Charles E. Johnson was the founder and C.E.

Charles E. Johnson was the founder and C.E.O. of PurchasePro.com, Inc., and Geoff Layne was its marketing director. When their internet stock went public, both officers suddenly owned shares worth mil...

Corona Fruits & Veggies (Corona) leased farmland to a strawberry

Corona Fruits & Veggies (Corona) leased farmland to a strawberry farmer named Armando Munoz Juarez. He signed the lease “Armando Munoz.” Corona advanced him money for payroll and farm production expen...

Jim Henches, a licensed massage therapist, treated Benjamin Taylor after

Jim Henches, a licensed massage therapist, treated Benjamin Taylor after he was injured in a car accident. Henches billed Taylor for more than $7,000. Taylor’s insurance company thought the bill was t...

When John Blackwell was seriously injured, he and his wife Ki

When John Blackwell was seriously injured, he and his wife Ki Tae Lee hired Se Ill Choi to help Lee communicate with her husband’s doctors and perform daily chores. Eventually, Choi moved into the Bla...

Twenty-one seamen entered into a written contract with the Alaska

Twenty-one seamen entered into a written contract with the Alaska Packer’s Association (APA) to sail from San Francisco to Pyramid Harbor, Alaska, where they would work as fisherman and sailors during...

Kenny Willis and his neighbors, Rick and Joyce Taylor, were

Kenny Willis and his neighbors, Rick and Joyce Taylor, were good friends. Rick helped Kenny repair his truck and Kenny cut the Taylors’s yard because they did not own a lawnmower. One day, while the T...

Consideration does not require counteroffers. Students may equate “bargained-

Consideration does not require counteroffers. Students may equate “bargained-for” with “haggled-over.” A simple example can demonstrate the meaning of “bargained-for” in this context: Curt offers to m...

Stephen Son was a part owner and operator of two corporations.

Stephen Son was a part owner and operator of two corporations. Because the businesses were corporations, Son was not personally liable for the debts of either one. Jinsoo Kim invested a total of about...

William Story wanted his nephew to grow up healthy and prosperous.

William Story wanted his nephew to grow up healthy and prosperous. In 1869, he promised the 15-year-old boy $5,000 if the lad would refrain from drinking liquor, using tobacco, swearing and playing ca...

In 2010, Congress enacted the Patient Protection and Affordable Care Act

In 2010, Congress enacted the Patient Protection and Affordable Care Act (the Act), which aimed to increase the number of Americans covered by health insurance and decrease the cost of health care. Th...