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CASE 1: Tom Brandshoe and Dario Primetime are avid football fans; Brandshoe is a Pittsburgh Ironmen (PI) supporter, and Primetime's favorite team is the Dallas
CASE 1: Tom Brandshoe and Dario Primetime are avid football fans; Brandshoe is a Pittsburgh Ironmen (PI) supporter, and Primetime's favorite team is the Dallas Cattle Ranchers (DCR). The two teams are bitter rivals and are scheduled to play during Week 4 of the 2022 United Football League (UFL) schedule. Before the season starts, Brandshoe and Primetime wager a bet that their respective teams will win in the Ironmen-Cattle Ranchers clash. Brandshoe presents $500 in cash to secure the bet, and Primetime produces a written "I.O.U.," stating the following: "I promise to pay the sum of five hundred and no/100 dollars ($500) to the order of Tom Brandshoe, if the Pittsburgh Ironmen defeat the Dallas Cattle Ranchers in Week 4 of the 2022 UFL season. Signed/Dario Primetime." Assume this wager is illegal. In Week 4, the Ironmen (PI) defeat the Cattle Ranchers (DCR). CASE 2: Jane Jones is overjoyed to have received her first paycheck from her first employer, Kay's Koffee. The check is in the amount of $675.00 and is drawn on the Brook Bank. Eager to cash the check, Jane signs her name in the "endorsement" section. She gets into her car and drives to the bank to make a deposit. Unknown to Jane, the check has slipped out of her pocketbook, and onto the Street. The check blows onto a street corner where a Sally picks up the check, and later that day Sally cashes the check. Four weeks later, Jane notices that the check has been processed. She calls Brook Bank, requesting that the $675 be credited to her account. CASE 3: Dan Duke is an eighteen-year-old freshman at Golden State University. He arrives on campus several days before classes begin and learns of a party scheduled at Tau Phi Gamma Fraternity on Friday evening. Dan arrives at the party, confident that a university education means more much more than mere academics. Beer is served at the party, and that night, Dan consumes some alcohol. Dan is distracted while socializing with the Tau Phi fraternity brothers, and someone takes his checkbook out of his back pocket. Three days later, Dan realizes he is missing his checkbook. He returns to the fraternity to look for his checkbook, but to no avail. He hurries to his bank on University Avenue and learns that one check has been written on his account for $3,500 to University Stereo Shack. This check was not written by Dan. Dan's remaining checking account balance is $5.83. CASE 4: Sophie agreed to mow Reza's yard once a week for $50 per week throughout the summer. Sophie, however, was having trouble getting paid from Reza. On July 1, Reza, gave Sophie a handwritten note stating "I, Reza Salehi, owe Sophie Smith $50." On July 7, once again Reza did not have the money to pay Sophie what he owed her, so he again gave her a handwritten note stating: "I, Reza Salehi, promise to pay Sophie Smith or to bearer, the sum of $100 on Monday, July 22, 2022." Disgusted with Reza, Sophie assigned both handwritten notes to Vince, in payment of a debt. When Vince presented the documents to Reza on July 22, Reza refused to pay. Vince told him the documents constituted negotiable instruments, but Reza pointed out that he had not signed the documents with his signature at the end.CASE 1: If Primetime refuses to pay the $500, can Brandshoe recover the $500 from Primetime in court? plain. CASE 2: Must the bank credit Jane's account for the $675? Explain. CASE 3: Is Dan's bank legally obligated to re-credit his account for the $3,500? Explain. CASE 4: Is the note written on July 1 a negotiable instrument? Explain. CASE 4: Is the note written on July 7 a negotiable instrument? Explain.CASE 1: Assume the wager was legal. Is the I.O.U a negotiable instrument? Explain. CASE 2: What should Jane have done to prevent Sally from cashing the check? Explain. CASE 3: Would Dan's bank be legally obligated to re-credit his account for the $3,500 if Dan, after insuming too much alcohol, negligently left his checkbook at the party? Explain
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