Action to foreclose mortgage on property

Assignment Help Operation Management
Reference no: EM131146074

Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorney expressing an interest in settling. FLB's attorney responded with an offer that he stated his "client has authorized me to extend." George Johnson, a vice president of FLB, received copies of all letters. The Franklins accepted the offer, but three weeks late the FLB attorney wrote to say that all settlement offers had to be cleared through the Cleveland office. Because their agreement had not been approved by that office, the foreclosure was going to proceed. The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule? Discuss fully.

Reference no: EM131146074

Questions Cloud

Discuss the charge distribution through the junction : Discuss the charge distribution through the junction.An "isotype" step junction is one in which the same impurity type doping changes from one concentration value to another value. An n-n isotype doping profi le is shown in Figure P7.12.
Explain your selected methodology and justify your selection : Review the information on methodology in the Learning Resources, and conduct additional research to facilitate your analysis for your project. Evaluate the who, what, how, where, and when associated with each objective: Who will make what change, ..
Characteristic of product design : Which of the following are characteristic of Product design (as opposed to Service design, for instance)?
Which is not benefit of content category pages : Which is NOT a benefit of content category pages?
Action to foreclose mortgage on property : Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorne..
Police hope cadet posts build diversity : Police hope 'cadet' posts build diversity. Calling all cadets! West Palm Beach commissioners, at Monday's meeting, will be asked to approve ambitious new "cadet" program that give part-time posts to four qualified members of According to a group who ..
What is the kinetic energy of the electron after the photon : An incident x-ray photon of wavelength 0.0900 nm is scattered in the backward direction from a free electron that is ini- tially at rest.What is the kinetic energy of the electron after the photon is scattered?
Write a research essay on any of given topic : Write a research essay- Changes must happen in both human eating habits and food cultivation if the human race is to survive- . The European Union will, or will not, last another decade.
How many of the confidence intervals do not contain : How many (and which) of the confidence intervals do not contain the true population mean of 500

Reviews

Write a Review

Operation Management Questions & Answers

  Calculating profit

Company XZC sells its Lenex Brand to four different segments-A, B, C, and D. The variable cost for Lenex is $15. The size of each segment is 1000 people.

  Define the term organizational culture what is the

what is organizational culture? what is the relationship between shared vision and organizational culture? how does

  Argue in the nature versus nurture debate

What side would you prefer to argue in the nature versus nurture debate? What would be the major points each side would make? How would you resolve the controversy?

  Explain basic provisions of contract law relative to offer

Describe the elements of a contract and explain the basic provisions of contract law relative to offer, acceptance, capacity, legality, fraud, third-party rights, performance, and breach of contract

  Assignment risk assessment plan

We all face potential hazards in our workplaces and in our homes. Ideally we can eliminate or control many of these; however, if and when they occur, a Risk Assessment Plan is our best defense. Explain the task being performed when the risk might o..

  How national culture affect strategy

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assumptions?

  Explain contracting process to someone who had never heard

How would you explain the contracting process to someone who had never heard of organizational development, why is this important.

  Compare marketing strategy to its competition

The financial ratios of P&G (Procter & Gamble) that you find strong and areas of concerns. The organizational structure of P&G: Does this structure optimize the firm’s focus or strategy within its industry? Compare P&G’s marketing strategy to its com..

  Harmonic analysis and get meaningful results

You recorded some measurement data and you do not know if the data is periodic or not, or even worse, you do know that the data is NOT periodic. Can you still use the harmonic analysis and get meaningful results? Explain.

  Clearly unethical in an attempt to influence employees

Influencing and persuading are central parts of a leader's job. Leaders routinely attempt to influence employees to perform at a high level. Leadership can have a dark side, however. What kinds of actions by a leader would you regard as being clearly..

  The california compassionate use act

Congress enacted the Controlled Substance Act, 21 U.S.C. §801 (CSA), as part of the Comprehensive Drug Abuse Prevention and Control Act of 1970. CSA establishes or designates certain drugs as “controlled substances” and makes it unlawful to knowingly..

  Determine the size and timing of planned-order releases

Determine the size and timing of planned-order releases necessary to meet delivery requirements using Lot-forLot ordering policy.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd