Allison, who just graduated from college, wanted to buy a ne…

Allison, who just graduated from college, wanted to buy a new car. However, she did not have much of a credit history, and the bank would not give her a loan unless she had a cosigner who agreed to be liable on the loan along with Allison. Allison’s father cosigned with Allison on her loan at the bank. Allison also wanted to start a real estate business. She needed funds with which to do so. Her boyfriend, Sean, promised the bank, in writing that he would pay Allison’s start-up loan for the real estate business if Allison did not do so. Unfortunately, Allison did not make any money in the real estate business. She went bankrupt along with Sean, who had been acting as her receptionist. The agreement entered into between Sean and the bank is called what?

Natalia is a director in Morgan Corporation. She has been qu…

Natalia is a director in Morgan Corporation. She has been quietly taking product home and selling it on the black market. The other directors of Morgan Corporation know about Natalia’s actions but have failed to take corrective action. Sheridan, a shareholder finds out and comes to you asking you what to do. What do you tell Sheridan?

Garrett has been employed as a plumber for Jackson Plumbing…

Garrett has been employed as a plumber for Jackson Plumbing for the past three years. When he is at Smithby’s house he tries to fix the Smithby’s satellite dish, causing the unit to overheat and causing a fire. What is Jackson Plumbing’s best defense regarding its liability?