Author Question: 17-year-old Robert purchased a car from King that was then destroyed by fire. Robert sued to recover ... (Read 65 times)

shenderson6 · **on:** Jun 24, 2018

17-year-old Robert purchased a car from King that was then destroyed by fire. Robert sued to recover the price of the car. The court would hold that:
a. no contract existed; Robert relied on King to his detriment
b. no contract existed because Robert is too young to enter into a contract; his parents are parties to the contract
c. a contract existed, but Robert was a minor and so could disaffirm the contract and get a full refund
d. a contract existed, but the uneven bargaining positions of the parties allowed the court to render the contract void as in violation of public policy
e. a contract existed that Robert could disaffirm, but he could only collect a refund equal to the value of the car after the fire

Question 2

Unless otherwise stated by contract, the law of partnership presumes which of the following not to be true?
a. each partner has an equal voice in partnership management b. a majority vote controls ordinary business decisions
c. only managing partners are fully responsible for debts of the partnership
d. regardless of the amount invested in the partnership, each partner has an equal vote e. all of the other choices are true