Mesaba Service & Supply Co. v. Martin

Plaintiff appeals from a judgment awarding it the sum of $1,000 plus prejudgment interest against defendant Ray L. Martin (defendant).1 We reverse and remand with instructions to enter judgment for plaintiff against defendant in the amount of $7,500.

In October, 1978, plaintiff, who is in the business of buying closed-down industrial facilities and reselling equipment, purchased all of the equipment of a mine in Nevada. Defendant is in the business of buying and selling used transformers. In July, 1979, he purchased and took delivery of a 5000 kilovolt transformer from plaintiff, for which he…