Shirley owns a hair salon in Minnesota.  On June 22, 2023, Cal Clipper began working as a hair stylist at one of Shirley’s salons. Before Cal began working for Shirley, Cal signed a non-compete agreement that prohibited Cal from working for a period of 18 months “at any hair salon within ten miles” of Shirley’s salon.  On September 10, 2024, Cal quit working for Shirley, and immediately began working at another salon that is eight miles away from Shirley’s salon. Shirley sued Cal, asking the court to enjoin him from working at the new salon.

Under current law, contract provisions that require disputes to be resolved by mandated individual arbitrations are

Apply the “mailbox” rule to the following facts: Day 1: Kramer makes an offer to Arnold. Day 2: at 10:00 a.m., Kramer decides to revoke the offer, and gives a revocation letter to a bicycle messenger service, instructing the rider to deliver the letter to Arnold. Day 2: at 10:20 a.m. the same day, Arnold decides to accept Kramer’s offer, and gives an acceptance letter to a messenger, instructing the messenger to deliver the letter to Kramer. Day 2: at 10:30 a.m. the same day, Kramer’s messenger arrives at Arnold’s place of business and hands the revocation letter to the receptionist. Day 2: at 10:45 a.m. the same day, Arnold’s messenger arrives at Kramer’s place of business and hands the acceptance letter to Kramer’s receptionist.

Kramer has many novelty shops that sell Halloween masks. Mr. Maker shows Kramer a prototype of a “Kamala Harris” mask. Kramer sends Maker a signed order to purchase 5,000 Harris masks. The order form has a space to include the price, but that space was left blank. Maker signs and returns the form, but Maker also does not fill in an amount specifying the price. Maker refuses to deliver the masks, and Kramer sues.

A legal process used by a creditor to collect a debt by seizing a portion of the wages of a debtor who is NOT in bankruptcy is called what?

In October 2005 the federal bankruptcy code was significantly amended to add a “means test” for individuals seeking bankruptcy protection.  Since then, if a debtor makes more than the state median income, the debtor

Assume the following timeline.May 1 — Ace Bank loans money to Kramer Company to fund the purchase of Inventory A. Ace Bank requires Kramer to sign a security agreement that provides that Ace Bank gets a security interest in Inventory A as well as a security interest in all equipment and inventory that Kramer may acquire in the future.May 2 — Inventory A is delivered to Kramer.May 3 — Ace Bank files a financing statement relating to the collateral.May 4 — Bobs Bank loans money to Kramer Company to fund the purchase of Equipment B. Bobs Bank and Kramer sign a security agreement that provides that Bobs Bank gets a security interest in Equipment B, plus Bobs Bank also gets a security interest in all other currently owned equipment and inventory and all equipment and inventory that Kramer may acquire in the future.May 5 — Equipment B is delivered to KramerMay 6 — Bobs Bank files a financing statement relating to the collateral.May 10 — Kramer Company uses its own funds to buy Equipment C.June 10 — Kramer goes broke and defaults on everything.Who gets what?

Kramer owes several creditors lots of money. His only two friends happen to also be creditors. Kramer uses his last few dollars to pay the debts he owes to his two friends. The next week Kramer files bankruptcy.

The type of bankruptcy most commonly used by corporations is

Which of the following parties can obtain and benefit from a PMSI?