Contract Questions

Can only be of the whole and not a part of the

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Unformatted text preview: Randy, a minor, buys a new four-wheel-drive truck from Jones Ford. Randy sells this truck to his cousin, Steve, who is an adult. Steve conveys this vehicle to Arthur Smith. Arthur does not personally known Steve or Randy. Which of the following expresses the status of this situation? a. Randy may recover the vehicle from Mr. Smith. b. Randy may not recover the vehicle from Mr. Smith. c. Randy may hold Steve liable in tort. d. Randy may recover the reasonable value of the vehicle from Mr. Smith but not the vehicle itself. 373. a. b. c. d. Ratification can come about only by express conduct. can come about through implied conduct only. can only be of the whole and not a part of the contract. none is correct. 374. a. b. c. d. e. Ratification can occur in three ways. They are: through express language. as implied from contract. through failure to make a timely disaffirmance. all of the above. none of the above. 375. Ratification of a contract, once effected, is final and cannot be withdrawn. a. True b. False 376. Robert Briscoe is 17 years old. He lies to Belk Ford about his age, saying he is 1...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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