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

question 18

Multiple Choice

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

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

Understand the requirements for a seller or lessor when goods are defective or nonconforming.

Know the conditions under which limitations of damages for buyers or lessees might be unconscionable.

Recognize the necessity of commencing an action for breach of contract within a specific time frame under the UCC.

Comprehend how damages are calculated in cases of non-delivery or non-payment in sales contracts.

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Definitions:

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Schizophrenia

A chronic and severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Desensitization

A psychological process that reduces the emotional response to a stimulus after repeated exposure to it.

Behavioral Contracting

A therapy technique where an agreement is made between a client and a therapist, outlining behaviors to change and the consequences of actions.