Asked by Rayna Kordonowy on Jun 18, 2024
Verified
Al sells gravel to Bob on credit, and Bob sells it to Chuck, an innocent purchaser. Then Bob runs away with the money, without paying Al. Who will get the gravel if the court holds that the contract between Al and Bob was "void"?
A) Al
B) Bob
C) Chuck
D) Al and Bob
E) Bob and Chuck
Void
A term describing a contract or legal agreement that is invalid or unenforceable from the outset, having no legal effect.
Contract
A legally enforceable pact made between two or more entities, recognized by law.
Gravel
Loose rock fragments and pebbles, often used in construction for making concrete, roads, and landscaping, or as a surface material for driveways and pathways.
- Comprehend the differences between void and voidable contracts.
Verified Answer
KS
Krystal ScrivensJun 20, 2024
Final Answer :
A
Explanation :
If the contract between Al and Bob is deemed "void" by the court, it means that legally, the contract is treated as if it never existed. Therefore, Al retains ownership of the gravel, as the transfer of ownership to Bob (and subsequently to Chuck) is invalidated.
Learning Objectives
- Comprehend the differences between void and voidable contracts.