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Business, 11.11.2019 23:31 ymklay1566

Mike, a minor, bought a car from used car lot for 6,000. two months before he turned 18, the age of majority in his state, mike decided he didn't want the car anymore and returned it to used car lot. mike had put 50,000 miles on the car. applying the law followed by the majority of states, select the statement that best describes mike's rights in these circumstances.
a. mike would be entitled to get back the full 6,000 purchase price. b. mike would get back only the market value of the car when he returned it. c. mike cannot return the car because the excess mileage constituted an act of ownership that ratified the contract. d. mike will be entitled to 6,000 minus the rental value of the car for the months he used it.

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Mike, a minor, bought a car from used car lot for 6,000. two months before he turned 18, the age of...
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