Team B - WK 4 - David Trejo's part

Team B - WK 4 - David Trejo's part - (CASE) At the end of...

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Unformatted text preview: (CASE) At the end of the summer, Jeremy Atwater earned enough money to put a down payment on a car. He decides to continue working part-time during school to earn money for the car payments. Jeremy purchased a car from Smooth Sales Used Cars. Smooth did not ask Jeremy how old he was; the salesman assumed he reached the age of majority. Jeremy paid the down payment and signed a contract stating that he would make payments of $200 each month. Six months later, Jeremy lost his job and could no longer make the payments. Jeremy took the car to Smooth and said he wanted to cancel the contract, and that he wanted his money back. What are the possible outcomes? Compare and contrast potential legal and equitable remedies. The infancy doctrine is allows minors to cancel most contractual obligations, as in a car purchase entered into with adults (Cheeseman, 2010). The capacity to contract law presumes that the parties in the contract have the contractual capacity to enter into the contract (Cheeseman,...
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This note was uploaded on 04/07/2011 for the course BUS 415 taught by Professor R.gomez during the Spring '11 term at DeVry Long Beach.

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