Answered step by step
Verified Expert Solution
Question
1 Approved Answer
* Question of EthicsThe IDDR Approach and Sales and Lease Contracts. Camal Terry signed a Sales Contract to buy a 1995 BMW 3 Series from
* Question of EthicsThe IDDR Approach and Sales and Lease Contracts. Camal Terry signed a "Sales Contract" to buy a 1995 BMW 3 Series from Robin Drive Auto, a car dealership in Delaware. Terry agreed to pay $4,995, and Robin Drive agreed to hold the BMW on layaway for him in contemplation of a sale within twenty-one days. Also specified were a down payment of $1,200 and the timing of other payments. Under the payment schedule, Terry was to pay $100 a week for six weeks (forty-two days) even though the sale was to take place twenty-one days later. The contract provided that these payments were fees for storage and "prep" and were not deductible from the price of the car. Terry paid more than $1,000 before asking Robin Drive to refund the money. When the dealership refused, Terry filed a suit in a Delaware state court against Robin Drive. Testimony about the mismatched contract terms was conflicting. [Terry v. Robin Drive Auto, 2017 WL 65842 (Del. Com. Pl. 2017)] (See The Formation of Sales and Lease Contracts.) * Ethically, what is wrong with this deal? Explain. * Using the IDDR approach, consider whether Robin Drive has an ethical obligation to use a different contract in its sales to consumers
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