Discuss and describe whether betty get out of this contract

Assignment Help Cost Accounting

Reference no: EM135620 , Length: word count:300

Betty is a 12 year old girl. Betty has a doll collection worth about $100. One problem: Betty hates dolls, but she likes baseball. Betty visited the local sporting goods store almost every week. She had been eying this new bat, and glove. But she didn't have any money. Betty presented the owner her doll collection. The deal was struck: The next day Betty loaded up her cart with the dolls, hitched it to the back of her bike and brought the dolls to the sporting goods store. The owner provided her the bat, ball and glove, which, in all, were worth about $100. When Betty' father found out about the transaction, he was furious.

a. Discuss and describe whether Betty get out of this contract? You must examine each element of a valid contract in your discussion along with any exceptions.

b. Suppose that Betty traded the dolls for shoes and clothes, because hers were worn out and her father lost her job and couldn't afford to purchase them for her. Discuss and describe whether Betty can get out of the contract in these circumstances. You must examine each element of a valid contract in your discussion along with any exceptions.

Each question must be answered in a minimum of 300 words;

Must cite sources according to proper APA formatting guidelines.

Reference no: EM135620

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