Question

Betty, age 16, buys a car and wrecks it one week later. She takes it back to the seller and demands all her money back. According to the traditional rule, is she entitled to get all her money back? a. Yes, regardless of the condition of the car, because this was a void contract. b. Yes, regardless of the condition of the car, because this was a voidable contract. c. No, she is entitled to no remedy in this situation. d. No, she is entitled to get some money back but less the value of the damage to the car.

Answer 1

Answer:

(A) Yes, regardless of the condition of the car, because this was a voidable contract.

Step-by-step explanation:

Betty bought a car and wrecks it one week later, She took it back to the seller and demands all her money back. According to the traditional rule, she is entitled to get all her money back regardless of the condition of the car, because this was a void contract.

It is impossible to execute a void contract by statute. Void contracts are distinguished from voidable contracts, contracts which can be voided. It is a formal agreement that is effectively illegitimate and unenforceable from the moment it is created.