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When the Prestons took out a variable mortgage with the First Bank of Marietta, their interest rate was 9 percent. The agreement allowed First Bank to raise or lower the interest rate at any time, provided that the Prestons received 30 days' advance notice.
When the bank raised the interest rate to 11 percent, the Prestons refused to pay, arguing that the agreement was unenforceable, because it set no limit on what interest rate they might be forced to pay. Were the Prestons correct? Explain.
Preston v. First Bank of Marietta, 473 N.E.2d 1210 (OH).
A Maserati sports car is considered a specialty good because interested buyers will travel far to buy one
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Case Study - Beckett Organics John Beckett enjoys vegetables, so much so that he has given up his full-time job as a lawyer to concentrate on growing and marketing organic vegetables. He started growing vegetables 20 years ago in his back garden a..
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At the time of mailing her letter of acceptance, Brown knew of both sailings and further knew that Adams knew only of the December sailing. Is there a contract? If so, to which S.S. Malabar does it relate?
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In the course of a meeting regarding an employee's absences from work, a doctor at a veteran's hospital divulged the HIV-positive status and marijuana use of the employee to the employee's union representatives.
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Identify a new issue category not from Food, Beverage, and Products Issues, Health related Issues and Corporate Fraud and Ethics Issues.
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