Case$8-$ a case of a minor.

In early April of $1987,$ JE Dodson, then $16$ years of age, purchased a used $1984$ pick$-$up truck from Burns and Mary Shrader. The Shraders owned and operated Shrader's Auto Sales. Dodson paid $$4,900\mathrm{.}00$ in cash for the truck, using money he borrowed from his girl$-$friend's grandmother. At the time of the purchase, there was no inquiry by the Shraders, and no misrepresentation by Mr$.$ Dodson, concerning his minority of age. In December of $1987,$ nine $(9)$ months after date of purchase, the truck began to develop mechanical problems. A mechanic diagnosed the problem as a burnt valve but could not be certain without inspecting the valves inside the engine. Since Mr$.$ Dodson has no money for the repair, he continued to drive the truck despite of its mechanical problem until the truck's engine blew up and became inoperable. Mr$.$ Dodson contacted the Shraders and wants to rescind the purchase contract of the truck and

$2$

requested a full refund. The Shrader refused to accept the tender of the truck or to give Mr$.$ Dodson the refund requested.

Issues: $1)$ Is Mr$.$ Dodson entitled to a full refund of the money he paid? $2)$ Does the seller entitled to offset for the decrease in value of the pick$-$up truck while it was in the possession of the minor against the purchase price? Please state your reasons.