Case Study: DRAFT Unsecured Promissory Letters

We have a judgment against the borrower in the amount of $23,402. Dan Marchese and Elyse Marchese are the two guarantors, and are in process of a divorce. The judgment (plus post judgment interest) is expected to be satisfied from the closing of house by the end of October, 2015.

This check represents full satisfaction of our lien and the claimant’s third-party action. As you know, we agreed to accept $30,000.00 in satisfaction of our lien. We reserved our rights to offset against future payments of compensation.

The Borrower and the Lender are, in good faith, entering into this Agreement and a contemporaneous Security Agreement, dated as above. The Debtors are entering into this Loan Agreement for the sum of $1,500,000.00 to be rendered by the Lender in the form a cashier’s check at the time of signing. The loan is compelled by the ample consideration provided in the corresponding Security Agreement. Both of these Agreements may be modified, amended, or supplemented from time to time throughout the natural course of the Agreements.

These can be sold to customers or rented out. They also act as a wholesaler and supply equipment to other musical retailers.

Keycorp loaned Planned Pethood, a veterinary facility, $389,000 at an altered financing cost for a term of 10 years. The loan was secured by real property possessed by Planned Pethood. Prepayment of the loan was allowed with the payment of a prepayment premium, in a sum indicated in the promissory note. Arranged Pethood chose to prepay the loan eight years and eight months early and paid Keybank a prepayment premium of around $40,000. The prepayment premium was figured in light of an equation utilizing the remarkable chief parity and the term staying on the loan. Arranged Pethood recorded suit, affirming that the prepayment premium added up to an unenforceable liquidated harms statement and that the measure of the prepayment premium was

LOAN PACKAGE Collateral - Schedule A, Form 413: Personal Financial Statement, Form 912: Statement of

Enforceable contract Peter v. Don. Peter will have an enforceable contract with Don if he can show that all the required elements of a contract are present. If there is a contract between the two then it will be governed by the common law requirements of an enforceable contract instead of the Uniformed Commercial Code, which would be used if their agreement had involved the sale of goods. In order for a contract to be formed between Peter and Don the two must react mutual consent Mutual consent can generally be formed through the form of an (A) offer and (B) acceptance. An additional requirement for both parties to show (C) consideration is also

Ralph and Sharon Dietze (Borrowers) are requesting a $360,000 marketable securities secured bridge loan to facilitate the purchase of a new home in Arlington, VA. Securities to be pledged/hypothecated by former Virginia Commerce Bank and UBSI Director Peter Converse. Other details of the financing are as follows:

App. 1986). The defendant in Felix pressed a nasal inhaler against his victim 's back, declaring that he had a gun. Based on what he felt, the victim perceived that a gun was pressed against his back. Id. On these facts, the court had no difficulty in finding that the defendant had simulated a deadly weapon. Id.

Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."

A. Assuming Officer Jones only had the information set forth in paragraphs #1 through #4 would he have probable cause for a search warrant? Why or why not?

Prompt: “At the end of your lease, you and your roommates cleaned your apartment thoroughly, and because there was no damage to the apartment, you were expecting the landlord to return your entire security deposit of $2,500. The landlord has ignored your written requests for the return of your security deposit. You have since heard from other tenants of your landlord that he is notorious about refusing to return security deposits. What remedy do you have available under Massachusetts law? You need to research case law and/or statutory law.”

Rule : : Contract formation requires mutual assent (offer and acceptance), consideration, and no viable defenses to contract formation.

Can plaintiff Ron Arnett state a claim for negligent infliction of emotional distress (NIED) under Pennsylvania law given that Arnett was located twenty feet from the accident that injured Sarah Nolan, saw Ricky Landis running toward the pool and realized immediately after the impact what had happened, but viewed the impact while underwater; and though they share an emotional bond, Arnett and Nolan are not biologically or legally related?

Explain why it is important to have an intention to create legal relations when making a contract and why is consideration of the parties to the agreement necessary-: