Question
Bill Cheapskate always aimed for high returns on his income taxes and he usually prepared them himself. This year he decided to have his taxes
Bill Cheapskate always aimed for high returns on his income taxes and he usually prepared them himself. This year he decided to have his taxes done by Charles Makemoney, a certified public accountant. Charless fee to prepare taxes was $800. Charles reviewed Cheapskates information and roughly calculated that Bill would owe the IRS approximately $1,500. Charles completed the paperwork and realized that he had made a miscalculation in his rough estimate and that Cheapskate actually did not owe $1,500 but would receive it as a refund. After Cheapskate learned about the error, he was so excited that he promised to give Charles an additional $200. Later, when Charles went to collect the additional $200, Cheapskate refused to pay, claiming that he did not owe him the money. Charles sued Cheapskate. What is the most likely outcome and why?
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