James Brusher owned a speedboat and agreed to trade it to Troy Wiwchar for a specified amount of cocaine. Troy took the speedboat and, three days later, before he could deliver the cocaine to James, the cocaine was seized by the police and Troy was arrested. James is now bringing an action claiming that he's entitled to have the speedboat returned.

Required: Explain what arguments are available to James and the likelihood of the speedboat being returned to him.