Contemporary Business Law 8th Edition by Henry Cheeseman

تمرين 8

Ethics Case Executive Financial Services, Inc. (EFS), purchased three tractors from Tri-County Farm Company (Tri-County), a John Deere dealership owned by Gene Mohr and James Loyd. The tractors cost $48,000, $19,000, and $38,000. EFS did not take possession of the tractors but instead left the tractors on Tri-County's lot. EFS leased the tractors to Mohr-Loyd Leasing (Mohr-Loyd), a partnership between Mohr and Loyd, with the understanding and representation by Mohr-Loyd that the tractors would be leased out to farmers. Instead of leasing the tractors, Tri-County sold them to three different farmers. EFS sued and obtained judgment against Tri-County, Mohr-Loyd, and Mohr and Loyd personally for breach of contract. Because that judgment remained unsatis­fied, EFS sued the three farmers who bought the tractors to recover the tractors from them. Did Mohr and Loyd act ethi­cally in this case? Who owns the tractors, EFS or the farmers? Executive Financial Services , Inc. v. Pagel , 238 Kan. 809, 715 P.2d 381, Web 1986 Kan. Lexis 290 (Supreme Court of Kansas)