Directions: Review the fact pattern and question. Each part should be its own response, and use the IRAC method to respond to both parts (feel free to label each section as you get familiar with the IRAC method). Submit your assignment as an upload in Microsoft Word document format.

Steve and Tina have been friends for a long time. Steve has had a Steinway Grand Piano for about 16 years, he inherited it from his grandmother after she passed away. Tina has told Steve many times that the piano is now worth a significant amount of money and he should look in to selling it, but he always tells her that has no intention of ever selling the piano. One day, after hiking Tina and Steve were starving and stopped at a nearby restaurant. As soon as they got inside Steve realized he didn't have his wallet and must have dropped it on the trail while they were hiking. In his head, he is laughing at his bad luck and he turns to Tina and says "if someone gave me a handful of cash right now I would give them my piano". Tina, turns to him and asks "so you would give me your piano for 50 dollars" Steve, chuckling turns and says "Yes I am so hungry, if you give me fifty dollars I will give you my piano". Tina gives Steve fifty dollars and the next day shows up at his house for the piano. Steve can't believe it, he didn't mean to sell her his piano for fifty dollars and tells her to leave.