MrWhite Enters into a Contract to Sell a Car to Joe

question 34

Multiple Choice

Mr.White enters into a contract to sell a car to Joe Jr.who is 15 years old and is considered a minor in the state where he lives.What is the status of the contract that Mr.White and Joe Jr.entered into?

• A)The contract is voidable and enforceable until Joe Jr.cancels it.
• B)The contract is void and unenforceable.
• C)The contract is enforceable and valid.
• D)If the contract is registered with the Secretary of State's office it will become enforceable.

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Definitions:

Satisfaction

The feeling of pleasure or contentment arising from meeting one's needs or expectations.

Rational Choice

A theory in economics that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Costs and Benefits

An analysis approach that compares the total costs and total benefits associated with a particular action or decision to determine its feasibility or worth.

Predictable Ways

Methods or patterns that can be anticipated or expected based on previous observations or known properties.