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Tim, aged 17, purchased an automobile from Dan, an adult, for $9,000 giving Dan $3,000 cash and agreeing to pay the balance in 12 equal
Tim, aged 17, purchased an automobile from Dan, an adult, for $9,000 giving Dan $3,000 cash and agreeing to pay the balance in 12 equal monthly installments.On his 18th birthday, and before making any installment payments, Tim disaffirmed the contract and returned the automobile to Dan demanding the return of his $3,000.Due to Tim's abuse of it, the automobile is now worth only $5,000. Tim is entitled to recover from Dan:
a)$3,000
b)$2,000
c)nothing
nothing and Dan may recover from Tim $1,000
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