The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Question
Chapter 12, Problem 9BCP
(a)
Summary Introduction
Case summary: Person C borrowed from the U.S bank to buy a home, but later could not afford to pay the monthly payments. The bank notified to foreclose on her home. So, person C filed for bankruptcy. The bank offered her that her mortgage will be modified, if she foregoes bankruptcy. When she withdrew the filing, the bank foreclosed.
To find: The possibility of person C to succeed on a claim of promissory estoppel.
(b)
Summary Introduction
Case summary: Person C borrowed from the U.S bank to buy a home, but later could not afford to pay the monthly payments. The bank notified to foreclose on her home. So, person C filed for bankruptcy. The bank offered her that her mortgage will be modified if she foregoes bankruptcy. When she withdrew the filing, the bank foreclosed.
To find: The code of conduct of the U.S bank and person C.
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Chapter 12 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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