Two individuals meet up because one is selling another an iPad through craigslist for $400. The seller and the buyer exchange the money for the iPad and the seller begins to count the cash. The buyer then says, no need to count the money, he had just withdrawn the money and the correct amount is there so the seller proceeds to put the money in his wallet. Later on when making another purchase the seller notices that two plastic $100 dollar bills where stuck together. Should the seller return the $100 dollar bill? Who is responsible to the $100 loss to the buyer? Is it the banks responsibility to give make up for the lost $100? Does the fact that the buyer confirmed the amount of money assure that it was an honest mistake or give the buyer reason to keep the money?
Answer:
The question is a little unclear.
If the buyer gave a bad bill, he has not paid the full amount, and the buyer must complete the purchase fee ($400).
After noting the bad bill, the seller should go back to the buyer and demand he replace it with a good bill.
If there is doubt as to where the bad bill came from (the seller doesn’t know if the bill is his or if he received it from the buyer), the question becomes more complex, but as presented there is no doubt in the matter.
Best wishes.
