AutoSave Off HI Fall 2020 Extra Credit Assignment 1 - Word O Search Kyle Zappulla KZ File Home Insert Design Layout References Mailings Review View Help Share Comments X Corbel 12 AA Aa A E E AL AaBbCcDc AaBbCcDc AaBbci AaBbccc AaB 1 No Spac... Heading 1 Heading 2 Find Sc Replace Select Paste BI Uab x, x? ADA 1 Normal Title Dictate Sensitivity Editor Clipboard F Font Paragraph Styles Editing Voice Sensitivity Editor Question : Answer: Victoria in need of a new car visits the Toyota dealership to check out the new line of 4Runners. Victoria is greeted by Mark, a new Toyota salesperson. After looking at many different choices, Victoria settles on one and asks Mark to hold the vehicle while she attempts to get financing from her credit union. Mark replies that normally they only hold vehicles for customers seeking financing under Toyota Financial Marks agrees to do so for a deposit of $1,000 and with the understanding that Victoria will purchase a vehicle from Mark. Mark further stated that he had to hear from Victoria no later than a week. No other terms were discussed. Victoria gives Mark $1,000 and assures him that she loves his Toyota dealership. Several days later, Victoria is able to obtain financing from her credit union but not for the amount Mark's vehicle costs; however, she learns that there is another 4Runner same year, model and color at another dealership for $3,000 less the asking price which she could afford. Victoria calls Mark within the week and informs Mark that she is no longer interested in his 4Runner and asks for her deposit back. Mark replies that the deposit is nonrefundable. Had she bought a vehicle from his dealership then the deposit would have been applied to the purchase of that new vehicle. Victoria demands her deposit back stating that $1,000 is outrageous and accuses Mark of stealing from her. Select the most appropriate answer: A. Victoria is entitled to her deposit back as she was not able to obtain financing from her credit union - a condition precedent for the purchase of a 4Runner from Mark. B. Victoria is entitled to her deposit back as she would have received it back anyways had she bought a vehicle from Mark. Hence, Mark cannot claim detrimental reliance. C. Victoria is not entitled to her deposit back as the deposit constituted an option contract which Mark fully performed. D. Victoria is not entitled to her deposit back as Victoria did not give Mark the opportunity to meet the other dealership's price. E. Argument: Page 10 of 12 3869 words C Focus 90% Type here to search 6:02 PM 10/21/2020 199 721