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[krazykitkat]

This exam would've been more fun than the usual. Business Organizations Final Exam, Fall 1994, at the University of Montana School of Law:

Early last Friday morning, Ben Stone, one of McDonald's
employee/drivers, picked up his delivery truck and set out for
the first drop-off point on his route. On the way, Stone stopped
at a Quick-Mart for a cup of coffee, as he did every morning. As
Stone was pulling out of the Quick-Mart parking lot, he
accidentally spilled the piping hot coffee, burning his leg and
causing his foot to jerk on the accelerator. As a result,
Stone's delivery truck ran into a car driven by Mike Logan,
causing extensive damage to Logan's car, but thankfully not
injuring Logan himself. Assume Stone acted negligently with
respect to Logan, and that Logan was not in any way at fault for
the accident.

*

Two years ago Kelsey signed a contract to buy a private
island in Flathead Lake from Lenny Briscoe. She paid $20,000
down in earnest money, and agreed to pay Briscoe an additional
$100,000 at the end of each of the next 5 years. As collateral
for the purchase, Kelsey assigned her partnership interest to
Briscoe with the agreement that Briscoe could enforce the
assignment only upon a default by Kelsey. Kelsey has paid the
first two annual installments of $100,000, but is about to
default on the third installment.

To make matters worse, Elizabeth Olivet, a former secretary
of BKM Partnership, has sued the partnership for $50,000 on a
wrongful discharge claim.

*

Lucy Bates, Joe Coffee and Bobby Hill are partners in a
partnership that makes and sells handmade wooden Christmas tree
ornaments. ...

One year ago, Bates began ordering small blocks of wood in
large quantities from Belker Lumber.