Solved

A Year Ago, James Sold a Motor Bike to Jim

Question 14

Multiple Choice

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 Jim to ratify the agreement.
C) Provide Jim with a statement of account.
D) Enter into another agreement with Jim.
E) Get a witness to witness the next payment that Jim makes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents