Questions from Business Law

Q: The AM/PM Franchise association was a group of 150 owners

The AM/PM Franchise association was a group of 150 owners of ARCO Mini-Market franchises in Pennsylvania and New York. Each owner had an agreement to operate a gas station and mini-market, obtaining a...

Q: Clark Oil agreed to sell Amerada Hess several hundred thousand barrels of

Clark Oil agreed to sell Amerada Hess several hundred thousand barrels of oil at $24 each by January 31, with the sulfur content not to exceed 1 percent. On January 26, Clark tendered oil from various...

Q: Mastercraft Boat manufactured boats and often used instrument panels and electrical systems

Mastercraft Boat manufactured boats and often used instrument panels and electrical systems assembled and/or manufactured by Ace Industries. Typically, Ace would order electrical instruments and other...

Q: Lewis River Golf, Inc., grew and sold sod.

Lewis River Golf, Inc., grew and sold sod. It bought seed from defendant, O. M. Scott & Sons, under an express warranty. But the sod grown from the Scott seeds developed weeds, a breach of Scott’s war...

Q: Craig Newmark and Jim Buckmaster founded craigslist, the most popular website

Craig Newmark and Jim Buckmaster founded craigslist, the most popular website in the country for classified ads. Rather than maximizing its profits, craigslist instead focused on developing a communi...

Q: Under the terms of a long-term supply contract, Linde

Under the terms of a long-term supply contract, Linde supplied United Aluminum Corporation (UAC) with nitrogen at $0.23 per unit. Upon expiration, that contract gave UAC the sole option to renew the a...

Q: Laura and Bruce Trethewey hired Basement Waterproofing Nationwide, Inc., to

Laura and Bruce Trethewey hired Basement Waterproofing Nationwide, Inc., to waterproof the walls in their basement for a fee of $2,500. BWNI’s contract stated: “BWNI will service any seepage in the ar...

Q: The Copper King Inn, Inc. had money problems. It

The Copper King Inn, Inc. had money problems. It borrowed $62,500 from two of its officers, Noonan and Patterson, but that did not suffice to keep the inn going. So Noonan, on behalf of Copper King, a...

Q: Sears sold a lawn tractor to Cosmo Fiscante for $1,

Sears sold a lawn tractor to Cosmo Fiscante for $1,481. Fiscante paid with his personal credit card. Sears kept a valid security interest in the lawnmower but did not perfect. Fiscante had the machine...

Q: The state of Kentucky filed a tax lien against Panbowl Energy,

The state of Kentucky filed a tax lien against Panbowl Energy, claiming unpaid taxes. Six months later, Panbowl bought a powerful drill from Whayne Supply, making a down payment of $11,500 and signing...