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9 June, 02:03

Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return the car. d. enforceable since it is for a necessary. e. none of the above

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  1. 9 June, 02:16
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    The correct answer is letter "A": voidable.

    Explanation:

    Voidable contracts are those that cannot be enforced because one or the two parties involved are not legally eligible to go on in such an agreement. Reasons to void a contract include but are not limited to failure to disclose material facts, legal incapacity to enter a contract or inconsistent contractual terms.

    Thus, Bob's contract to purchase a car is voidable since he is legally incapable of signing agreements due to his age (17 years old).
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Home » Business » Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return the car. d. enforceable since it is for a necessary. e. none of the above
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