1. Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Briantried to return the pool table. He told the seller that he had decided to keep all of theaccessories. Can Brian avoid the contract in this way?

A contract is nothing but the legally binding agreement that states and administers the rights,…

Answered: Brian a 16-year-old, purchased a pool…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Bob went out with his friends to celebrate his birthday. They went to a bar where they drank copious quantities of alcohol. In the morning, Bob had not slept and was still obviously intoxicated. He found his way to a car dealership near his house and entered into a contract to buy a Mercedes Benz SUV for the cost of $140,000.00. The car salesman could smell alcohol on Bob's breath, he noticed his eyes were bloodshot and "glossy" while they were signing the papers relating to the sale, and when Bob left he could see that he was unsteady on his feet. Bob left the dealership and went home and went to bed. He slept for two days. The car salesman from the dealership called Bob 4 days later to tell him that his vehicle was ready for pick up. Bob had no memory of the buying any car. In these circumstances:A. the contract is void ab initio because Bob lacked capacity to contract due to his intoxicationB. Bob can avoid or repudiate the contract within a reasonable time after he regains capacity…
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Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Brian tried to return the pool table. He told the seller that he had decided to keep all of the accessories. Can Brian avoid the contract in this way?