Jean Had Just Received a Promotion and Substantial Raise

question 11

Multiple Choice

Jean had just received a promotion and substantial raise.Jean felt her raise would give her much more spending money,thus she planned to buy a new sports car.Jean felt she did not need to worry about receiving the best price for her old car,which she thought was worth about $3,000.She sold the car for $500.In fact,the car was worth $5,000,and Jean had not taken into account the additional taxes on her extra income.Jean also decided that for a single mother a sports car would not be very practical.Jean wanted to return the $500 to the purchaser and get her car back.Assuming that Jean will return the $500 to the buyer,Jean can:

• A)Get her car back if the buyer knew that Jean should not have planned to get a sports car.
• B)Get her car back if Jean can prove that the buyer knew the car was worth many times what he paid for it.
• C)Not get her car back because the court would not inquire into the difference in the value of the consideration.
• D)Get the car back based solely on the disparity in the price and value.
• E)Not get the car back if the buyer had relied on getting a bargain price,but if the buyer could not prove that,Jean could get the car back.

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