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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 728 |
Essay's paper body
These statements were indeed material to the point that “The evidence is overwhelming that Douglas's representations, that the landing gear were designed to break away from the wing without rupturing the wing fuel tank, were material and Continental justifiably relied on them. The materiality of the representations can hardly be questioned...
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The materiality of the representations can hardly be questioned. Any airline shopping for aircraft to service its customers naturally searches for planes that are safe.†Those representations were of such materiality that the contract would not have been entered without them (
Finally, the court has come to a conclusion that false representations made recklessly and without regard to the truth constitute fraud†therefore, the instruction to the jury, to measure Continental's fraud damages by subtracting from the market value of the aircraft, at the time of the accident, the value of the salvageable parts and the amount of damages due to the impact alone, was in all respects correct†and “On January 30, 1986, the jury returned verdicts in favor of Continental for $17 million on its claims for (1) fraud by misrepresentation, (2) fraud by nondisclosure of known facts and (3) negligent misrepresentation...
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