Quiz on Negotiable Instrument Liability
1. Ed is the maker of a negotiable note payable to Sue. Sue negotiates the note to Mack.
Which statement is true?
Only Ed is primarily liable.
Only Sue is primarily liable.
Both Ed and Sue are primarily
Interesting 2-207 CASE
Hogwarts Toys, a chain of toy stores, sends an e-mail to Muggle, Inc., a toy
manufacturer in Chicago. The e-mail states:
February 8, 2013
Attention Muggle, Inc.:
Please ship to Hogwarts Warehouse in Fargo,
SCHOOL OF BUSINESS ADMINISTRATION
Syllabus for Business Law II
Term: Fall 2014
Course Designations: BLBG 7320
Office: 33 West 60th Street, 4th Floor
Office Hours: Tuesday 4:40-5:40, and by appointment
Office Phone: (212) 636
Tenth Annual Gala Commercial Transactions Competition
Welcome to the tenth annual commercial transactions competition. Below is a
case study involving documents of title. Every student is invited to participate in the
competition. Finish the five-part cas
Bill lent Joan $500. When the loan became due Joan defaulted. Bill sued Joan and
received a judgment for $500. Before Bill took any actions to collect on the judgment, Joan filed
for bankruptcy under
Quiz and Answers on Risk of Loss
1. Under a shipment contract title and risk of loss pass to the buyer
when the seller delivers the goods to the buyer's port.
when the seller delivers the goods to the carrier.
when the seller manufactures the
QUIZ: COMMERCIAL TRANSACTIONS
HOLDER IN DUE COURSE
John is a house painter. He painted Mona's house. She gave him a check for
$1000 for services rendered. After endorsing it, John gave Erin the check as a gift. The day
after Mona wrote the
GROUP QUIZ FOR COMMERCIAL TRANSACTIONS
Transfer of Negotiable Instruments
A check is payable to bearer. Jessica Simpson finds the check. Jessica is
a holder of the check.
not a holder of the check.
a holder of the check only if
Quiz on Form and Content of Negotiable Instruments
1. On March 5, 2013, Jack, a used car dealer, and Jill enter into a written
contract which provides that Jack agrees to sell a certain 2009 BMW to Jill
for $125,000. The contract also provides that the ca
Commercial Transactions Problem for Oral Argument: Fixtures
The Bates Motel, which has fourteen bungalows and an office, is for sale. Harris
Pilton, an entrepreneur interested in entering the motel and hotel business, meets with
Norman Bates to negotiate