Question
Sam and Julie Grossberg (hereinafter Grossbergs) attended a meeting which was designed to help those in serious financial difficulties, in the hopes of learning some
Sam and Julie Grossberg (hereinafter "Grossbergs") attended a meeting which was designed to help those in serious financial difficulties, in the hopes of learning some things that would help them solve their need for affordable transportation. After the meeting George Stormwell, who worked for Friendly Motor Solutions (hereinafter "Friendly"), approached them and offered to sell them a 1980 Oldsmobile 88 for $3,600, plus interest. He said they could pay whatever they could afford so long as they paid a total of $5,000 within the next three years, the additional $1,400 being finance charges and incidental costs. After 6 months, the Grossbergs had paid a total of $500 when they both lost their jobs and were unable to continue payments in any amount. Friendly filed suit for the $4,500 that remained unpaid. During the trial it was determined that the car the Grossbergs bought was worth only $600. What are the chances that Friendly will be successful in their suit to recover $4,500, plus court costs? Would the Grossbergs be able to recover anything from Friendly if they were to file a counter claim? Explain your answers in detail.
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