Questions from Business Law

Q: For a period of sixteen months, Great Lakes Higher Education Corp

For a period of sixteen months, Great Lakes Higher Education Corp. (Great Lakes), a not-for-profit student loan servicer, issued 224 student loan checks totaling $273,152.88. The checks were drawn aga...

Q: Michael, his mother, and his four siblings orally agreed that

Michael, his mother, and his four siblings orally agreed that they would all play the lottery and that if any one of them should purchase a winning lottery ticket, all of them would share the money eq...

Q: Present and former law review editors who were researching disciplinary systems and

Present and former law review editors who were researching disciplinary systems and procedures at the military service academies for an article requested, but were denied, access to case summaries of...

Q: Anderson and Tallstrom are partners in Rancho Murieta Investors (RMI).

Anderson and Tallstrom are partners in Rancho Murieta Investors (RMI). Anderson owns 80 percent of RMI; Tallstrom owns the other 20 percent and is the managing partner of RMI. Hellman obtained judgmen...

Q: Horizon is a large, publicly traded provider of both nursing homes

Horizon is a large, publicly traded provider of both nursing homes and management for nursing homes. It wanted to expand into Osceola County, Florida. South- ern Oaks was already operating in Osceola...

Q: Berger was planning to produce a fashion show in Las Vegas.

Berger was planning to produce a fashion show in Las Vegas. In April 1965, Berger entered into a written licensing agreement with CBS Films, Inc., a wholly owned subsidiary of CBS, for presentation of...

Q: Harold Lang Jewelers, Inc. (Lang), a Florida corporation

Harold Lang Jewelers, Inc. (Lang), a Florida corporation, through its single employee, had sold and consigned merchandise to jewelry stores in western North Carolina for almost thirty years. Lang’s em...

Q: International Distributing Export Company (I.D.E.) was

International Distributing Export Company (I.D.E.) was organized as a corporation on September 7, 2014, under the laws of New York and commenced business on November 1, 2014. I.D.E. formerly had been...

Q: GM Sub Corporation (GM Sub), a subsidiary of Grand Metropolitan

GM Sub Corporation (GM Sub), a subsidiary of Grand Metropolitan Limited, acquired all outstanding shares of Liggett Group, Inc., a Delaware corporation. Rothschild International Corporation (Rothschil...

Q: In addition to a class of common stock, Peabody Coal Company

In addition to a class of common stock, Peabody Coal Company had outstanding a class of cumulative 5 percent preferred shares with a par value of $25 with the following contractual rights as stated in...