Michael Anders—aka Little Mikey—really wants to purchase a Mazda 626. Mikey is six foot three inches and plays basketball for Central High School in St. Croix, Virgin Islands. (Obviously, Mikey's name is a nickname. His dad's name is Big Mikey!) Mike is 17 years old and heads to Island Used Motor Cars to see if he can find a used Mazda. He sees a Nissan, which will do just fine. The car is $3,500. He gives the salesperson, Mr. Samuel, a down payment of $500 with the remaining payments to be in instalments of $200 per month. When Mike drives up in the car, his mother rushes out screaming at him to take back the car. He's not spending money on some luxury when he has college to pay for next year. Mikey decides to keep the car for the weekend before he returns it. His mom does not object. Besides, Island Cars is closed until Monday. Saturday night, Mike picks up his girlfriend, Nikkei. On the way to their friend's house, Mikey is rear-ended by a lady on her way to a dinner party. The car is totaled. Monday morning, Mike delivers the car to Island Cars. Mr. Samuel looks at Mikey like he is crazy. Mikey tells him that his mom won't let him keep the car. Mr. Samuel sues Mikey for the balance of the car. Mikey countersues for the deposit. 

What is the result?

Answer rating: 100% (QA)

Deposit for the Car Mikey gave a down payment of 500 for the car Generally when someone gives a down payment or deposit on a purchase it indicates the... View the full answer