Question: Case Question A Fact Pattern ( paragraph ) below Harvey, a successful stockbroker gives a lecture at the college about the secrets of
Case Question Fact Pattern paragraph below
Harvey, a successful stockbroker gives a lecture at the college about the secrets of making money with stock investing. Three of the students who attended the lecture are so impressed that they form an investing club and ask Harvey to be a part of it Harvey sets up an account for the investing club that allows him access to the account. Harvey was not authorized by any of the students to withdraw any money from the account. Harvey then uses all the money deposited in the account to pay his personal vacation expenses. When he is charged with embezzlement, Harvey claims that he fully intended to repay the club their money upon the sale of his next book and that the students were foolish to think that he was allowed to set up their account and not have access to it Answer using the IDR Format.
OR
Case Question B Fact Pattern paragraph below
Emma promises her nephew, Will, that she will pay his college expenses for obtaining a Bachelor's degree if he promises to give up his heavy smoking and heavy alcohol drinking habits. Will agrees, totally giving up his smoking and drinking habits. He enters college and graduates with his Bachelor's degree. At his clean and sober graduation party, Will asks Emma to pay his college expenses as per their contract. He does boast that Emma was a fool since he was planning on giving up his smoking and drinking behavior anyhow. Emma claims she does not remember their agreement, but admits that even if she did make such an agreement, there was no valid consideration and thus no binding contract for her to pay. Will sues her for his money. Answer using the IDR Format.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
