Maria Has Just Sat Down and Is Ready to Take

Essay

Maria has just sat down and is ready to take her last final exam before graduating. Just before the tests are distributed, she discovers that all three pens that she brought are out of ink. She turns to Mike, a classmate, and asks to borrow a pen. Recognizing her predicament, he says, "No, I won't lend you a pen, but I'll sell you this Bic ballpoint pen for $100." Recognizing that she has no alternative, she gives him the money. A Bic pen is worth about 10 cents. Afterward she demands a return of her cash and offers to return the pen. Mike laughs and says, "No, a deal's a deal." How would the courts look at this "deal"?