Reference no: EM133681498

Question

Johnny, an amateur sports memorabilia collector, read the following Craigslist ad placed by your store: "Regents Sports Collectibles-the place to come for autographs by world-renown athletes!" Johnny came into your store and spotted a baseball signed "Suzuki-Last Home Run" and asked, "is that the famous Suzuki baseball player from Japan? How much for that ball?" You respond by saying, "considering how good of an athlete Suzuki was, I couldn't take less than $1,000." Believing that the ball was signed by Ichiro Suzuki and was worth at least $3,000, Johnny immediately paid the $1,000 and asked that the ball be delivered to his home to ensure its condition. Three days later, you deliver the ball to his home. A few days later, Johnny contacted an autograph expert to take a look at the ball. The expert analyzed the ball and determined that the autograph was, in fact, that of Yu Suzuki of the Hanshin Tigers, a Japanese league team. The real value of the ball was closer to $700. Johnny's not too happy and knocking at your door wanting his money back and claiming fraud. What are the arguments you should make as to why Johnny is not entitled to receive his money back?