Discuss the rule of the gratuitous bailments

Assignment Help Business Law and Ethics
Reference no: EM131662440

Question: Gratuitous Bailments. Raul, David, and Javier immigrated to the United States from Colima, Mexico, to find jobs and help their families. When they learned that a mutual friend, Francisco, planned to travel to Colima, they asked him to deliver various sums, totaling more than $25,000, to their families. During customs inspections at the border, Francisco told U.S. customs officials that he was not carrying more than $10,000, when, in fact, he carried more than $35,000. The government seized the cash and arrested Francisco. Raul, David, and Javier requested the government to return their cash, arguing that Francisco was a gratuitous bailee and that they still retained title. Are they right? Explain fully.

Reference no: EM131662440

Questions Cloud

Calculate and analyze ratios for your selected company : Calculate and analyze the following ratios for your selected company for the last two years from the SEC Form 10-K:
Discuss about the first mercantile department store : Found Property. Bill Heise is a janitor for the First Mercantile Department Store. While walking to work, Bill discovers an expensive watch lying on the curb.
What can you conclude : Consider the statement: "The interest rate on auto loans has increased 50% over the past decade and now stands at 9%." What can you conclude?
What are the ethical issues in ensuring quality of care : What are the ethical issues in ensuring quality of care?
Discuss the rule of the gratuitous bailments : Gratuitous Bailments. Raul, David, and Javier immigrated to the United States from Colima, Mexico, to find jobs and help their families.
Required to work effectively in the business community : Describe specific knowledge and skills you have acquired during your coursework that will be required to work effectively in the business community.
Describe what accounting practices are : Describe what accounting practices are and how they can be both beneficial as well as harmful.find a news article in which different people give accounts .
Probability that exactly one red ball is chosen : Assume that you have 6 red balls and 5 blue balls from which randomly to select two without replacement.
Review case study of the gift inter vivos : Gift Inter Vivos. Thomas Stafford owned four promissory notes. Payments on the notes were deposited into a bank account in the names of Stafford.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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