Law for Business 12th Edition by James Barnes,Terry Dworkin,Eric Richards

Exercise 8

Dodson, 16, bought a truck for $4,900 in cash from Shrader. After driving it for nine months, he took it to a mechanic to check out a problem and was told there was a burned valve in the engine. Dodson drove the truck for two more months without repairs, until the engine "blew up." Later, the inoperable truck was struck while parked and damaged further. Dodson tendered the truck to Shrader and demanded his $4,900 back. Shrader refused to return the money without being paid the difference between the value of the truck as tendered, which was $500, and the $4,900. Must Dodson put Shrader in status quo?