Castaway Boats, a merchant boat dealer, sold a boat to Gilligan, a consumer buyer for cash. The sale took place at the Island Marina, Castaway Boats's place of business. Gilligan, was about to go on a business trip and asked Castaway Boats to keep the boat at the marina until he returned. Gilligan had planned to pick up the boat the following week. A severe storm struck the marina. As a result, all of the boats at the marina were damaged or sunk. When Gilligan returned to pick up the boat he was unable to take delivery because it was at the bottom of the bay. Gilligan demanded that Castaway Boats refund his money. Castaway Boats refused claiming that a sale had been made and that the risk of loss had passed to Gilligan as the good faith buyer. Gilligan sued Castaway Boats for the refund of the purchase price. Is Gilligan entitled to a refund of the purchase price? Explain Tant Thr Castaway Boats, a merchant boat dealer, sold a boat to Gilligan, a consumer buyer for cash. The sale took place at the Island Marina, Castaway Boats's place of business. Gilligan, was about to go on a business trip and asked Castaway Boats to keep the boat at the marina until he returned. Gilligan had planned to pick up the boat the following week. A severe storm struck the marina. As a result, all of the boats at the marina were damaged or sunk. When Gilligan returned to pick up the boat he was unable to take delivery because it was at the bottom of the bay. Gilligan demanded that Castaway Boats refund his money. Castaway Boats refused claiming that a sale had been made and that the risk of loss had passed to Gilligan as the good faith buyer. Gilligan sued Castaway Boats for the refund of the purchase price. Is Gilligan entitled to a refund of the purchase price? Explain Tant Thr