Cooke borrowed money from Haddon and gave as collateral four cases of champagne and a promissory note.
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Cooke borrowed money from Haddon and gave as collateral four cases of champagne and a promissory note. When Cooke failed to pay the debt, Haddon obtained a judgment for the outstanding balance. Cooke promptly paid and demanded return of the collateral. But Haddon had consumed part of the champagne. Cooke sued Haddon for the value of the champagne. Who wins and why?
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Related Book For
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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