Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On September 1, 16-year-old Minor enters into awritten contract with Seller to purchase 1,000 gallons of gasoline at $3 per gallon with delivery set for

image text in transcribed
On September 1, 16-year-old Minor enters into awritten contract with Seller to purchase 1,000 gallons of gasoline at $3 per gallon with delivery set for November 1. On September 1, gasoline sells for $2 a gallon. On October 15, gasoline is selling for $4 a gallon. Seller persuades Minor to rescind the September 1 contract. Minor and Seller enter into a Mutual Rescission Agreement Le. a contract where each party agrees to rescind the September 1 contract. Minor later realizes that it was not in his economic self-interest to rescind the contract and wants to hold Seller to the original contract with the $3 price. May Minor use the incapacity defense to cancel his October 15 rescission? Consider the policy goals of the incapacity defense in formulating your

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

Constitutional Law Cases And Materials

Authors: Jonathan Varat, Vikram Amar, Evan Caminker

16th Edition

1647083613, 978-1647083618

More Books

Students also viewed these Law questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago

Question

1. I try to create an image of the message

Answered: 1 week ago