Joe plans to sell the assets of his business for $150,000 The buyer obtained consent from the landlord to assume the existing lease on the building and a new lease reflecting this is drawn up and signed by the landlord and buyer. This new lease is an example of a negotiable instrument a statutory assignment a constructive trust novation an equitable assignment. Hal purchased ATV (all terrain vehicle) from a local dealer, financing it with them over a two year period. He found that the machine did not live up to the performance promised by the dealer and the company literature. He tried to return the machine, but was told it was a final sale - they asked him if he had read the contract. What recourse does he have and on what basis? Q Format BI U