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Andy signed a negotiable note to Scott's Appliance Store to purchase a refrigerator for his home. The note contained all of the notices required by the Federal Trade Commission. The refrigerator did not perform as promised, often spewing water all over the floor. Andy planned to contact the appliance store the next day. Scott's Appliance Store negotiated Andy's note to Alliance Appliances, who took the note in good faith and with no notice of the breach of warranty.
•Does the FTC regulation apply to this case? Will Andy be required to pay the amount owed on the refrigerator to Alliance Appliances? •Would the FTC regulation you found apply if Andy paid for the refrigerator with a personal check? If Andy paid with a personal check would he be required to pay Alliance Appliance? Scenario 2 Brittney borrowed $1000 from Jason on September 1, 2012 and agreed to pay him back $100 each month starting in October. Brittney missed her October payment, but wrote Jason a check for $100 in November. Jason added a zero to the end and presented the check to First Bank, the drawee. First Bank paid Jason $1,000 out of Brittney's account. First Bank exercised reasonable care at all times. One week after receiving her bank statement, Brittney noticed the improper payment and informed First Bank of the alteration.
Discussion Question Part II Select four of the six topics from the list. In two to three paragraphs, provide information about how your new business will handle issues related to the topics. Justify your selection with relevant laws, cases or examples.
•Issuing credit to customers
A physician is completing a residency to complete her education. Which of the following accurately describes this process
Sandy transfers real property "to Heather for her life, then to Ira in fee simple." Which of the following best describes the result of the transfer
The managers of Beta, Inc., in marketing Beta's products, attempt to strike a balance between profitability and ethical responsibility. The profits that Beta realizes
Can you think of a time when you did something just because everyone else was doing it-even when it didn't feel quite right to you? Do you regret it now?
Ellen is a graduate of The College of Alternative Medicine and is looking to start her own business. She decides to open a meditation studio and looks around the inner city suburb of Paddington for suitable premises
Explain William Stern vs Mary Beth Whitehead and is important to note that Mrs. Stern was not part of the contract and the contract was only between Ms. Whitehead, Richard Whitehead and Mr. Stern
Explain The Legality of Contracts in a Scenario and The Adams family owned an old home in New Jersey that was in need of painting and some other repairs
Summary of a Professional Ethics Article
The "R" in IRAC stands for _________________. A.Rationale B.Reasoning. C.Relationship. D.Rule.
Complete and annex the Self and Peer Assessment.
Explain Contract Law- Gift Giving and If a person promises to give you a gift, there is usually no consideration
Explain how correctional institutions are structured.
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