How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask socrateaser Your Own Question

socrateaser
socrateaser, Attorney
Category: Business Law
Satisfied Customers: 34180
Experience:  Retired (mostly)
10097515
Type Your Business Law Question Here...
socrateaser is online now
A new question is answered every 9 seconds

5. John, an automobile dealer, entered a contract with Lisa

Resolved Question:

5. John, an automobile dealer, entered a contract with Lisa in which Lisa agreed to
purchase a 1995 Chevrolet automobile from John for $2,000. John expressly told Lisa
that the motor in the automobile was bad, along with the clutch and brakes. Further,
John told Lisa that she would probably need to have the automobile repaired immediately
upon leaving the dealership. Lisa purchased the automobile despite its problems.
However, Lisa became disgruntled because the costs of the repairs were more than she
expected. She filed suit against John for breach of warranty. The most likely result will
be that Lisa will
A. win, because the implied warranty of merchantability was violated.
B. win, because the implied warranty of fitness for a particular purpose was violated.
C. lose, because no warranties were violated.
D. lose, because express warranties displace inconsistent implied warranties.
6. Jack and Barbara enter a contract in which Barbara agrees to deliver premium video
games to Jack in exchange for $2,500. Barbara has the goods shipped to Jack, and
Jack accepts the goods. However, the next day, Jack determines that the video games
aren’t premium video games at all, but are merely 10-year-old video games that
Barbara has recycled. Jack then notifies Barbara that he revokes his acceptance. Just
two hours after Jack notifies Barbara of this fact, the video games are struck by lightning
and destroyed. The most likely result will be that
A. Jack bears the risk of loss, because he accepted the shipment.
B. Jack bears the risk of loss, because the buyer always bears the risk of loss.
C. Barbara bears the risk of loss, because Jack revoked his acceptance.
D. Barbara bears the risk of loss, because the seller always bears the risk of loss.
8. Carrie owed Charlotte $20,000. Carrie offered Charlotte a promissory note (a negotiable
instrument) worth $200,000 upon maturity, which occurred in six months, as
payment for the debt. Carrie had actually stolen the promissory note from her friend
Samantha. Charlotte probably won’t qualify as a holder in due course because
A. Charlotte didn’t give value for the instrument.
B. Charlotte didn’t take the instrument in good faith.
C. Charlotte should have known the instrument was stolen.
D. the instrument was stolen from Samantha.
12. Leroy writes a $50 check made payable to “Cash,” and gives the check to Laurie.
Which one of the following best describes what has happened?
A. Transfer by assignment
B. Taking for value
C. Transfer by negotiation
D. Transfer to a holder in due course
14. Brenda wrote a check to Kelli for $50, to be drawn from her account at Beverly Bank.
Beverly Bank refused to cash the check. Which one of the following correctly states
Brenda’s liability in this situation?
A. Brenda is secondarily liable if she is given timely notice of the dishonor.
B. Brenda is primarily liable if she is given timely notice of the dishonor.
C. Brenda is secondarily liable regardless of any notice of dishonor.
D. Brenda is primarily liable regardless of any notice of dishonor.
Submitted: 3 years ago.
Category: Business Law
Expert:  socrateaser replied 3 years ago.

5. C. lose, because no warranties were violated.

6. A. Jack bears the risk of loss, because he accepted the shipment.
8. D. the instrument was stolen from Samantha.
12. B. Taking for value
14. D. Brenda is primarily liable regardless of any notice of dishonor.

 

finis.
socrateaser, Attorney
Category: Business Law
Satisfied Customers: 34180
Experience: Retired (mostly)
socrateaser and 3 other Business Law Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
< Last | Next >
  • http://ww2.justanswer.com/uploads/LA/lawpro/2012-6-25_171315_PT206740s.64x64.jpg Law Pro's Avatar

    Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
  • http://ww2.justanswer.com/uploads/DC/DCraneEsq/2012-8-14_14436_DCrane.64x64.jpg MShore Law's Avatar

    MShore Law

    Attorney

    Satisfied Customers:

    1233
    Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    1162
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    1142
    Run my own successful business/contract law practice.
  • http://ww2.justanswer.com/uploads/ohioatty/2009-1-22_185545_me.jpg J.Hazelbaker's Avatar

    J.Hazelbaker

    Attorney

    Satisfied Customers:

    393
    Experienced and trained in the area of business law.
  • http://ww2.justanswer.com/uploads/scottymacesq/2009-6-10_221523_small.jpg RGMacEsq's Avatar

    RGMacEsq

    Attorney

    Satisfied Customers:

    393
    Licensed Texas General Practice Attorney
  • http://ww2.justanswer.com/uploads/BA/barristerinky/2012-6-10_22423_office.64x64.jpg Barrister's Avatar

    Barrister

    Attorney

    Satisfied Customers:

    301
    13 years practicing attorney, MBA
 
 
 

Related Business Law Questions