Question
Jenny Martin, a 16 year old resident of Fayetteville Arkansas, purchased a used automobile from an adult friend for $1,000.She used the car to travel
Jenny Martin, a 16 year old resident of Fayetteville Arkansas, purchased a used automobile from an adult friend for $1,000.She used the car to travel from her parents' home to her part-time job at Wendy's. Two months after her purchase she loaned the car to her brother, who drove into a telephone pole, reducing the fair market value of the car to $200.
Jenny wishes to rescind her purchase of the automobile and recover her $1,000.
A) Rescission will be granted if she returns the wrecked car.
B) Rescission will be granted only if she returns the car and the reasonable value of use of the car for two months.
C) Rescission will be granted only if she returns the car and $800.
D) Rescission is not available because she is emancipated.
E) Rescission is not available because the car was a "necessary."
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