Unformatted text preview: told Cronan on at least two occasions that Cronan’s debt was to be forgiven on Wilson’s death. In the meantime, Cronan continued to make payments on the note. Wilson died in July 1987. On the day after Wilson died, Buell delivered the copy of the note to Cronan, as directed. Wilson’s personal representative (a person appointed to look after the deceased’s affairs), Carol Kesterson, sought to recover from Cronan the balance owing on the $65,000 note, the original of which was found among Wilson’s personal effects after his death. Cronan claimed that the debt had been forgiven, as a gift to Cronan. Were the requirements of a gift satisfied? How should this case be resolved? Discuss fully. [ Kesterson v. Cronan , 105 Or.App. 551, 806 P.2d 134 (1991)]...
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This note was uploaded on 11/29/2010 for the course BUS 101 taught by Professor Me during the Spring '10 term at Central Methodist University.
- Spring '10