Questions from Business Law


Q: Kelly-Moore Paint Company, entered into a fifteen-year

Kelly-Moore Paint Company, entered into a fifteen-year commercial lease with Osprey, for a property in Edmond, Oklahoma. The lease contained an option for two five-year renewals. The lease required th...

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Q: Plaintiff, Gibson, entered into negotiation with W. S.

Plaintiff, Gibson, entered into negotiation with W. S. May, president of Home Folks Mobile Home Plaza, Inc., to buy Home Plaza Corporation. Plaintiff visited the mobile home park on several occasions,...

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Q: Columbia University brought suit against Jacobsen on two notes signed by him

Columbia University brought suit against Jacobsen on two notes signed by him and his parents. The notes represented the balance of tuition he owed the University. Jacobsen counterclaimed for money dam...

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Q: Jane Francois married Victor H. Francois. At the time of

Jane Francois married Victor H. Francois. At the time of the marriage, Victor was a fifty-year-old bachelor living with his elderly mother, and Jane was a thirty-year-old, twice-divorced mother of two...

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Q: International Underwater Contractors, Inc. (IUC), entered into a

International Underwater Contractors, Inc. (IUC), entered into a written contract with New England Telephone and Telegraph Company (NET) to assemble and install certain conduits under the Mystic River...

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Q: Vernon and Janene Lesher agreed to purchase an eighteen-acre parcel

Vernon and Janene Lesher agreed to purchase an eighteen-acre parcel of real property from the Strids with the intention of using it to raise horses. In purchasing the property, the Leshers relied on t...

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Q: Ben Collins was a full professor with tenure at Wisconsin State University

Ben Collins was a full professor with tenure at Wisconsin State University in 2015. In March 2015, Parsons College, in an attempt to lure Dr. Collins from Wisconsin State, offered him a written contra...

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Q: In February, Brady contracted to construct a house for Fulghum for

In February, Brady contracted to construct a house for Fulghum for $206,850. Brady began construction on March 13. Neither during the negotiation of this contract nor when he began performance was Bra...

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Q: a. Johnson tells Davis that he paid $150,000

a. Johnson tells Davis that he paid $150,000 for his farm in 2016 and that he believes it is worth twice that at the present time. Relying upon these statements, Davis buys the farm from Johnson for $...

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Q: Richard Brobston was hired by Insulation Corporation of America (ICA)

Richard Brobston was hired by Insulation Corporation of America (ICA) in 2009 as a territory sales manager but was promoted to national account manager in 2013 and to general manager in 2017. In 2019,...

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