Conrad Schaneman was a Russian immigrant who could neither read nor write the English language. In 2011,

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Conrad Schaneman was a Russian immigrant who could neither read nor write the English language. In 2011, Conrad deeded (conveyed) a farm he owned to his eldest son, Laurence, for \($23,500,\) which was the original purchase price of the property in 1981. The value of the farm in 2011 was between \($145,000\) and \($160,000.\) At the time he executed the deed, Conrad was an eighty-two-year-old invalid, severely ill, and completely dependent on others for his personal needs. He weighed between 325 and 350 pounds, had difficulty breathing, could not walk more than fifteen feet, and needed a special jackhoist to get in and out of the bathtub. Conrad enjoyed a long-standing, confidential relationship with Laurence, who was his principal adviser and handled Conrad’s business affairs.

Laurence also obtained a power of attorney from Conrad and made himself a joint owner of Conrad’s bank account and \($20,000\) certificate of deposit. Conrad brought this suit to cancel the deed, claiming it was the result of Laurence’s undue influence. Explain whether the deed was executed as a result of undue influence.

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Business Law And The Regulation Of Business

ISBN: 9781305509559

12th Edition

Authors: Richard A. Mann, Barry S. Roberts

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