Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
12/17/2014
Time Spent:
4 h , 13 min , 05 secs
Points Received:
285 / 300 (95%)
Question Type:
# Of Questions:
# Correct:
Essay
6
N/A
Grade Details - All Questions
Page:
1 2
Question 1.
Question :
(TCO A, C) Jim worked for AAA Job Shop, Inc. for over 30 years. Two months before Jim retired, the head of human resources told Jim that the company would pay for health insurance for Jim and his wife for the remainder of his life, and for his wife’s life if she were to survive him, and handed Jim a letter from the company describing this. Jim had…show more content… I do not think Joan can recover the total amount of $487 because Marge did not promise for it. The judge will decide based on the credibility of the witnesses whether Marge will have to pay. Since we are told that she agreed, the court will honor that agreement. Ref. Cheeseman, H. Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues, 7th Edition. [VitalSource Bookshelf version].
Comments:
The statement about making repairs for 1,000 miles was made prior to the signing of the written agreement and would be excluded from evidence under the parol evidence rule. The later statement about paying $200 could be admitted as evidence because it was made after the agreement, although there might be a question whether Joan gave any consideration for that promise. The term drivetrain might be considered ambiguous, but would be interpreted according to the ordinary meaning of drivetrain. In most cases, that would not include brakes. See Chapter 14, page 111.
Question 3.
Question :
(TCO E, H) Determine whether the following instrument is a negotiable instrument, addressing all the
