Panlick, the owner of an apartment building, entered into a written contract with Bucci, a paving contractor,

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Panlick, the owner of an apartment building, entered into a written contract with Bucci, a paving contractor, whereby Bucci was to install asphalt paving on the parking lot of the building. When Bucci finished the job, Panlick gave Bucci a check for $6,500 and a promissory note for $7,593 with interest at 10 percent due six months from its date. When the note came due, Panlick refused to pay it. Bucci brought suit to collect the note, and Panlick claimed that there had been a failure of consideration because the asphalt was defectively installed. Can Panlick assert this defense against Bucci?

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Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-1259917110

17th edition

Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory

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