LAW homework 8.docx - Holly Miller Bus Law Online W-1 Consent Larry offered to sell Stanley his car and told Stanley that the car had been driven

LAW homework 8.docx - Holly Miller Bus Law Online W-1...

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Holly Miller 7/18/2020 Bus Law Online W-1 Consent? Larry offered to sell Stanley his car and told Stanley that the car had been driven only25,000 miles and had never been in an accident. Stanley hired Mike, a mechanic, to appraise the condition of the car, and Mike said the car probably had at least 50,000 miles on it and probably had been in an accident. Stanley still thought the car would be a good buy for the price, so he purchased it. Later, when the car developed numerous mechanical problems, Stanley sought to rescind the contract on the basis of Larry's fraudulent misrepresentation of the auto's condition. STANLEY SUES >You Decide!>> Stanley knew what was wrong with the car before the agreement took place, Stanley loses. W-2 Consent? Linda Lorenzo purchased a home from Lurlene Noel in 1988 without having it inspected. The basement started leaking in 1989. In 1991, Lorenzo had the paneling removed from the basement walls and discovered that the walls were bowed inward and cracked. Lorenzo then had a civil engineer inspect the basement walls, and he found that the cracks had been caulked and painted over before the paneling was installed. He concluded that the "wall failure" had existed for at least thirty years" and that the basement walls were "structurally unsound." If Noel knew of the condition, does Lorenzo have cause of action against Noel? >> Lorenzo definitely has a case. The caulking and painting over the cracks proves that Noel knew about the wall failure before selling the house.
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  • Fall '19
  • Stanley

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