A year ago,James sold a motor bike to Jim,his best friend.At the time that the bike was sold,Jim was a minor.Jim is still making payments to James.Jim will be attaining the age of majority in a few months' time.How should James protect himself?
A) Have Jim transfer the bike to a third party.
B) Get a witness to witness the next payment that Jim makes.
C) Enter into another agreement with Jim.
D) Get Jim to ratify the agreement.
E) Provide Jim with a statement of account.
Correct Answer:
Verified
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