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Question
Beth has just turned 17 years of age. She entered into a contract with ABC Corp. for the purchase of a used car, with full payment due in 30 days. The purchase price was $5,000. This car is necessary for Beth to use as transportation to her job, which she needs in order to pay tuition at the university where she is a freshman. Beth's parents have refused to help her pay for college. Three days later Beth changes her mind; she now wants to return the car because she has learned that it is worth only $4,000. $4,000 is in fact the reasonable value of this car. If Beth does not pay, and the seller sues, the outcome of this lawsuit will be that:
A. Beth must pay $5,000.
B. Beth must pay $4,000.
C. Beth does not have to pay for the car; she is entitled to the remedy of rescission because she is a minor.
D. Beth does not have to pay for the car; she is entitled to the remedy of punitive damages because ABC overcharged her.
Answer
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