Ajay Entered into a Contract to Buy a Used Car

question 51

Multiple Choice

Ajay entered into a contract to buy a used car from a dealership for $10,000.Upon doing further research,he has now discovered the car is actually only worth $9,000.Which of the following best describes Ajay's legal position?

• A) The contract is binding as Ajay was expected to take care of his own interests.
• B) The contract is not binding because it is not a fair price for the car.
• C) The contract is binding because both parties had equal bargaining power.
• D) The contract is not binding because the dealership has committed fraud.

Recognize the significance of entrepreneurship in technological innovation and economic development.

Comprehend the role and function of strategic thinking and risk-taking in entrepreneurship.

Understand the financing options available to entrepreneurs, including the differences between debt and equity financing.

Recognize the challenges and strategies related to establishing a new business, including business planning and leadership transition planning.

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Definitions:

Racial Hate Killers

Individuals who commit murder motivated by racial hatred or bias.

Media Glamorization

The process by which media outlets accentuate the attractive aspects of something, particularly crime, violence, or celebrity lifestyles, often leading to distorted perceptions or glamorized views.

Culture of Violence

Refers to a social framework where violence is viewed as an acceptable way to resolve conflicts and is seen as a normal aspect of life.

Victim Availability

The presence or accessibility of individuals who can be targeted for criminal acts.