SE *could* conceivably sue the person doing the charge back. Odds are they won't, as it won't be worth the time trying to convince the cops that it's worth their time. But it could happen.
No they can't, as long as he does it before the 27th he's in the clear. If they won't offer him a refund on his pre-order (Not the released game) he's well within his rights to do a chargeback.
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