Beth Has Just Turned 17 Years of Age

question 79

Multiple Choice

Beth has just turned 17 years of age.She entered into a contract with ABC Corp.for the purchase of a used car,with full payment of $5,000 due in 30 days.This car is necessary for Beth to use as transportation to her job,which she needs in order to pay tuition at the university where she is a freshman.Beth's parents have refused to help her pay for college.Three days later,Beth changes her mind;she now wants to return the car because she has learned that it is worth only $4,000,which is in fact the reasonable value of this car.Assuming the car is legally classified as a "necessary" and Beth does not pay,and ABC Corp.sues,the outcome of this lawsuit will be that:

• A)Beth must pay $5,000.
• B)Beth must pay $4,000.
• C)Beth does not have to pay for the car;she is entitled to the remedy of rescission because she is a minor.
• D)Beth does not have to pay for the car;she is entitled to the remedy of punitive damages because ABC overcharged her.

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Definitions:

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; often seen as a chance for progress or advancement.

Personal Loss

The experience of losing something significant in one's life, such as a loved one, relationship, or job, which can lead to emotional distress.

Emotional Standstill

A condition or period where an individual experiences a lack of emotional growth, change, or development.

Denial

A defense mechanism in which confrontation with a reality or fact is avoided by denying the existence of the problem or reality itself.