Asked by Camryn Bergeron on May 12, 2024
Verified
Betty,age 16,buys a car and wrecks it one week later.She takes it back to the seller and demands all of her money back.According to the traditional rule,is she entitled to get all of her money back?
A) Yes,regardless of the condition of the car,because this was a void contract.
B) Yes,regardless of the condition of the car,because this was a voidable contract.
C) No,she is entitled to no remedy in this situation.
D) No,she is entitled to get some money back but less the value of the damage to the car.
Traditional Rule
A principle or doctrine that has been established through historical usage and has become widely accepted and practiced.
Voidable Contract
A legal agreement that remains valid until one party, who is entitled to do so under the law, chooses to void or nullify the contract.
- Acquire knowledge about the special provisions made for young individuals under contract law.
- Comprehend the responsibilities and restrictions involved in agreements entered into by individuals under the age of majority.
Verified Answer
AH
Angelica HernandezMay 15, 2024
Final Answer :
B
Explanation :
Under the traditional rule,the minor is not under any obligation to pay restitution for damaged consideration.Therefore,Betty is entitled to get all of her money back from the seller.
Learning Objectives
- Acquire knowledge about the special provisions made for young individuals under contract law.
- Comprehend the responsibilities and restrictions involved in agreements entered into by individuals under the age of majority.
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