Percy, Age 17, Purchased a Used Mobile Home from a Mobile

question 3

Multiple Choice

Percy, age 17, purchased a used mobile home from a mobile home dealer for $20,000.This price, however, is twice the reasonable value of that mobile home.One month later, Percy wishes to disaffirm the contract.If the mobile home is considered a necessary, then:

• A)Percy can disaffirm the contract based on the wrongful act of the dealer.
• B)Percy can disaffirm the contract because the minor can live in an apartment rather than a mobile home.
• C)Percy must keep the mobile home but is only liable for the reasonable value of the mobile home.
• D)Percy must keep the mobile home and abide by the original terms of the contract.

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Definitions:

Elwood Holton

An influential figure in the field of adult education, known for contributions to theories regarding the transfer of learning and human resource development.

Implications

The possible effects or consequences that may result from a particular action or decision.

Transfer of Training

The successful transfer of abilities, understanding, or actions acquired in one situation to a different situation.

Affective Reaction

The emotional response or feelings of an individual toward a particular experience, event, or change, which can significantly influence motivation and behavior.