Mr. Friedman was a banker whom Doc Brown arranged to sign a contract with in order to keep the Institute of Future Technology open. However, as Brown prepared to sign Friedman's contract, Friedman was accidentally run over and killed by Professor Frink with a DeLorean time machine. Doc was forced to sell the institute to Krusty the Clown, who turned it into Krustyland, due to Friedman's death.
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