Burns and his wife bought a new car from a dealer and financed it through the Manhattan

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Burns and his wife bought a new car from a dealer and financed it through the Manhattan Credit Co. The finance company assured Burns that it would take care of the insurance but in fact did not arrange for enough coverage. A few months after the car was purchased, the car was damaged beyond repair, and the insurance wasn’t enough to cover the damage. Burns and his wife sued to cancel the contract of sale because of the false statements made by the finance company regarding the insurance coverage. Can the sale be legally canceled?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Business Law Principles and Practices

ISBN: 978-1133586562

9th edition

Authors: Arnold J. Goldman, William D. Sigismond

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