Graham,an Adult,purchases a Car from a Minor,and Subsequently Sells It

question 43

Multiple Choice

Graham,an adult,purchases a car from a minor,and subsequently sells it to Harlow,another adult.Harlow paid full value for the car and had no reason to know that Graham had purchased the car from a minor.Which of the following best describes this situation?

• A) Graham had good title and Harlow gets good title.
• B) Graham had good title and Harlow gets a voidable title.
• C) Graham had voidable title and Harlow gets good title.
• D) Graham had void title and Harlow gets void title.

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining anticipated revenues and expenses for a certain period.

Planning Budget

A financial plan created for a specific period in the future, outlining expected revenues, expenses, and resource allocations.

Wells Serviced

The number of oil or gas wells that have undergone maintenance, repair, or other services by a company.

Revenue Variance

The difference between the actual revenue earned and the expected or budgeted revenue.