Scott, a Minor, Sells His Digital Camera to Hadley, Who

question 70

Multiple Choice

Scott, a minor, sells his digital camera to Hadley, who then sells it to Sherry.Under these circumstances:

• A) if Sherry is a good faith purchaser for value and she buys the camera before Scott elects to rescind, no rescission is permitted.
• B) if Scott wants to rescind the transaction after the sale to Sherry, a good-faith purchaser for value, he has no remedy or recourse.
• C) Hadley and Sherry both received a voidable title regardless of whether they contracted in good faith.
• D) Scott retains the power of avoidance of the contract, since he is a minor, even after the property is sold to Sherry.

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Definitions:

Stability Strategy

A business approach aimed at maintaining the current status quo in terms of growth rate, revenues, and operational scale, often used in predictable environments.

Maintain Current Operations

The ongoing efforts to keep a business's regular activities running smoothly and efficiently.

Multidomestic Strategy

A strategy used by companies that involves customizing products and marketing strategies to specific national conditions to gain local market share.

Market Diversity

The variety and heterogeneity of products, services, consumers, and entities within a market, enhancing competition and innovation.