James Heal owned a vehicle salvage yard in Homestead, Iowa. Brian Anderson contracted with Heal to run
Question:
James Heal owned a vehicle salvage yard in Homestead, Iowa. Brian Anderson contracted with Heal to run the business. Anderson cleaned up the property, removed trash, installed heat and fixed the plumbing in the buildings, and brought in tools and equipment.
He used his own resources to rebuild the aging inventory.
Anderson reinvested all of the profits in the business. When Anderson sold a 2004 Ford F-150 that he had bought with his own money for his own use, however, Heal pocketed the proceeds and locked Anderson out of the business. Heal filed a suit in an Iowa state court against Anderson, alleging breach of contract, and obtained an injunction to keep him off the property. Do these circumstances create a bailment?
What is the appropriate standard of care if there is a bailment?
Discuss.
Step by Step Answer:
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell