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Norwalk Auto Mall sold a vintage Jaguar to George Montalbano for $34,000. In order to convince George to buy the vehicle, Jerry Morris, a sales rep for Norwalk, told him the radiator was new and the brakes had been replaced three weeks earlier. Neither of these things had been done and everyone at Norwalk, including Harry Jameson, the owner, knew about the false statements. George gave Jameson a check drawn on Scranton Bank and Trust for the $34,000. While on his way to Massachusetts, the car’s brakes failed and, after a quick investigation, George had discovered the fraud. He immediately stopped payment on the check. However, back home in Scranton, Jameson had indorsed and given the check to Calvin Calloway.

Detail the remedies available to each party and give the legal reason the remedies would be available to each party.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92412171

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