StudentShare solutions
Triangle menu

Exam 2 - Essay Example

Also, he said that he would be willing to sell the Dealership to a third party. The loan officer verbally said that the Bank would not foreclose or sue on the promissory note as long as the note was paid when the Dealership was sold, but not later than September 1, 2010.
Analysis: The promissory note and the deed of trust both contained the following clause: “Any amendment hereto or modification hereof must be in writing signed by both parties. Any waiver or indulgence of any default by Dealer shall not operate as a waiver of any subsequent default. Time is of the essence hereof.” Clearly, the Dealer was able only to reach a verbal settlement with the bank officer, so his liability exists and he can be prosecuted for not making a written negotiation.
Issue 2: The promissory note called for monthly payments of interest but 16 of the 24 interest payments due under the note had been made untimely. Moreover, the last three payments had not been paid at all.
Analysis: It is astonishing that the bank did not take action in time. The bank could have sought legal help against the Dealer earlier too. In such circumstances, the role of the concerned lean officer should be examined by the court.
as stated by the website “Cornell Law School … Lawyers in the Best Sense” under the auspices of the American Law Institute and the National Conference of Commissioners on United States Laws. Needless to say, this article is equipped with a strong framework to prevent unfair and unreliable financial action and prosecute the wrong doer.
“U.C.C. – ARTICLE 3 – NEGOTIABLE INSTRUMENTS.” Cornell Law School … Lawyers in the Best Sense. The American Law Institute and the National Conference of Commissioners on United States Laws, 2005. Web. 7 Aug. 2010. ...Show more


The problem involves application of promissory note, which is under the subject of negotiable instruments, and which is again considered under the Uniform Commercial Code (U.C.C.) of the United…
Author : javontewilkinso
Exam 2 essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Exam 2"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Exam 2: Poverty, Neighborhoods, Health and Schools
Several of these dimensions are common across these settings and have a protective, risky or dual (protective and risky) impact on these settings. Some of the common dimensions across these settings are: 1. Monetary issues: This involves factors like economic hardship or poverty in families or funding in schools.
4 pages (1000 words) Essay
Exam 2
On its most simplistic level, utilitarianism states that humans normally seek to further a course of action that maximizes utility. Generally, this action of the maximization of utility necessarily lends one to seek to minimize suffering and maximize happiness.
3 pages (750 words) Essay
Exam 2
Four theoretical explanations have been proposed to explain this behavior: tastes for discrimination, statistical discrimination, overcrowding model and institutional models. Taste for discrimination refers to the bias that employers, co-workers or
2 pages (500 words) Essay
Exam 2
The lucrative businesses were not supposed to be free and for all but for the colonial government (Tidal and Shi 36). This did not auger well with the people prompting them to trigger reactions geared to reform since this was the only way to
2 pages (500 words) Essay
Exam 2
According to Bechet, in his book, Strategic Staffing: A Comprehensive System for Effective Workforce Planning, the solution to this issue does not lie in attempting to
4 pages (1000 words) Essay
Exam - 2
project size contributes towards implementation risk because a larger project calls for a greater utilization of resources, the presence of which entails the presence of increased effort and a higher aspect of risk. Accordingly, if the organization’s human resource department
7 pages (1750 words) Essay
Exam #2
This program enables an employee to return to work in a temporary modified duty capacity. This move reduces the emotional and economic costs that the employee and business will incur respectively. This program is
2 pages (500 words) Essay
Economic Exam 2
As a sociologist Marx also made efforts to explain the existence of social classes and why they behave in the ways they do (Schumpeter 9). As an
2 pages (500 words) Essay
Exam 2
e various researches done on evolution of cells by different scientists each research is trying to elaborate himself by really looking in the weakness of the opponent as the weakness from you will be used as the improvement of the other. However, with criticism many theories
4 pages (1000 words) Essay
In this regard, value perceptions and customer needs are assessed. One of the strengths of this method is that is suits products that are so expensive. However, the method has a weakness of
4 pages (1000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Exam 2 for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us