Chat with AI
Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 8ISBN: 978-0324654554Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 8ISBN: 978-0324654554 Exercise 3
Java Jive, Inc., is a small chain of coffee shops. Adam is Java live's president.
Java Jive borrows $20,000 from Ace Loan Company to make physical improvements to the Java Jive stores. Java Jive gives the money to Jones Construction, a contractor, to do the work. The amount represents only half of the cost, but when Jones finishes the work, Java Jive fails to pay the rest. Java Jive also does not repay Ace for the loan. What can Jones do to collect what it is owed? What can Ace do?
Java Jive borrows $20,000 from Ace Loan Company to make physical improvements to the Java Jive stores. Java Jive gives the money to Jones Construction, a contractor, to do the work. The amount represents only half of the cost, but when Jones finishes the work, Java Jive fails to pay the rest. Java Jive also does not repay Ace for the loan. What can Jones do to collect what it is owed? What can Ace do?
Explanation
Verified
Verified
Company J can put Artisan's lien and mak...
Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
