Fred Lane, who sells boats, motors, and trailers, sold a boat, motor, and trailer to John Willis
Question:
Fred Lane, who sells boats, motors, and trailers, sold a boat, motor, and trailer to John Willis in exchange for a check for $6,285. The check was not honored when Lane attempted to use the funds. Willis subsequently left the boat, motor, and trailer with John Garrett, who sold the items to Jimmy Honeycutt for $2,500. Honeycutt, surprised at how inexpensive the boat was, considering its quality, did not know where Garrett had obtained the boat, but he had dealt with Garrett before and described him as a “sly businessman.” Garrett did not sell boats; normally, he sold fishing tackle and provisions. Honeycutt also received a forged certificate for the boat, on which he had observed Garrett forge the purported owner's signature. Can Lane compel Honeycutt to return the boat, motor, and trailer? Explain.
Step by Step Answer:
Essentials of Business Law and the Legal Environment
ISBN: 978-0324303957
9th edition
Authors: Richard A. Mann, Barry S. Roberts