30. Bob has gotten into trouble with his creditors so he is…
30. Bob has gotten into trouble with his creditors so he is looking for a short-term loan to help him consolidate his payments and buy himself some breathing room. Because his credit is not very good, he goes to Shady Lenders (“Shady”), a short-term high interest rate lender. They offer him a $2,000 loan for three months at an interest rate equal to 1.5% per month. Bob feels that he has no choice but to accept the loan at that interest rate and he signed the note and accepted the money. When the loan comes due, Bob tenders $2,000 plus interest at the rate of 0.5% per month, which Bob considers to be the market rate of interest. If Shady sues Bob for the rest of the interest, how should the court rule?
Read Details15. Peg was a college student who was looking for an apartme…
15. Peg was a college student who was looking for an apartment to rent while she attended school. Peg looked at an apartment owned by David. Peg told David that she was very nervous about living alone and she wanted to make sure that the apartment was safe. David reassured her about the apartment’s safety, despite the fact that there had been several recent thefts in the apartment building. Peg signed a one-year lease for David’s apartment, and after she moved in, Peg learned about the recent thefts. Peg confronted David and demanded to be excused from the lease. She said, “I just don’t feel safe here knowing about the thefts.” David refused to terminate the lease. Peg moved out, refusing to make any lease payments. If David sues Peg for her failure to pay the lease, who will prevail?
Read Details4. Don owns Greenacres, a 100-acre parcel of farm land. On M…
4. Don owns Greenacres, a 100-acre parcel of farm land. On March 1, Don offered to sell Greenacres to Paxton for $1,000,000. Paxton told Don that he might be interested in purchasing Greenacres, but he could not get the necessary financing until May 1. Don said that he would hold the land until May 1 and that day, he signed a document stating, “I offer to sell my 100-acre parcel, Greenacres, for $1,000,000 in return for the $5 that I have received from Paxton. I promise to hold the offer open until May 1.” On April 15, Paxton told Don that he was ready to buy Greenacres, but Don said that he had changed his mind and did not want to sell it. If Paxton asserts a claim against Don based on Don’s written promise to sell him the property, what is the likely result?
Read DetailsAs mentioned in the previous question, a run of the program…
As mentioned in the previous question, a run of the program can have many games. Can the same card (e.g. Ace of Spades) be drawn more than once in each game? [cardPerGame] Can the same card (e.g. Ace of Spades) be drawn more than once in one run of the program, but in different games? [cardPerRun]
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