Lalene agreed to purchase a specific vehicle from Ritooria Motors. Under the terms of that contract, Lalene immediately provided a cheque for $10 000 and promised to pay another $15 000 within one year. Ritooria promised to prepare the car for delivery within one week (for example, by installing a CD player and adding new tires) and to call Lalene when the work was done. Ritooria cashed the cheque the next day and prepared the car as promised within one week. Shortly before it contacted Lalene, however, the car was struck by lightning and completely destroyed. Unfortunately, neither party had insurance on the car. Ritooria insists that it is still entitled to receive another $15 000 from Lalene. She, in contrast, insists that she is entitled to a refund of the $10 000 that she previously paid. Which party is probably correct? Explain your answer.

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The Answer of Lalene agreed to purchase a specific vehicle from Ritooria Motors. Under the terms of that contract, Lalene immediately provided a cheque for $10 000 and promised to pay another $15 000 within one year. Ritooria promised to prepare the car for delivery within one week (for example, by installing a CD player and adding new tires) and to call Lalene when the work was done. Ritooria cashed the cheque the next day and prepared the car as promised within one week. Shortly before it contacted Lalene, however, the car was struck by lightning and completely destroyed. Unfortunately, neither party had insurance on the car. Ritooria insists that it is still entitled to receive another $15 000 from Lalene. She, in contrast, insists that she is entitled to a refund of the $10 000 that she previously paid. Which party is probably correct? Explain your answer.

Lalene Agreed to Purchase a Specific Vehicle from Ritooria Motors