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MGMT 597 Week 3 Homework Problems (2 Sets) NEW

MGMT 597 Week 3 Homework Problems (2 Sets) NEW
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  • MGMT 597 Week 3 Homework Assignment Set 1.docx
  • MGMT 597 Week 3 Homework Assignment Set 2.docx

MGMT 597 Week 3 Homework Problems(2 Sets) NEW

1)-Problem Chapter 22.10 Reference to Another Agreement - Holly Hill Acres, Ltd. (Holly Hill), purchased land from Rogers and Blythe. As part of its consideration, Holly Hill gave Rogers and Blythe a promissory note and purchase money mortgage. Does the reference to the mortgage in the note cause it to be nonnegotiable?Holly Hill Acres, Ltd. v. Charter Bank of Gainesville, 314 So.2d 209, Web 1975 Fla.App. Lexis 13715 (Court of Appeal of Florida) 
2) Problem Chapter 23.8 - Business Ethics - Anthony and Dolores Angelini entered into a contract with Lustro Aluminum Products, Inc. (Lustro). Under the contract, Lustro agreed to replace exterior veneer General, as a holder in due course, demanded payment of the note from the Angelinis. Who wins? General Investment Corporation v. Angelini, 278 A.2d 193, Web 1971 N.J. Lexis 263 (Supreme Court of New Jersey) 
3) Problem Chapter 24.13 - Business Ethics - Warren and Kristina Mahaffey were approached by a salesman from the Five Star Solar Screens Company (Five Star). The salesman offered to install insulation in their home ….. Did Five Star Solar Screens Company act ethically in this case? Can the Mahaffeys successfully assert the defense of breach of contract by Five Star against the enforcement of the note by Mortgage Finance? Mahaffey v. Investor’s National Security Company, 103 Nev. 615, 747 P.2d 890, Web 1987 Nev. Lexis 1875 (Supreme Court of Nevada) 
4) Problem Chapter 27.2- Priority of Security Agreements - World Wide Tracers, Inc. (World Wide), sold certain of its assets and properties, including equipment, furniture, uniforms, accounts receivable, and contract rights, to Metropolitan Protection, Inc. (Metropolitan)….Bank filed a counterclaim, asserting its perfected security interest in Metropolitan’s accounts receivable. Who wins? World Wide Tracers, Inc. v. Metropolitan Protection, Inc., 384 N.W.2d 442, Web 1986 Minn. Lexis 753 (Supreme Court of Minnesota)

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