Sally and Jeff are both minors.Sally buys Jeff's motorcycle for $1,000,its reasonable value.Jeff spends $700 of this money.Later,Sally wrecks the motorcycle and it is a total loss.Sally wants her money back.Which of the following best describes this situation?
A) Because Sally and Jeff are both minors,the contract is valid and fully enforceable.
B) If Sally voids the contract,she must give Jeff back the wrecked motorcycle and $1,000.
C) If Sally voids the contract,she must give Jeff only the wrecked motorcycle.
D) The court will determine the relative sophistication of Jeff and Sally,and the one with the lesser sophistication will be allowed to void the contract.
E) If Sally voids the contract,Jeff must return to her the entire $1,000.
Correct Answer:
Verified
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