Kenneth, aged sixteen, sells his car to Robin, aged 49. Later, ...

[karen]

Kenneth, aged sixteen, sells his car to Robin, aged 49. Later, Robin sells the car to Sarah, an innocent third party, before Kenneth can disaffirm the contract. In this case, which of the following will hold true?
 A) Sarah can obtain good title to the property.
 B) Kenneth can recover a portion of the property's value from Sarah.
 C) Kenneth is a minor and thus cannot recover money from Robin.
 D) Robin will still be held as the legal owner of the property.

Question 2

Sam Wilson often goes to the horse races, participates in his state's lottery, and invests heavily in the stock of major U.S. companies. At work, Wilson is approached by his coworkers and asked to participate in a football pool. It's totally based upon skill, his friends claim. In addition, Wilson's philanthropic club is holding a raffle in which an individual could win a new car. Are these activities gambling and therefore illegal activities?

[nguyenhoanhat]

Answer to Question 1

A

Answer to Question 2

Events sanctioned by the federal and state governments are not illegal activities and therefore do not constitute gambling, which is an illegal activity. The horse races, the state lottery, and Wall Street investments are such federally and state-sanctioned activities.
The element of chance is often the pivotal point between activities of skill and activities deemed to be gambling. A football pool would be considered gambling because it is based on luck or chance and the elements of consideration and a prize are present. Participating in a football pool would be an illegal activity. The same illegality can be found in a raffle situation, in which a person can receive a prize by chance after purchasing a raffle ticket. Wilson would be well-advised to decline to participate in either of his recently-encountered gambling opportunities.

[karen]

Great answer, keep it coming

[gcook]

TYSM