Unformatted text preview: The lower court said that Sherwood should still get the cow. The higher court affirmed this judgment. This is economic incentive to really know what you’re working with. This also puts the responsibility on the party that is selling. Its most often the case that the seller knows his property the best. Defense: Hiram Walker & Sons Verdict: Sherwood’s judgment affirmed, he should still get the cow. Law and Economics Notes:...
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- Fall '07
- Economics, TC Sherwood, TC Sherwood Case