Case studies #4
Business Law- Ralli
22.3 pg 352
A. William ha bailey executed a note payable tp California dream strett B. four years later dreamstreet negotiated the note to cooperative central raiffeisen-boerenleenbank C. cooperative filed a suit against baileyto recover on the note
23.3 pg 368
A. Wilson was the office mangaer of palmer and ray dental supply B. james frank ray would take the checks reciebved from customers and place them on wilsons desk] C. wislon was authorized to endorse these checks through the use of a rubber stmap reading “palmerand ray dental supply, inc. D. wislon began to embezzle money from the company
24.10 pg 385
A. Marvin rose was an expericened real estate developer
B. one of his projects was rosewoo a tract of land in illionis C. the roses claimed that they were not aware of this language because they did not read the documents. The roses claimed that therir signatures were obtained by fraud in the inception because they thought they were siging term notes and not demand notes
25.2 pg 402
A. Lousie kalbe maintained a checking account at the Pulaski state bank in Wisconsin B. kalbe made out a check for 7,260, payable in cash.
C. one month later sonme unknown person presented the check to a Florida bank for payment D. bank paid the check even though it created a 6,542.12 overdraft in Kalbe account
27.4 pg 432
A. murphoy oldsmobile inc operated an automobile dealership that sold new and used automobile. B. GMAC loaned funds to murphy to finance the purchase of new automobiles as inventory. C. murphy defaulted on certain loans it had received from bank D. the bank exercised its rights of setoff and seized the funds on deposit in murphys checking account
A. Peter and Geraldine tabala (debtors), husband and wife, purchased a hosue in clarkstown. B. they purchased a carvel icecream business for 70,000 with a loan obtained from peoples national bank. C. two years after getting the...