
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 2
Unless otherwise stated, assume that the age of majority is 18 in all problems in this section.
Kimble, a 17-year-old minor, sold his new iPod to Taymes, an adult, for $150 because he needed money. Taymes, in turn, sold the iPod to Dressler, also an adult, for $175. A month after the sale of the iPod to Taymes, Kimble demanded to re-buy it from Taymes. Having learned of the sale to Dressler, Kimble then demanded the return of the iPod from him (Dressler), offering to pay $175. Is Dressler obligated to sell the iPod back to Kimble?
Kimble, a 17-year-old minor, sold his new iPod to Taymes, an adult, for $150 because he needed money. Taymes, in turn, sold the iPod to Dressler, also an adult, for $175. A month after the sale of the iPod to Taymes, Kimble demanded to re-buy it from Taymes. Having learned of the sale to Dressler, Kimble then demanded the return of the iPod from him (Dressler), offering to pay $175. Is Dressler obligated to sell the iPod back to Kimble?
Explanation
Issue:
Sale by a minor to an adult who ...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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