Angered, Brian calls off his deal with Billy and renames Eric as chairman to the company. Billy grows distraught and reverts to his previous carefree lifestyle. Veronica motivates him to return to school, while his grade school classmates convince Max to retract his bribery accusations, infuriating Eric. Brian agrees to give Billy another chance but Eric cites that Billy failed the challenge by not finishing ninth grade within two weeks. He then threatens to sue Brian if he does not pass the company onto him. Billy intervenes and challenges Eric to an academic decathlon to finally settle their feud with the winner getting to take over Madison Hotels.