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Question:

[Solution]IRAC

by | Jul 18, 2022 | Recent Orders

#1. You  manage a small bike shop and sell luxury bikes, some costing up to $2,000. A young man comes into the store and wants to buy a mountain bike for $1,200. He has the cash. You are very happy to sell it to him. He tells you that he is a high school student who is taking classes at a local university and needs the bike to make it to class, because he isn’t old enough to drive a car. He buys the bike and leaves the store.  Two years later, the young man comes into the shop and tells you that yesterday was his 18th birthday, and after drinking a great deal of alcohol, he rode his bike down Topanga Canyon and crashed into a large SUV. He hands you a piece of bent bike frame and states that this is all that was left of the bike when he went back to the accident scene this morning.  He asks for his $1,200 back and he now “desires to undo the contract.” Will you agree to the full refund? Why or why not?

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