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.

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Definitions:

Personality Development

The growth and maturation of an individual's personality traits and personal identity over time.

Extraversion

A characteristic of personality defined by being outgoing, expressive, assertive, and displaying high emotional expressiveness.

Extraversion

A personality trait characterized by outgoingness, high energy, and engagement with the external world.

Interpersonal Relationships

The connections and interactions between two or more people, which may involve emotional, social, and professional aspects.