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Drug addiction and mental exhaustion

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Reference no: EM132350079

Suppose you are down at the marina cleaning your pleasure cruising boat. The captain of the boat next door has a friend on board who can't stop complimenting your boat. The captain's friend offers to pay you $75,000 for your boat if he can take possession this week. You've had the boat for a while, and you yourself bought it used. Recently when you were considering an upgrade, a dealer offered you $50,000 in trade-in value on your boat. You decide to accept the next-door captain's friend's $75,000 offer. The two of you go down to his lawyer's office and the two of you sign a contract agreeing that you will hand over your boat and the captain's friend will wire $75,000 to your bank account within one business day. However, a week goes by and you still do not have your money. You try to track the buyer down, but you find out from the next-door captain that he, the captain, was surprised to learn his friend is currently in a rehab facility for serious drug addiction and mental exhaustion. Given that you have a written contract, do you think you would be able to get the $75,000 in this situation?

Reference no: EM132350079

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