Jason Agrees to Buy a Computer for $2,000 and Puts

Multiple Choice

Jason agrees to buy a computer for $2,000 and puts $100 down to hold the computer, promising to return in a few days to pay the balance. Jason has an acute case of buyer's remorse and decides he doesn't want the computer. Which of the following is TRUE?

A) The $100 payment is called a deposit in law.
B) Jason has a legal right to the return of the $100 because he cancelled the deal.
C) Jason has a legal right to the return of the $100 because he didn't get the computer.
D) Jason has no legal right to get the $100 back
E) Both A and D