Suppose that Reed is buying a crane from Movers Inc.Reed needs a crane that will handle loads of up to 10,000 pounds.Movers' salesman tells Reed that the crane "will handle a 10,000-pound load." Relying on this statement,Reed buys the crane.Later,he discovers that the crane will only handle a 5,000-pound load.Reed wants to rescind on the basis of either fraud or misrepresentation.Movers,however,alleges that the salesman did not make a statement of past or existing fact.Is Movers correct?

Question

Quizplus · Accepted Answer

The Answer of Suppose that Reed is buying a crane from Movers Inc.Reed needs a crane that will handle loads of up to 10,000 pounds.Movers' salesman tells Reed that the crane "will handle a 10,000-pound load." Relying on this statement,Reed buys the crane.Later,he discovers that the crane will only handle a 5,000-pound load.Reed wants to rescind on the basis of either fraud or misrepresentation.Movers,however,alleges that the salesman did not make a statement of past or existing fact.Is Movers correct?

Suppose That Reed Is Buying a Crane from Movers Inc