Annie Leonard buys a computer from Technicon Co. for $2,000 on terms. Annie puts $100 down as a deposit, promising to return in a week with the balance and pick it up. She decides not to complete the deal. Technicon's profit on a computer sale is $1,000. What happens now?
A)Annie can get her deposit back.
B)Technicon can keep the deposit but cannot sue Annie for the loss of profit.
C)Technicon can keep the deposit and sue Annie for $1,000.
D)Technicon must refund the deposit but then can sue Annie for the loss of profit.
E)Technicon can keep the deposit, deliver the computer to Annie, and sue her for $2,000.

Question

Quizplus · Accepted Answer

The Answer of Annie Leonard buys a computer from Technicon Co. for $2,000 on terms. Annie puts $100 down as a deposit, promising to return in a week with the balance and pick it up. She decides not to complete the deal. Technicon's profit on a computer sale is $1,000. What happens now?
A)Annie can get her deposit back.
B)Technicon can keep the deposit but cannot sue Annie for the loss of profit.
C)Technicon can keep the deposit and sue Annie for $1,000.
D)Technicon must refund the deposit but then can sue Annie for the loss of profit.
E)Technicon can keep the deposit, deliver the computer to Annie, and sue her for $2,000.

Annie Leonard Buys a Computer from Technicon Co