Question: Husted purchased a used car from Reed Motors and obtained
Husted purchased a used car from Reed Motors and obtained a loan through the First National Bank. The car broke down and could no longer be used. Husted refused to pay the balance due on the car. At the time the car was purchased, the contract signed by Husted contained a conspicuous clause stating that the buyer accepted the car in its present condition. The contract also contained other language indicating that the car was sold “ as is.” Was Husted responsible for paying the balance due on the car?
Relevant QuestionsMaritime entered into a contract to purchase a helicopter from Fairchild. Among the relevant provisions typed into the agreement in normal size, in lowercase print on a regular printed form was a clause stating that the sale ...Lindsay signed a note to Clements that stated, “ On or about five years from date, I promise to pay Bonnie M. Clements $ 25,000 without interest.” When Lindsay failed to pay the note, Clements sued. Lindsay claimed that ...Taylor owed Citizen’s National Bank over $ 40,000 and wrote three promissory notes payable to the bank at 15 percent interest ( on each note). Because the notes were past due, the bank increased the rate of interest to 22 ...An HIDC will take free of which of the following defenses? a. serious duress b. fraud in the execution c. a wrongfully filled- in amount payable that was omitted from the instrument d. an instrument with a forged indorsement Middle Georgia Livestock Sales bought cattle at an auction, paying by check. A couple of days later, Middle Georgia discovered that it had purchased stolen cattle and put through a stop- payment order on the check. ...
Post your question