Before Title VII, Duke Power hired black employees only in the

Before Title VII, Duke Power hired black employees only in the labor department, where the highest pay was less than the lowest earnings in the other departments. After Title VII, the Company required...

General Motors was the debtor on two unrelated secured transactions. The

General Motors was the debtor on two unrelated secured transactions. The first was a $300 million loan (known as the “Synthetic Lease”); the second was a $1.5 billion term loan (the “Term Loan”). JPMo...

On December 5, Charles H. Logging (CHL) borrowed

On December 5, Charles H. Logging (CHL) borrowed $225,000 from Citizens Bank to buy a skidder, and signed a promissory note to repay the money along with a UCC-1 listing the skidder as collateral. The...

Robert Roser obtained a loan from Sovereign Bank which he promptly used

Robert Roser obtained a loan from Sovereign Bank which he promptly used to buy a car. Nineteen days later, Sovereign filed a lien with the state of Colorado. The bank expected that, with a perfected i...

Based on the facts in the opening scenario, Brenner filed suit

Based on the facts in the opening scenario, Brenner filed suit against Belliard and Fell, alleging that they had violated their duty of loyalty to the company. Issue: Did Belliard and Fell violate the...

The text offers a hypothetical case concerning Tele Maker, which sells

The text offers a hypothetical case concerning Tele Maker, which sells 500 televisions to Retailer, keeping a security interest in the sets and proceeds. Customers sign chattel paper when they purchas...

Lila Williams purchased a new Roadtrek 200 motor home from New World

Lila Williams purchased a new Roadtrek 200 motor home from New World R.V. Inc. She paid about $14,000 down and financed $63,000, giving a security interest to New World. The RV company assigned its se...

Patrick Kennedy was convicted of raping his eight-year-old

Patrick Kennedy was convicted of raping his eight-year-old stepdaughter L.H. A forensic expert testified that L.H.’s injuries were the most severe he has ever witnessed from a sexual assault. The jury...

Oak Hill Bank loaned Roger and Bonnie Johnson money to buy a

Oak Hill Bank loaned Roger and Bonnie Johnson money to buy a mobile home, which they used for family purposes. The bank took a security interest in the vehicle. The Johnsons went bankrupt. Oak Hill ha...

When the debtor pledges securities as collateral for a loan, problems

When the debtor pledges securities as collateral for a loan, problems can easily arise concerning the quality of care the creditor provided. In Reed v. Central National Bank of Alva, the debtor borro...