Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fredo sold his car to Carlo for $ 4 , 0 0 0 . The car's actual value is approximately $ 1 0 , 0
Fredo sold his car to Carlo for $ The car's actual value is approximately $ In retrospect, Fredo is upset with the deal. Can Fredo either get his car back from Carlo or recover from him the monetary difference $ accounting for the car's actual value?
Yes, since this is obviously a bad bargain
No because the difference between the contract price for the car and the car's actual value, $ does not exceed the $ amount required for a remedy pursuant to Article of the Uniform Commercial Code UCC
Yes, but Fredo can only get his car back from Carlo; he cannot recover the monetary difference $ representing the car's actual value
No this is simply a bad bargain on Fredo's part
Yes, but Fredo can only recover from Carlo the monetary difference $ accounting for the car's actual value; he cannot get his car back
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started