Maya sold her diamond ring to Liz for $1,500 because she had a rent payment to make
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Question:
Maya sold her diamond ring to Liz for $1,500 because she had a rent payment to make and needed the money. The market value of the ring was $2,500. The contract between Maya and Liz:
Group ofanswer choices
is void because Liz did not offer market value forthe ring.
is valid because the amount paid does not affect validity of the contract.
is unenforceable since Maya did not get marketvalue for the ring.
all of the above.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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