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(SOLVED) Lewis signed a contract for the rights to all

timber
Lewis signed a contract for the rights to all timber located on Nine-Mile Mine. He agreed to pay
$70 per thousand board feet ($70/mbf). As he began work, Nine-Mile became convinced that
Lewis lacked sufficient equipment to do the job well and forbade him to enter the land. Lewis
sued. […]

Stephen Muka owned U.S. Robotics. He hired his brother Chris to work in the company. His
letter promised Chris $1 million worth of Robotics stock at the end of one year, “provided you
work reasonably hard & smart at things in the next year.” (We should all have such brothers.)
[…]

Commercial Union Insurance Co. (CU) insured Redux, Ltd. The contract made CU liable for fire
damage but stated that the insurer would not pay for harm caused by criminal acts of any
Redux employees. Fire destroyed Redux’s property. CU claimed that the “criminal acts” clause
was a condition precedent, but […]

Krug International, an Ohio corporation, had a contract with Iraqi Airways to build aeromedical
equipment for training pilots. Krug then contracted for Power Engineering, an Iowa corporation,
to build the specialized gearbox to be used in the training equipment for $150,000. Power did
not know that Krug planned to resell […]

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Woodson Walker and Associates leased computer equipment from Park Ryan Leasing. The
lease said nothing about assignment. Park Ryan then assigned the lease to TCB as security for
a loan. Park Ryan defaulted on its loan, and Walker failed to make several payments on the
lease. TCB sued Walker for […]

Intercontinental Metals Corp. (IMC) contracted with the accounting firm of Cherry, Bekaert, &
Holland to perform an audit. Cherry issued its opinion about IMC, giving all copies of its report
directly to the company. IMC later permitted Dun & Bradstreet to examine the statements, and
Raritan River Steel Co. saw […]

A century and a half ago, an English judge stated: “All painters do not paint portraits like Sir
Joshua Reynolds, nor landscapes like Claude Lorraine, nor do all writers write dramas like
Shakespeare or fiction like Dickens. Rare genius and extraordinary skill are not transferable.”
What legal doctrine is the […]

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