Question
Debbie tells Barbara that a motorcycle she has for sale is in perfect condition and has been ridden less than 25,000 miles. In fact, Debbie
Debbie tells Barbara that a motorcycle she has for sale is in perfect condition and has been ridden less than 25,000 miles. In fact, Debbie rode the motorcycle for nearly 40,000 and caused the odometer reading to be rolled back to something under 25,000 miles before trying to sell the motorcycle to Barbara. Barbara, unaware that the motorcycle has been ridden more than 25,000 miles, agrees to pay Debbie $6,000 for the motorcycle. After she purchases the motorcycle and rides it home, Barbara discovers that the motorcycle has more than 40,000 miles on it, but also discovers that similar motorcycles with 40,000 miles typically sell for $9,000 a piece. As a result,
Barbara must return the motorcycle and demand the $6,000 returned because Barbara was defrauded |
Barbara must sell the motorcycle to a disinterested third party for $9,000, and is required to give the $3,000 profit to Debbie. |
Since there was fraud committed by Debbie, the contract is void and Debbie can demand Barbara return the motorcycle or pay an extra $3,000. |
Barbara may keep the motorcycle and Debbie cannot successfully argue she should have been paid more money for it. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started