Smith and Roberson’s Business Law
Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 14, Problem 10CP
Summary Introduction

To discuss: Whether person L recover from company M.

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Deborah McCullough bought a new car from Bill Swad Chrysler, Inc. The car was protected by both a limited warranty and an extended warranty. McCullough immediately encountered problems with the automobile’s brakes, transmission, and air conditioning and discovered a number of cosmetic defects as well. She returned the car to Swad for repairs, but Swad did not fix the brakes properly or perform any of the cosmetic work. Moreover, new problems appeared with respect to the car’s steering mechanism. McCullough returned the car twice more for repairs, but on each occasion, old problems persisted and new ones emerged. After the engine abruptly shut off on a short trip away from home and the brakes again failed on a more extensive excursion, McCullough presented Swad with a list of thirty-two of the car’s defects and demanded their correction. When Swad failed to remedy more than a few of the problems, McCullough wrote a letter to Swad calling for rescission of the purchase agreement and a…
Columbia University brought suit against Jacobsen on two notes signed by him and his parents. The notes represented the balance of tuition he owed the University. Jacobsen counterclaimed for money damages due to Columbia’s deceit or fraudulent misrepresentation. Jacobsen argues that Columbia fraudulently misrepresented that it would teach wisdom, truth, character, enlightenment, and similar virtues and qualities. He specifically cites as support the Columbia motto: “in lumine tuo videbimus lumen” (“In your light we shall see light”); the inscription over the college chapel: “Wisdom dwelleth in the heart of him that hath understanding”; and various excerpts from its brochures, catalogues, and a convocation address made by the University’s president. Jacobsen, a senior who was not graduated because of poor scholastic standing, claims that the University’s failure to meet its promises made through these quotations constituted fraudulent misrepresentation or deceit. Decision?
william purchased a 10-year renewable and convertible term insurance policy with an effective date of March 1, 2014 and a 2-year sulcide exclusion clause. In the following year. William subsequently exercises his conversion privilege anc obtains a term-to-100 policy with a policy effective date of Feb 1, 2015. Which of the following stätements CORRECTLY describes the suicide and contestability timeframes of William's term-to-100 policy? sulcide exclusion clause expires on March 1. 2016: Contestability period expires March 1, 2016 Sulcide exclusion clause expires on Feb 1. 2017: Contestability period expires March 1. 2016 Suicide exclusion elause expires on March 1, 2016, Contestability perlod expires Feb 1. 2017 Sulcide exclusion clause expires on Feb 1. 2017: Contestability perod expires Feb 1, 2017 16
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