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

Exercise 3

The Home Savings and Loan Association loaned Haith money to refinance her mortgage and remodel her home. Haith was later adjudicated incompetent and a guardian was appointed for her. The guardian sought to have the loan set aside on the basis of Haith's incompetency despite the fact that Haith could not return what she had received. Will the guardian succeed? 10. A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who sold it did not know the store owner, who was gone at the time of the sale, meant it to be sold for $1,200. Can the owner get the card back because of the minor's lack of capacity? Why