In a 750-1,000 word Microsoft Word document in APA (6.0) format, respond to the following scenario. You must include at least three outside references (in addition to the textbook). Ensure your essay has a title and reference page formatted in APA.
Cole Energy Development Company (Cole Energy) wanted to lease a gas compressor for use in its business of pumping and selling natural gas and began negotiating with the Ingersoll-Rand Company (Ingersoll-Rand) for the lease of a gas compressor. The two parties entered into a lease agreement whereby Ingersoll-Rand leased a gas compressor to KOA. The lease agreement contained a section labeled "WARRANTIES." Part of the section read, There are no implied warranties of merchantability or fitness for a particular purpose contained herein. The gas compressor that was installed failed to function properly. As a result, Cole Energy lost business. Cole Energy sued Ingersoll-Rand for the breach of an implied warranty of merchantability. Is Ingersoll-Rand liable? Has Cole-Energy acted ethically in bringing the lawsuit? Has Ingersoll-Rand acted ethically in denying liability for the failure of a product it sold? Cole Energy Development Company v. Ingersoll-Rand Company, 678 F.Supp. 208, 1988 U.S. Dist. Lexis 923 (United States District Court for the Central District of Illinois)