
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 19
Crump bought a TV antenna and tower from Lair for $900, payable in monthly installments of $7.50. The set was installed and Lair agreed to maintain it, but the contract was silent about insurance or repairs. Nine months later, the set was struck by lightning and badly damaged. Who was responsible for the loss? (Lair Distributing Co. v. Crump, 48 Ala. App. 72, 261 S.2d 904)
Explanation
Issue:
In an installment contract for s...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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