Jean Had Just Received a Promotion and Substantial Raise

Jean had just received a promotion and substantial raise.Jean felt her raise would give her much more spending money,thus she planned to buy a new sports car.Jean felt she did not need to worry about receiving the best price for her old car,which she thought was worth about $3,000.She sold the car for $500.In fact,the car was worth $5,000,and Jean had not taken into account the additional taxes on her extra income.Jean also decided that for a single mother a sports car would not be very practical.Jean wanted to return the $500 to the purchaser and get her car back.Assuming that Jean will return the $500 to the buyer,Jean can:

A) get her car back if the buyer knew that Jean should not have planned to get a sports car
B) get her car back if Jean can prove that the buyer knew the car was worth many times what he paid for it
C) not get her car back because the court would not inquire into the difference in the value of the consideration
D) get the car back based solely on the disparity in the price and value
E) not get the car back if the buyer had relied on getting a bargain price,but if the buyer could not prove that,Jean could get the car back

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free