Courtney, Who Does Not Keep Up with the Price of Current

question 30

Multiple Choice

Courtney, who does not keep up with the price of current technology, agrees to buy a used computer from Jake for $2,500. Later, Brice tells Courtney that she made a really bad deal and that she could get an even better new computer for no more than $1,000. Courtney tells Jake that she is not giving him any money because he was not fair with her. Which of the following is the most likely result if Jake sues Courtney alleging breach of contract?

• A) Brice will win only if he can establish that Brice is wrong and that the deal was actually reasonable.
• B) Brice will win because the court would not weigh whether a good bargain was made.
• C) Courtney will win if she can establish that she paid at least 75% more than the computer was actually worth.
• D) Courtney will win if she can establish that she paid at least 50% more than the computer was actually worth.
• E) Courtney will win if she can establish that she made a bad deal and that truly she was not aware of current prices of computers.

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Definitions:

Federal Trade Commission

A U.S. federal agency tasked with protecting consumer rights and eliminating anticompetitive business practices.

Federal Legislation

Laws enacted by the national government of a country that apply to the people and entities within its jurisdiction.

Food and Drugs

Regulatory category pertaining to the safety, efficacy, and labeling of consumables and medications for public health.

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from risks of injury or death from consumer products.