Question
Mike enters into a K to purchase a car.He pays Al Adult and receives the car.After possessing the car for 1 year, he finds a
Mike enters into a K to purchase a car.He pays Al Adult and receives the car.After possessing the car for 1 year, he finds a car which he thinks is more impressive.He informs Al of his intent to rescind.Al argues that the price was fair, he did not take advantage of Mike and that since the only reason that Mike wants to rescind is to buy a different car he should not be allowed to rescind.Can Mike rescind?In the above Problem, before Mike informs Al of his intent to disaffirm, he crashes the car into a bridge abutment. He then informs Al of his intent to rescind. Under the majority approach, what must Mike do to disaffirm the K? ("above Problem")
In the above Problem, before Mike informs Al of his intent to disaffirm, he crashes the car into a bridge abutment.He then informs Al of his intent to rescind.Under the majority approach, what must Mike do to disaffirm the K?
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