(SOLVED) Helen age 17 wanted to buy a Harley Davidson

Sportster motor
Helen, age 17, wanted to buy a Harley-Davidson “Sportster” motorcycle. She did not have the
funds to pay cash but persuaded the dealer to sell the cycle to her on credit. The dealer did so
partly because Helen said that she was 22 and showed the dealer an identification card […]

From the United Insurance Co., Rebecca Foster obtained a policy insuring the life of Lucille
McClurkin and naming herself as beneficiary. McClurkin did not live with Foster, and Foster did
not inform McClurkin of the existence of the policy. Foster paid the premiums on the policy and
upon the death […]

Buster Cogdill, a real estate developer, made an offer to the Bank of Benton to have the bank
provide construction financing for the development of an outlet mall, with funds to be provided at
prime rate plus two percentage points. The bank’s president Julio Plunkett thanked Buster for
the proposal […]

Wheeler operated an automobile service station, which he leased from W. C. Cornitius, Inc. The
lease ran for three years. Although the lease did not contain any provision for renewal, it was in
fact renewed six times for successive threeyear terms. The landlord refused to renew the lease
for a […]

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A. H. Zehmer discussed selling a farm to Lucy. After a 40-minute discussion of the first draft of a
contract, Zehmer and his wife, Ida, signed a second draft stating: “We hereby agree to sell to
W. O. Lucy the Ferguson farm complete for $50,000 title satisfactory to buyer.” Lucy […]

A signed a contract agreeing to sell land he owned but reserved the right to take the hay from
the land until the following October. He gave the contract form to B, a broker. C, a prospective
buyer, agreed to buy the land and signed the contract but crossed out […]

Samson Industries ceased doing business and is in bankruptcy proceedings. Among the
creditors are five employees seeking unpaid wages. Three of the employees are owed $3,500
each, and two are owed $1,500 each. These amounts became due within 90 days preceding
the filing of the petition. Where, in the priority […]

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