First, I am surprised that you would loan out a large and critical piece of equipment like a tractor. Secondly, I am also surprised that you would not outline some rules for the usage and condition of same.
But, having said that, he sure did take advantage. Personally, I think that he should pay for the entire 75 hours as well as fuel. What he did was wrong.
Consider: had you not loaned him a tractor, what would his choices have been? Rent a tractor or go out and buy one. In either case, he would have had to pay for the usage of the tractor as well as the fuel. Why should it be different with your equipment?
Personally, I have strict policies about loaning out large or expensive tools and equipment. I go with it or it doesn't go. If it gets broken or damaged, I have nobody to blame except myself. That way, I know that it will be used correctly, maintained correctly, and how and when I will have it back in its place.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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