Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Alex rented a small one-bedroom beach house in Martha's Vineyard that had an attached one-car garage. Alex customarily parked his 2009 Porsche 911 GT2

2. Alex rented a small one-bedroom beach house in Martha's Vineyard that had an attached one-car garage. Alex customarily parked his 2009 Porsche 911 GT2 RS in the garage. After purchasing a new Jet Ski, Alex realized he had nowhere to store it. Alex approached his neighbor Leon and said, "If you'll let me store my jest ski in your garage I'll pay you $100 a month, as long as you agree to take out insurance to guard against any casualty loss." Leon agreed and promised to use reasonable care in the storage of Alex's Jet Ski.

When Alex arrived with the Jet Ski at Leon's house, he said to Leon, "Since the time we made our agreement, I realized the Jet Ski is covered under my own homeowner's insurance policy, so it won't be necessary for you to take out additional insurance." Two months later Leon's house was destroyed by a fire. The Jet Ski was also ruined in the fire. Afterwards, Alex learned that the Jet Ski was excluded under his homeowner's policy and was not covered by insurance. At the time of the fire, the Jet Ski was valued at $3,800. Alex sues Leon to recover damages for the loss of his Jet Ski. The judgment should be for Alex or Leon? Please briefly explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Law questions