Ulysses bought Whiteacre from Gordon but never recorded the deed. Gordon stayed on the property as a tenant for three (3 ) years. Near the end of the three (3 ) years, Gordon learned that Ulysses had never recorded the deed. Gordon advertised Whiteacre
for sale and Cheryl negotiated with Gordon thinking that Gordon was the owner. Finally, Cheryl checked the records at the recording office and, finding no reason to question Gordon's ownership of the property, purchased Whiteacre from Gordon. Cheryl recorded the deed and Gordon fled with the purchase money. Meanwhile, Ulysses had failed to pay the real estate taxes on Whiteacre for the three (3 ) years in question thinking it was the responsibility of Gordon, the tenant. Ultimately, Cheryl and Ulysses disputed over the ownership of the property. Decide the case between Cheryl and Ulysses. Also decide whether Ulysses is responsible for the three (3 ) years of real estate taxes assessed while Gordon occupied the property as a tenant.
Ulysses loses on both counts. Ulysses was the owner of Whiteacre when Ulysses purchased the property and received the deed. As the owner, Ulysses was responsible for the real estate taxes. Because Ulysses failed to record the deed, a good faith purchaser, Cheryl, who relied on the records and did not know of Ulysses' ownership, defeats that ownership and becomes the owner. Cheryl ends up the owner of the property.
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Carteret Inc Carteret Inc manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks needs to be produced: April 6,000 units May 10,000 units June 15,000 units Each unit requires 30 feet of cotton rope cord which costs $.50 per foot. The company
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