
Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
Edition 16ISBN: 978-1285428253
Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
Edition 16ISBN: 978-1285428253 Exercise 4
Joseph Eugene Dodson, age sixteen, purchased a used pickup truck from Burns and Mary Shrader. The Shraders owned and operated Shrader's Auto Sales. Dodson paid $14,900 in cash for the truck. At the time of sale, the Shraders did not question Dodson's age, but thought he was eighteen or nineteen. Dodson made no misrepresentation concerning his age. Nine months after the date of purchase, the truck began t odevelop mechanical problems. A mechanic diagnosed the problem as a burnt valve but could not be certain. Dodson, who could not afford the repairs, continued to drive the truck until one month later, when the engine "blew up." Dodson parked the vehicle in the front yard of his parents' home and contacted the Shraders to rescind the purchase of the truck and to request a full refund.
a. What arguments would support Dodson's termination of the contract?
b. What arguments would support Shrader's position that the contract is not voidable?
c. Which side should prevail? Explain.?
a. What arguments would support Dodson's termination of the contract?
b. What arguments would support Shrader's position that the contract is not voidable?
c. Which side should prevail? Explain.?
Explanation
There are various arguments that would s...
Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
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