Question

For his 17th birthday, Asher bought himself a used car from a car dealer for $10,000. The dealer purchased it for $6,000, repaired it, and then sold it to Asher. Eighteen months later, Asher has almost finished paying off the car when he totals it by accidentally driving it into his neighbor's swimming pool. Asher's mother is a lawyer and tells him to rescind the contract. Will Asher be able to recover any money from the dealer?

a. yes, because he was a minor when he entered into the contract.
b. no, because he is no longer a minor.
c. no, because he ratified the contract.
d. yes, but the amount he receives back will depend if his state follows the status quo rule.

Answer 1

No, because he ratified the contract.

Step-by-step explanation:

To ratify a document means to confirm the deal by expressing consent or formal sanction.

Asher will not be able to recover any money from the dealer because he ratified the contract.

Now the car belongs to Asher and he has to face all the consequences.

He can't expect the dealer to share this loss with him.