Blaw 201 week 7 review case problems chapter 17 finest homework tutors onboard

Blaw 201 week 7 review case problems chapter 17 finest homework tutors onboard

Review Case Problems

Don't use plagiarized sources. Get Your Custom Essay on
Blaw 201 week 7 review case problems chapter 17 finest homework tutors onboard
Our work is always; • #Top-Quality • #Plagiarism-free
Order Essay

Chapter 17

1.                  In 1955, Robert Baxter and his wife purchased a home located at 456 Privet Drive, Newtown Square, Pennsylvania.  They made a $100 down payment and borrowed the balance of $11,600 on a 30 year mortgage.  In late 1961, when the Baxters were behind in their mortgage payments, they entered into an agreement to sell the house to Winston and Emily Severson if the Seversons would pay the three months arrearages on the loan and agree to make the future payments on the mortgage.  Ms. Baxter and Ms. Severson were sisters.  The Seversons paid the arrearages, moved into the house, and have lived there to date.  In 1970, the Seversons spent $2000 to finish the basement.  In 1976, Mr. Baxter sued to evict the Seversons from the house, claiming that they had never purchased it and thus had no right to live there.  What is the basis for Mr. Baxter’s claim that they did not have a contract for the sale of the house?  What defense can the Seversons use?  Who will succeed?


2.                  On May, 17, 2009, Dennis Broward met with Stan Kingston, a loan officer with Hometown Bank, to discuss borrowing $30,000 from the bank to start a new business.  After learning that he did not qualify for the loan on the basis of his own financial strength, Broward told Kingston that his former employers, James and Dawn Westerman of California, might be willing to guarantee the payment of the loan.  On May 18, 2009, Kingston talked to Mr. Westerman, who stated that he would personally guarantee the loan to Broward.  Based on this guaranty, the bank loaned Broward $30,000.  The bank sent the guarantee to the Westermans, but it was never returned to the bank.  When Broward defaulted on the loan, the bank filed suit against the Westermans to recover on their guarantee.  Are the Westermans liable?


3.                  Six people, including Betty Rosen and Alicia Feldman, were members of the board of directors of the Tensile Corporation.  A bank agreed to loan the corporation $1.2 million if the board members would personally guarantee the payment of the loan.  Feldman objected to signing the guaranty to the bank because of other pending personal financial negotiations that the contingent liability of the guaranty might adversely affect.  Feldman agreed with Rosen and the others board members that if they were held personally liable on the guaranty, she would pay her one-sixth share of that amount to them directly.  Rosen and the other members of the board signed the personal guaranty with the bank, and the bank made the loan to the corporation.  When the corporation defaulted on the loan, the five guarantors had to pay the loan amount to the bank.  When they attempted to collect a one-sixth share from Feldman, she refused to pay, alleging that her promise was unenforceable.  Does Feldman have to pay the one-sixth share to the other board members?


4.                  Nathan and Carmelita Costanza were married in 1959.  Carmelita had a son from a previous marriage, Carmine Bruno, who lived with them.  Nathan and Carmelita moved to California where they invested $400,000 in agricultural property.  Carmine, then in his early teens, moved with them to California.  In 1966, Carmine, then 18 years old, decided to leave home and seek an independent living.  Nathan and Carmelita, however, wanted him to stay with them and participate in the family venture.  They made a promise to Carmine that if he stayed home and worked, they would leave their property to him by will.  Carmine agreed and remained home and worked the family venture.  He received only his room and board and spending money.  When Carmine married, Nathan told him that his wife should move in with the family and that Carmine need not worry, for he would receive all the property when Nathan and Carmelita died.  Nathan and Carmelita entered into identical wills leaving their property to Carmine when they died.  Nathan died in the late 1980s.  Shortly before his death, without the knowledge of Carmine or Carmelita, he had changed his will and left his share of the property to his grandson from his first marriage, Marco Fenestra.  Carmine sued to enforce Nathan’s promise.  What arguments will Carmine and Marco use?  Who will succeed?



5.                  Pacific Wholesale is in the business of buying and selling gold and silver for customers’ accounts.  Garrett Soldano became a customer of Pacific in 1999 and thereafter made several purchases through Pacific.  On January 28, 2000, Soldano telephoned Pacific and received a quotation on silver bullion.  Soldano then bought 300 ounces of silver for a total price of $12,978.  Pacific immediately contacted US Precious Metals and purchased the silver for Soldano.  The silver was shipped to Pacific, who paid for it.  Pacific placed the silver in its vault while it waited for payment from Soldano.  When Pacific telephoned Soldano about payment, he told Pacific to continue to hold the silver in its vault until he decided whether to sell it.  Meanwhile, the price of silver had fallen substantially and continued to fall.  When Soldano refused to pay for the silver, Pacific sold it for $4,650, sustaining a loss of $8,328.  Pacific sued Soldano to recover the loss.  What arguments will Pacific and Soldano use?  Who will succeed?

Place Your Order
(275 Words)

Approximate Price: $9

Calculate the price of your order

275 Words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total Price:
The price is based on these factors:
Academic Level
Number of Pages
Principle features
  • Free cover page and Reference List
  • Plagiarism-free Work
  • 24/7 support
  • Affordable Prices
  • Unlimited Editing
Upon-Request options
  • List of used sources
  • Anytime delivery
  • Part-by-part delivery
  • Writer’s sample papers
  • Professional guidance
Paper formatting
  • Double spaced paging
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)
  • 275 words/page
  • Font 12 Arial/Times New Roman

•Unique Samples

We offer essay help by crafting highly customized papers for our customers. Our expert essay writers do not take content from their previous work and always strive to guarantee 100% original texts. Furthermore, they carry out extensive investigations and research on the topic. We never craft two identical papers as all our work is unique.

•All Types of Paper

Our capable essay writers can help you rewrite, update, proofread, and write any academic paper. Whether you need help writing a speech, research paper, thesis paper, personal statement, case study, or term paper, essay writing service is ready to help you.

•Strict Deadlines

You can order custom essay writing with the confidence that we will work round the clock to deliver your paper as soon as possible. If you have an urgent order, our custom essay writing company finishes them within a few hours (1 page) to ease your anxiety. Do not be anxious about short deadlines; remember to indicate your deadline when placing your order for a custom essay.

•Free Revisions and Preview

To establish that your online custom essay writer possesses the skill and style you require, ask them to give you a short preview of their work. When the writing expert begins writing your essay, you can use our chat feature to ask for an update or give an opinion on specific text sections.

A Remarkable Student Essay Writing Service

Our essay writing service is designed for students at all academic levels. Whether high school, undergraduate or graduate, or studying for your doctoral qualification or master’s degree, we make it a reality.