Foy, a Minor, Misrepresents His Age When Entering into a Contract

question 48

Multiple Choice

Foy, a minor, misrepresents his age when entering into a contract to buy a car from Gas Hogs Inc. Foy takes possession of the car, but makes no payments on the contract and tries to disaffirm it. Most likely, Gas Hogs can recover

• A)an amount equal to the wholesale value of the car.
• B)the car, but not any of the balance due on the contract.
• C)the balance due on the contract.
• D)nothing.

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Definitions:

Used Shotgun

A pre-owned firearm designed to shoot a number of small diameter pellets, which has been previously owned or utilized by someone else.

Breach of Contract

Breaching any terms and conditions that were mutually agreed upon in a legally enforceable agreement.

Time Limit

A specific duration within which a task must be completed or a condition must be met.