Chuck Olson,aged 17,bought a Used Car from Bobby Duncan on September

question 27

Multiple Choice

Chuck Olson,aged 17,bought a used car from Bobby Duncan on September 15,2006,agreeing to pay Duncan $200 a month for 12 months.On October 6,2006,Olson was involved in an accident that damaged the car.On October 7,2006,Olson told Duncan he wanted to disaffirm the contract for the purchase of the car.Olson attained the age of majority on October 8,2006.If Duncan sues Olson,in most states he will:

• A)win,because Olson did not disaffirm until after reaching the age of majority.
• B)win,because Olson was unable to return the car.
• C)lose,even though Olson cannot return the car.
• D)lose,because Olson did not ratify the contract on the day he attained majority.

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Definitions:

College Graduates

Individuals who have completed a degree program at a college or university.

Quantitative Disciplines

Fields of study that focus on the use of mathematical models and statistical techniques to analyze data and solve problems.

Fallacy Of Composition

This is the logical error of assuming what is true for an individual part is also true for the whole.

Cause And Effect Relationship

A connection between two events where one (the cause) makes the other (the effect) happen.