Question: Please use the IRAC System to answer this question. Identify the legal problem, the appropriate legal principle/rule/concept/standard/law, apply the law, and reach logical conclusion(s). Remember
Please use the IRAC System to answer this question. Identify the legal problem, the appropriate legal principle/rule/concept/standard/law, apply the law, and reach logical conclusion(s). Remember to use a "because" check!!
Eddie Johnson (a/k/a Fast Eddie) wants to buy a new Lamborghini Veneno, one of the most expensive cars in the world. He walks into his local Lamborghini dealer on Friday morning, and tells the salesman he wants to buy the Lamborghini, but only in the color of red for $4.0 Million Dollars. Fast Eddie explains that the Lamborghini needs to be red since its his mother's favorite color. Fast Eddie also advises the salesman he needs to pickup the car the next day (Saturday), by 10AM. Fast Eddie stresses this delivery date since he is leaving at 11AM on a 6 month vacation. The salesman, not wanting to lose the deal, says "sure, no problem, we can have a red Lamborghini Veneno for you Fast Eddie by Saturday morning!." The salesman is elated about the sale, prepares a written contract that expressly outlines the type of vehicle, its color (red), the price of $4.0 Million Dollars, the delivery date of Saturday by 10AM, and the other material terms of the contract. The parties sign the contract, and have a valid binding contract. Fast Eddie pays the dealer the $4.0 Million Dollars and tells the salesman he will be back on Saturday at 10AM to pick it up. They shake hands and Fast Eddie heads out the door.
Fast Eddie shows up the next day (Saturday), ready to pickup his brand new Lamborghini. As he walks in to the dealership, he sees the salesman - but no car! The salesman explains that the car will be at the dealer at 11:30AM - they had to get one shipped from another dealer. Fast Eddie is mad . . very mad - he yells at the salesman and exclaims that the deal was the car would be ready to be picked up by 10AM. The salesman tries to settle Fast Eddie down, and in the process the salesman also explains that they could not get a red Lamborghini, only a blue one. Fast Eddie starts yelling again and demands his money back - the salesman does not want to give Fast Eddie his money back because this is a huge deal for him . . . but Fast Eddie continues to yell and scream that he wants his $4.0 Million Dollars back and that the dealer breached their contract by not delivering it on time and not having the correct color.
Can Fast Eddie get his money back? Explain what options Fast Eddie has in this situation?
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