Question: Using the IRAC method - analyze the case and answer the questions provided. I - Issue at hand and relevant facts R - Rule to

Using the "IRAC" method - analyze the case and answer the questions provided.

I - Issue at hand and relevant facts

R - Rule to apply in this case

A - Analysis

C - Conclusion

Using the "IRAC" method - analyze the case and

Ethics Case Ethical 21.3 Ethics Case Cole Energy Develop- The gas compressor that was installed failed to func- ment Company (Cole Energy) wanted to tion properly. As a result, Cole Energy lost business. lease a gas compressor for use in its business of pumping Cole Energy sued Ingersoll-Rand for the breach of an and selling natural gas and began negotiating with the implied warranty of merchantability. Is Ingersoll-Rand Ingersoll-Rand Company (Ingersoll-Rand) for the lease liable? Has Cole-Energy acted ethically in bringing the of a gas compressor. The two parties entered into a lease lawsuit? Has Ingersoll-Rand acted ethically in deny- agreement whereby Ingersoll-Rand leased a gas com- ing liability for the failure of a product it sold? Cole pressor to KOA. The lease agreement contained a sec- Energy Development Company Ingersoll-Rand tion labeled "WARRANTIES." Part of the section read, Company, 678 F.Supp. 208, 1988 U.S. Dist. Lexis 923 (United States District Court for the Central District THERE ARE NO IMPLIED WARRANTIES OF of Illinois) MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE CONTAINED HEREIN

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