Answer to Question #257099 in Economics for kiddy

Question

Ian Legon paid $100 deposit to Selene Robbins against purchase of her car on the understanding that Selene will keep the offer open for one month while Ian raises the rest of the money. Before the end of the month Selene accepts an ofer of more money for the car than she was originally asking. What is Ian's position? 

Answer 1

Ian's position is to sell the Selene's car to him, as he paid a $100 deposit or return him this deposit.