Which of the Following Is True If Peter Seeks to Rescind

question 36

Multiple Choice

Which of the following is true if Peter seeks to rescind the contract for the sale of the motorcycle?

• A) Peter may rescind the contract on grounds of fraud or on grounds of duress.
• B) Peter may rescind the contract on grounds of duress or on grounds of unconscionability.
• C) Peter may rescind the contract on grounds of undue influence or on grounds of duress.
• D) Peter may rescind the contract on the ground that although he is past the age of majority, he is still a student.
• E) Peter may not rescind the contract.

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Definitions:

Judicial System

The system of courts that interprets and applies the law in the name of the state or country.

Implied Warranty

An unwritten guarantee that the product will meet a minimum level of quality implying that it is fit for sale as intended.

Disclaim

To refuse a right or renounce a claim to something, often as a legal declaration.

Fitness for a Particular Purpose

A legal doctrine that implies a seller's promise that the goods sold will suit the specific purpose for which the buyer intends to use them.