Beth has just turned 17 years of age.She entered into a contract with ABC Corp.for the purchase of a used car,with full payment due in 30 days.The purchase price was $5,000.This car is necessary for Beth to use as transportation to her job,which she needs in order to pay tuition at the university where she is a freshman.Beth's parents have refused to help her pay for college.Three days later Beth changes her mind;she now wants to return the car because she has learned that it is worth only $4,000.$4,000 is in fact the reasonable value of this car.If Beth does not pay,and the seller sues,the outcome of this lawsuit will be that:
A) Beth must pay $5,000.
B) Beth must pay $4,000.
C) Beth does not have to pay for the car;she is entitled to the remedy of rescission because she is a minor.
D) Beth does not have to pay for the car;she is entitled to the remedy of punitive damages because ABC overcharged her.
Correct Answer:
Verified
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