Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Robotman and Adam were old friends. Robotman decided to purchase a bobcat, which is a small piece of earth moving equipment, which could be used

image text in transcribed
Robotman and Adam were old friends. Robotman decided to purchase a bobcat, which is a small piece of earth moving equipment, which could be used for clearing snow from parking lots or performing landscaping work. Robotman decided to purchase a bobcat from Hagar for $20,000.00. Robotman had $5,000.00 for the purchase price and Hagar agreed to be owed the balance of $15,000.00 for a term of one year. A security agreement was registered against the bobcat with the Personal Property Security Registry. Adam was a trained equipment operator. He agreed that he would operate the bobcat for 40% of the gross revenue in all of their contracts. The words "Robotman & Adam Bobcat Services" were stencilled on the side of the bobcat. After four months of operation Robotman was unable to make his monthly payments to Hagar because all of his income was going into Bobcat repairs. The machine broke down weekly. Hagar had known about the mechical problems of the bobcat but had not discussed them with Robotman, even though Robotman told Hagar that he needed an extremely reliable bobcat. Hagar seized the bobcat for non-payment and had it sold for $6,000.00. He then sued Adam and Robotman for the remaining $9,000.00 owing. Robotman claimed that Hagar had fraudulently misrepresented the bobcat by not telling him of the mechanical problems. Will Hagar be successful in court against Robotman and/or Adam? Please examine all issues, including who his claim would be against

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

Students also viewed these Law questions