Asked by
Sagar Ganjani
on Dec 20, 2024
Verified
Cornelio purchases an SUV from Barron Auto Sales. Cornelio is only 17 years of age. He wrecks the vehicle while off-roading and attempts to disaffirm the contract and have Barron repay him all that he has paid. In the majority of jurisdictions, Cornelio :
A) would be out of luck.
B) must have the SUV repaired.
C) will receive his money less the depreciation in value of the vehicle.
D) may simply return the vehicle and get his money.
Depreciation
The reduction in the value of an asset over time, particularly due to wear and tear.
- Understand the authority of minors to revoke agreements and appreciate the particular instances when revocation is lawful.
- Discern between vital and non-vital goods and services within contracts involving underage individuals.
Verified Answer
LC
Learning Objectives
- Understand the authority of minors to revoke agreements and appreciate the particular instances when revocation is lawful.
- Discern between vital and non-vital goods and services within contracts involving underage individuals.