Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Completion Status: Disaffirmance may be express, but it may not be implied. True False QUESTION 8 Kris, age 17, who looks 18 or older, makes

Completion Status: Disaffirmance may be express, but it may not be implied. True False QUESTION 8 Kris, age 17, who looks 18 or older, makes a contract to buy a car from Maisie, an adult. Maisie finds out Kris's age. Maisie may avoid the contract even if Kris did not misrepresent her age. True False QUESTION 9 Percy, age 17, purchased a used mobile home from a mobile home dealer for $20,000. This price, however, was twice the reasonable value of the mobile home. One month later, Percy wishes to disaffirm the contract. If the mobile home is considered a necessary, then: a. Percy must keep the mobile home and abide by the original terms of the contract. b. Percy can disaffirm the contract based on the wrongful act of the dealer. c. Percy may keep the mobile home but is only liable for the reasonable value of the mobile home. d. Percy can disaffirm the contract because the minor can live in an apartment rather than a mobile homeimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction Accounting And Financial Management

Authors: Steven J. Peterson

4th Edition

0135232872, 978-0135232873

More Books

Students also viewed these Accounting questions