Question
Void Contracts Sixteen-year-old Jaideep Verma purchased a car from a used-car dealer by signing a contract of sale. Soon, the car developed mechanical problems, but
Void Contracts
Sixteen-year-old Jaideep Verma purchased a car from a used-car dealer by signing a contract of sale. Soon, the car developed mechanical problems, but Jaideep decided to continue using the car until its engine blew a week later.
Jaideep attempted to return the car and get a refund for the full purchase price.
However, the dealer refused to accept the car, so Jaideep filed a lawsuit against them.
Ultimately, the court ordered the car dealer to compensate Jaideep for the depreciated value of the car, not the purchase price.
Why did the car dealer not have to compensate for the full purchase price?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
