note, which Adams read laboriously. As Adams was about to sign it, Bell diverted Adams’s attention and substitute...

Q: On January 2, 2021, seventeen-year-old Martin

On January 2, 2021, seventeen-year-old Martin paid $2,000 for a used motorboat to use in his fishing business, after Dealer’s fraudulent misrepresentation of the condition of the boat. Martin signed a...

Q: McLaughlin borrowed $10,000 from Adler, who, apprehensive

McLaughlin borrowed $10,000 from Adler, who, apprehensive about McLaughlin’s ability to pay, demanded security. McLaughlin indorsed and delivered to Adler a negotiable promissory note executed by Topp...

Q: Adams, by fraudulent representations, induced Barton to purchase one hundred

Adams, by fraudulent representations, induced Barton to purchase one hundred shares of the capital stock of the Evermore Oil Company. The shares were worthless. Barton executed and delivered to Adams...