Roma has a large tomato farm on Maryland's Eastern Shore. To meet the water rements of...
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Roma has a large tomato farm on Maryland's Eastern Shore. To meet the water rements of his carefully cultivated crop, Farmer Roma regularly irrigates his tomatoes. Prior the erowing season, Farmer Roma told Manny Madoff, a sales representative for Peerless mns that he needed pumps that would pump enough water to grow 2,500 acres of tomatoes nold Farmer Roma that Peerless Pumps' T-800 Model 101 pump would "pump ail the water eed Farmer Roma signed a purchase order on Peerless Pump's letterhead, which read: "One leno Model 101 pump. $7,000." The T-800 Model 101 pump was delivered to Farmer Roma the ollowing week. It came with a manual that stated that its pumping capacity was 25,000 gallons ner minute. The manual also stated, in bold capital letters: "There are no warranties that extend beyond the pumping capacity specifications described herein." Farmer Roma properly installed the T-800 Model 101 pump just before the growing season and planted his 2,500 acres of tomatoes, which required 20,000 gallons per minute of water to grow properly. Farmer Roma planned to use the remaining 5,000 gallons per minute of water to supply water to his exotic rain forest habitat that he kept as a hobby. In addition to various plants, the habitat served as home to one dozen strawberry poison dart frogs, a pair of sloths, and a chestnut- mandibled toucan named "Herb", as well as other exotic creatures. During the height of the growing season, the T-800 Model 101 pump malfunctioned and pumped only 15,000 gallons per minute of water. As a result, the tomato crop was stunted, and Farmer Roma sold it for $10,000 less than he expected. For $1.000, Farmer Roma could have installed a temporary pump that would have pumped an additional 2,500 gallons per minute of water, which would have caused him to suffer crop losses of only $5,000. The T-800 Model 101 pump malfunction also resulted in low water levels in Farmer Roma's exotic rain forest, which caused the tragic total loss of the strawberry poison dart frogs, valued at $3,000. Herb survived. Applying only Article 2 of the Uniform Commercial Code: Discuss the claims that Farmer Roma may raise against Peerless Pumps, and any defenses Peerless Pumps may raise. (50%) 1. Assuming that Farmer Róma prevails in his suit against Peerless Pumps, discuss the damages he will be able to recover. (50%) 2. Roma has a large tomato farm on Maryland's Eastern Shore. To meet the water rements of his carefully cultivated crop, Farmer Roma regularly irrigates his tomatoes. Prior the erowing season, Farmer Roma told Manny Madoff, a sales representative for Peerless mns that he needed pumps that would pump enough water to grow 2,500 acres of tomatoes nold Farmer Roma that Peerless Pumps' T-800 Model 101 pump would "pump ail the water eed Farmer Roma signed a purchase order on Peerless Pump's letterhead, which read: "One leno Model 101 pump. $7,000." The T-800 Model 101 pump was delivered to Farmer Roma the ollowing week. It came with a manual that stated that its pumping capacity was 25,000 gallons ner minute. The manual also stated, in bold capital letters: "There are no warranties that extend beyond the pumping capacity specifications described herein." Farmer Roma properly installed the T-800 Model 101 pump just before the growing season and planted his 2,500 acres of tomatoes, which required 20,000 gallons per minute of water to grow properly. Farmer Roma planned to use the remaining 5,000 gallons per minute of water to supply water to his exotic rain forest habitat that he kept as a hobby. In addition to various plants, the habitat served as home to one dozen strawberry poison dart frogs, a pair of sloths, and a chestnut- mandibled toucan named "Herb", as well as other exotic creatures. During the height of the growing season, the T-800 Model 101 pump malfunctioned and pumped only 15,000 gallons per minute of water. As a result, the tomato crop was stunted, and Farmer Roma sold it for $10,000 less than he expected. For $1.000, Farmer Roma could have installed a temporary pump that would have pumped an additional 2,500 gallons per minute of water, which would have caused him to suffer crop losses of only $5,000. The T-800 Model 101 pump malfunction also resulted in low water levels in Farmer Roma's exotic rain forest, which caused the tragic total loss of the strawberry poison dart frogs, valued at $3,000. Herb survived. Applying only Article 2 of the Uniform Commercial Code: Discuss the claims that Farmer Roma may raise against Peerless Pumps, and any defenses Peerless Pumps may raise. (50%) 1. Assuming that Farmer Róma prevails in his suit against Peerless Pumps, discuss the damages he will be able to recover. (50%) 2.
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The present case is that Farmer Roma entered into a contract with Peerless pumps to purcahse one T800 model 101 pump to facilatate water needs of Farm... View the full answer
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Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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