Freelance musician for several major symphonies

Assignment Help Operation Management

Reference no: EM132304573

Bob Areebob is a recognized french horn player. Bob has played as a freelance musician for several major symphonies. Last year Bob went through bankruptcy and in order to pay his rent for a couple of months took out loans from a small savings institution - Avarice Bank - and pledged his french horn as collateral. He was unable to make the first payment on the loan so the bank was getting ready to take the french horn for non-payment. Bob approached the director of the Gilroy Philarmonic International Symphony - Joe Dogooder - for help - asking him to guarantee payment so he does not lose his french horn. Joe agreed to guarantee the payment - partially because Bob is scheduled as the featured performer at the Classic Polka Festival in Gilroy which Joe manages.

Joe called Avarice Bank and said if Bob could not pay, he would, and Avarice accepted his guaranty by phone. Bob played for the Polka Festival; it was a big hit and very successful, but immediately after, left town with Sally Swansong, the well-known international Polka singer/dancer, and their whereabouts are unknown. Avarice has contacted Joe and indicated they have not collected from Bob and they expect him to pay the debt. Joe told Avarice they did not have anything in writing from him (though there are witnesses who heard Joe guarantee payment) and he believes he will not be liable for Bob's debt. Avarice has indicated it will file suit for payment against Joe.

Discuss both sides of this case, indicating who should prevail and why. Use the

Issue: what is the legal issue/dispute?

Decision: who should prevail?

Support: support for your decision

Dissent: the strongest arguments the losing party can/will make

Reference no: EM132304573

Questions Cloud

Three groups to develop ideas and consider their strategic : In the afternoon, the participants will divide into three groups to develop ideas and consider their strategic needs for the upcoming year.

Measuring-monitoring customer satisfaction-service quality : Discuss six (6) steps of measuring and monitoring customer satisfaction and service quality.

Opportunities for public procurement and contract management : Discuss what you believe will be the principal challenges and opportunities for public procurement and contract management during the next five to ten years.

In what ways are health rankings useful : In what ways are health rankings useful? How can we be sure the data are valid and reliable?

Freelance musician for several major symphonies : Bob Areebob is a recognized french horn player. Bob has played as a freelance musician for several major symphonies.

What is the elapsed time between each replenishment : How often should the credit union replenish the ATM? What is the elapsed time between each replenishment?

Discuss how customers respond to service failures : Discuss how customers respond to service failures and what service providers can do in the case of service failures.

Excellence is going far and beyond the call of duty : Consider the following quote: “Excellence is going far and beyond the call of duty, and doing more than others expect.

Define the term diversity : Define the term diversity and discuss how it is utilized or impacts your daily life.

User Account

All Pages