Solved

[Cheap Motorcycle] Jack, an Unpleasant, Disagreeable, Business Law Teacher, Notices

Question 43

Multiple Choice

[Cheap Motorcycle] Jack, an unpleasant, disagreeable, business law teacher, notices that a student, Liam, who is past the age of majority, has a nice motorcycle for sale. Liam has struggled through school, is in his last semester, and needs to pass business law in order to graduate. Jack tells Liam that he would like to see Liam pass and, in the next sentence, says that he wants to buy the motorcycle for $100, a price far below the value of the motorcycle. Liam asks if Jack is serious about the price, and Jack replies, "I have the power here! Take it or leave it!" Jack proceeds to draw up a contract for the sale of the motorcycle for $100 which Liam signs. Liam does some research and finds that Jack has had several arrests for driving under the influence in a nearby town. As an act of revenge, Liam tells Jack that unless Jack sells Liam his new Mustang convertible for $50, he will send a letter about the arrests to the school newspaper. Jack reluctantly agrees to the deal.
-Which statement is true if Jack seeks to rescind the contract for the sale of the Mustang?


A) Jack may rescind the contract on grounds of fraud.
B) Jack may rescind the contract on grounds of misappropriation of name or likeness.
C) Jack may rescind the contract on grounds of duress.
D) Jack may rescind the contract on grounds of defamation.
E) Jack may not rescind the contract because truth is involved.

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