Peter,a Minor,purchased a Car from ACME Motors

question 20

Multiple Choice

Peter,a minor,purchased a car from ACME Motors.Using a fake ID,he misrepresented his age to be 18.The contract is fully executed.Which of the following is correct?

• A)Peter cannot disaffirm the contract because a car is a necessary.
• B)Peter cannot disaffirm the contract because of his misrepresentation.
• C)Peter can disaffirm the contract,because a minor must be saved from his own poor judgment,including his lie.
• D)Either b or c may be applicable depending on the law of the jurisdiction in which the contract was formed.

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Definitions:

Third Party

An individual or group not directly involved in a transaction or dispute but who may be affected by its outcome or may play a role in its resolution.

Conflicts

A situation where the interests, needs, goals, or values of involved parties interfere with one another.

Attitudinal Structuring

The process of influencing or changing the attitudes, perceptions, and relationships between parties in negotiation or conflict resolution.

Integrative Negotiations

A negotiation approach aimed at finding mutually beneficial solutions by addressing the underlying interests of all parties involved.