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Like many students, Barbara Hann financed her education partially through loans. These loans included three federally insured Stafford Loans of $7,500 each ($22,500 in total). Hann believed that she repaid the loans, but when later, she filed a Chapter 13 petition, Educational Credit Management Corp. (ECMC) filed an unsecured proof of claim based on the loans. Hann objected. At a hearing at which ECMC failed to appear, Hann submitted correspondence from the lender that indicated the loans had been paid. The court entered an order sustaining Hann's objection.?
1. What is the case about? (Answer in a brief concise summary no longer than 5 sentences.)
2. What practical legal suggestions did you learn from this case that would be of use to a business person or to an individual and their personal life? (Answer in one or two sentences.) (NOTE: An example of a practical legal suggestion is as follows: Make sure that all written contracts that you sign include all of the essential terms and all of the terms and conditions that you have verbally agreed to.)
3. How can this practical legal suggestion be applied in your own personal life or in the business of life of some employer that you worked for? (Answer in 3 to 4 sentences.)
Companies tend to closely guard confidential information, such as product measurement data on quality control charts, for example.
A dry cleaner used exponential smoothing to forecast equipment usage as its main plant. August usage was forecasted to be 88 percent; actual usage was 89.6 percent of capacity. A smoothing constant of .1 was used. Prepare a forecast for September. As..
How do American products compete with cheaper imports?
How many amendments to the Constitution are there? What is the process for amending the Constitution?
How does debt financing help reduce agency problem which arise when managers and shareholders have different objectives?
Explain two types of compensation internal consistency and market competitiveness
Take the general project plan that you submitted in Week 1, and develop the processes for your project.
Explain e-commerce security. What are the four key aspects of information security? What can a multinational do to ensure security of its e-commerce system?
using the same information provided in the class simulation exercise dhl supply chain 022714 and the corresponding
SolarBike Company was formed as a partnership ten years ago by three sisters-in-law: Peg McLaughlin, Terry McLaughlin, and Joanie McLaughlin. All three worked diligently to design and produce the SolarBike: an electric bicycle propelled by the sun’s ..
Visual illusions (also called optical illusions) show that the brain can be readily fooled. One of the most intriguing questions we face when studying how the brain functions in making decisions is: What role does the unconscious brain play in decisi..
Angela and Bob Ray keep a large garden in which they grow cabbage, tomatoes, Could the company increase its profit by increasing or decreasing?
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