Clay, a minor, signs a contract to buy a car from Delta Motors by misrepresenting his age as twenty-one. Clay fails to make the payments. Delta sues. In most states, Clay can
A. not return the car nor avoid further liability
B. not return the car but can avoid further liability
C. return the car and avoid further liability
D. return the car but cannot avoid further liability
Answer: C. return the car and avoid further liability
Business
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There is no right of redemption following
a. a strict foreclosure. b. a trustee's sale. c. a judicial foreclosure. d. a mortgage foreclosure.
Business
Research has shown that small firms that mixed efficiency (low-cost) and flexibility (differentiation) strategies significantly outperformed those firms that utilized one or the other
Indicate whether the statement is true or false
Business