Week 2 Written Assignment
On an automated teller machine (ATM) belonging to USA Bank, Sven placed a cardskimming device to pull information from the magnetic strips of users debit cards. The
device then transmitted the stolen data to thiev
Written Assignment 1
Ralph gets his paycheck from Shakes n Burgers Restaurant, his employer, and attempts
to deposit it in his account at Town Bank. Uri, the banks teller, notices that on the check
the amount stated in words is different f
Week 3 Written Assignment
Best Yogurt Corporation orders refrigeration equipment from Cold Storage, Inc., which
has an unperfected security interest in the equipment until it is paid for. Meanwhile, Best
Yogurt takes out a loan from Depend
Week 4 Written Assignment
Francesca works for Glassworks Inc. Near her workstation is a conveyor belt that runs
into a large industrial oven. Some workers, including Harry, Francescas supervisor, use
the oven to heat food. One day, when th
Week 5 Written Assignment
Fresco and Garcia form a partnershipHVAC Pros. Garcias capital contribution is
$10,000, and Frescos is $15,000. The partnership agreement provides that profits are to
be shared, with 40 percent for Garcia and 60 p
A preexisting claim. In negotiable instruments law, taking an instrument in satisfaction of an
antecedent claim is taking the instrument for value?that is, for valid consideration.
An indorsement that
A secondary promise that is ancillary (subsidiary) to a principal transaction or primary contractual
relationship, such as a promise made by one person to pay the debts of another if the latter fails to perform.
A person who signs an instrument for the purpose of lending his or her name as credit to another
party on the instrument.
A person who agrees to represent or act for another, called the principal.
A seller's or lessor's oral or written promise, ancillary to an underlying sales or lease agreement, as to the
quality, description, or performance of the goods being sold or leased.
A warranty that th