Question

It’s been a crazy couple days at the car lot. Jerry, a potential customer, had been to the lot four times this week and said he would be coming in today to finally sign a contract on a top model Corvette, but his wife just called and told you that he had a heart attack and died on his way to the dealership. While you were taking the call and dealing with the grieving widow, a teenage boy came in with $5,000 cash and said he wanted the Chevy out front. Still on the phone, you quickly took the cash, had him sign the papers, and gave him the keys. Thinking that the widow would want to move forward with her husband’s agreement, you mail her a sales slip. Still flustered from the phone call, you realize that you still have an elderly lady in the lobby. She has been there for several hours, but still hasn’t made up her mind if she even wants to buy a car. In a previous conversation that you had with her, she said that she shouldn’t be making such large decisions until her dementia subsides. You tell her, "you need to buy car, you’ve been here too long not to buy a car. Here, sign these papers and take these keys." She reluctantly signs the papers, takes the keys, and drives off in the car. Of the contracts you made today, which ones are voidable, void, and enforceable?

Answer 1

Answer:

In the clarification segment below, the definition including its concern is mentioned.

Explanation:

The following definition of a contract is:

"A purchase contract is a legitimate contract. These are meant to sell or purchase goods as well as products services again for purpose of trading a commodity or service. For a negotiated (price) compensation or sum of money received or offered to pay.

"Legally, void requires not contractual."

Voidable becomes a contract or action that is legitimate but may be canceled in the contract by either of several parties.

"A contract constitutionally binding upon the sides being valid and binding."

The following are the most important integration strategy:

• Void: Verbal deal involving Jerry, a prospective buyer who planned to buy a project runway Corvette but expired of a heart condition-Void as when the deal was verbal even though there was no thought or money transfer. Besides, financial agreements and billing information have not yet been developed.
• Voidable: If the boy wishes to break the deal, a contract for a young boy obtaining a Chevy besides $5000 remains voidable because he's under the age of eighteen years, he is not technically permitted to agree as well as the contract becomes voidable.
• Voidable: The circumstance of a lady buying a property (car), and therefore by suggesting that she took too long to make a choice, you forced her to start making decisions. She sells the car and advises you that she has psychosis become voidable if you have influenced her and therefore can sign court papers, although, in this situation, the seller manipulated her to make those decisions and therefore can argue that the seller forced her.