Action to foreclose mortgage on property

Assignment Help Operation Management

Reference no: EM131146074

Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorney expressing an interest in settling. FLB's attorney responded with an offer that he stated his "client has authorized me to extend." George Johnson, a vice president of FLB, received copies of all letters. The Franklins accepted the offer, but three weeks late the FLB attorney wrote to say that all settlement offers had to be cleared through the Cleveland office. Because their agreement had not been approved by that office, the foreclosure was going to proceed. The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule? Discuss fully.

Reference no: EM131146074

Questions Cloud

Discuss the charge distribution through the junction : Discuss the charge distribution through the junction.An "isotype" step junction is one in which the same impurity type doping changes from one concentration value to another value. An n-n isotype doping profi le is shown in Figure P7.12.

Explain your selected methodology and justify your selection : Review the information on methodology in the Learning Resources, and conduct additional research to facilitate your analysis for your project. Evaluate the who, what, how, where, and when associated with each objective: Who will make what change, ..

Characteristic of product design : Which of the following are characteristic of Product design (as opposed to Service design, for instance)?

Which is not benefit of content category pages : Which is NOT a benefit of content category pages?

Action to foreclose mortgage on property : Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorne..

Police hope cadet posts build diversity : Police hope 'cadet' posts build diversity. Calling all cadets! West Palm Beach commissioners, at Monday's meeting, will be asked to approve ambitious new "cadet" program that give part-time posts to four qualified members of According to a group who ..

What is the kinetic energy of the electron after the photon : An incident x-ray photon of wavelength 0.0900 nm is scattered in the backward direction from a free electron that is ini- tially at rest.What is the kinetic energy of the electron after the photon is scattered?

Write a research essay on any of given topic : Write a research essay- Changes must happen in both human eating habits and food cultivation if the human race is to survive- . The European Union will, or will not, last another decade.

How many of the confidence intervals do not contain : How many (and which) of the confidence intervals do not contain the true population mean of 500

User Account

All Pages