Friday, February 27, 2015

Ranch Purchase

In negotiations for the purchase of a ranch, Adler (the seller) discussed water rights with Folt, the buyer. Adler never mentioned an on-going dispute she had over such rights with a neighboring rancher. After the purchase, Folt realized that he had "bought a lawsuit" when his neighbor sued him over the water rights. In turn, he therefore sued Adler for rescission of their contract.

Who will win and why?
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5 comments:

  1. AnonymousFebruary 27, 2015 at 2:14 PM

    Folt will win. She left out material facts. That makes the decision easier for the judge. Rescission will be granted.

    ReplyDelete
  2. BryceFebruary 27, 2015 at 2:24 PM

    Folt will win. She left out the material facts. It makes the decision easier for the judge. Rescission will be granted.

    ReplyDelete
  3. AnonymousFebruary 27, 2015 at 2:24 PM

    Folt woud win because of the fact that she didnt tell him the material facts about the ongoing problem.

    ReplyDelete
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