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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)

Citation
Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)
Parent Document
Cline v. Allis-Chalmers Corp., 690 S.W.2d 764 (1985)
Jurisdiction
Kentucky (state)
Effective Date
1985-05-24

Other Sections in This Document (48)

Full Text

836 chars
The appellant contends that Crabtree fraudulently induced him to sign the lease agreement with Beneficial. When appellant was negotiating the purchase of the combine with Crabtree, appellant alleges that Crabtree described Allis-Chalmers Credit’s lease agreement as a lease with an option to buy. Appellant further alleges that on the night he signed the Beneficial lease, Crabtree told him that the Beneficial lease was also a lease with an option to purchase. Actually, the Beneficial agreement is a true lease containing no option to purchase provision. However, appellant admits that he had an opportunity to read the entire agreement but in fact had only read the first few lines. Thus, he maintains that he relied on Crabtree’s assertions and was unaware that the agreement was not a lease with an option to buy when he signed it.