Chuck Olson, Age 16, Buys a Used Car from Bobby

question 5

Multiple Choice

Chuck Olson, age 16, buys a used car from Bobby Duncan Used Cars Center on September 15, 2006. Olson agrees to pay $200 a month for 12 months. A month after the purchase, Olson is involved in an accident that wrecks the car. He immediately calls Duncan Cars and informs them that he is disaffirming the contract. According to traditional common laws, which of the following is most likely to be true?

• A) Olson does not have a duty to place Duncan in status quo ante.
• B) Olson can ask Duncan to pay for the damages as he hasn't made the full payment for the car.
• C) Olson has to pay for the damages and then return the car to Duncan.
• D) Olson can successfully press charges and force Duncan to take care of the damages caused to the car.

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Definitions:

Simplicity

The quality of being easily understood or executed without complexity.

Starting Point

The initial position, condition, or phase from which a process, project, or calculation begins.

Static Method

A method in programming that belongs to the class rather than any object of the class and can be called without creating an instance of the class.

Forecasting

The process of making predictions based on past and present data and analysis of trends, often used in planning inventory, sales, and other business operations.