Questions from Business Law

Q: Jowenna Surber owned a Mercedes-Benz automobile that she insured through

Jowenna Surber owned a Mercedes-Benz automobile that she insured through an insurance broker, Mid-Century Insurance Company (Mid-Century). Mid-Century secured a policy for Surber with the Farmers Insu...

Q: Antonio Munoz and Jacinto Segura won some money from 2 unidentified men

Antonio Munoz and Jacinto Segura won some money from 2 unidentified men in a craps game in a Los Angeles park. When Munoz and Segura left the park in Segura’s car, the 2 men followed them in another c...

Q: Donald Barker, a wealthy Oregon resident, went to the law

Donald Barker, a wealthy Oregon resident, went to the law firm Winokur, Schoenberg, Maier, Hamerman & Knudson to have his estate planned. An attorney at the firm repeatedly told Barker that he could c...

Q: When Michael A. Jaffe, a child psychiatrist practicing in California

When Michael A. Jaffe, a child psychiatrist practicing in California, was accused of Medi-Cal fraud and theft, he requested that his malpractice insurer, Cranford Insurance Company (Cranford), provide...

Q: Brandon Apparel Group, Inc. (Brandon) made and sold

Brandon Apparel Group, Inc. (Brandon) made and sold clothing and licensed the making and selling of clothing in exchange for a percentage of the licensees’ sales revenues. Brandon began borrowing mone...

Q: Michael H. Clott was chairman and chief executive officer of First

Michael H. Clott was chairman and chief executive officer of First American Mortgage Company, Inc. (FAMCO), which originated loans and sold the loans to investors, including E. F. Hutton Mortgage Corp...

Q: Giant Stores Corporation (Giant) hired Touche Ross & Co.

Giant Stores Corporation (Giant) hired Touche Ross & Co. (Touche), a national CPA firm, to conduct audits of the company’s financial statements for 2 years. Touche gave an unqualified opinion for bot...

Q: Texscan Corporation (Texscan) was a corporation located in Phoenix,

Texscan Corporation (Texscan) was a corporation located in Phoenix, Arizona. The company was audited by Coopers & Lybrand (Coopers), a national CPA firm that prepared audited financial statements for...

Q: Ethel M. Ramchissel executed a will that made the following bequests

Ethel M. Ramchissel executed a will that made the following bequests: (1) one-half of the stock she owned in Pabst Brewing Company (Pabst) to Mary Lee Anderson, (2) the stock she owned in Houston Na...

Q: Martha Jansa executed a will naming her 2 sons as executors and

Martha Jansa executed a will naming her 2 sons as executors and leaving all her property to them. The will was properly signed and attested to by witnesses. Thereafter, Martha died. When Martha’s safe...