bus law

3 15. which of the following types of mistakes will not allow the contract to be rescinded; mistake as to existence of the subject matter b. a. mistake of fact mistake as to value d. mistake causing hardship to one of the parties c. 16. Kent, a l6 year-old, purchased a used car from Mint Motors, Inc. Ten months later, the car was stolen and never recovered. Which of the following statements is ct? a. The car's theft is a de facto ratification of the purchase because it is impossible to returm the car. b. Kent may disaffirm the purchase because Kent is a minor. c. Kent effectively ratified the purchase bcause Kent used the car for an unreasonable period of time. d. Kent may not disaffirm the purchase because Mint, a merchant, is subject to the UCC. 17. Toni Minor purchased an automobile from Majority Motors on September 17. She attained the age of majority on October 5. In the early morning of October 6, she was involved in an accident that destroyed the vehicle, which was not insured. On November 1, she informed Majority Motors that she would make no further payments. If Majority Motors sues, it would a. Lose even if defendant has misrepresented her age b. Win because defendant attempted to avoid the contract only after reaching her majority. c. Lose because disaffirmance is permitted even though the property has been destroyed. ,d. Win because an effective disaffirmance would have required defendant to retum the property or its equivalent. Which of the following is not an element of a contract 18. consideration a writing a. acceptance b. competent parties C. d