Question: John is a programmer with a good job and good credit. He purchased an expensive car from a luxury car with dealer financing. Within a

John is a programmer with a good job and good credit. He purchased an expensive car from a luxury car with dealer financing. Within a few months, having lost his job and unable to pay his bills, he regrets his purchase. Which of the following recourses are available to John?

a.Cancellation of the contract based on COVID 19.

b.Cancellation of the contract based on "Lesion";

c.Cancellation of the contract based on "Bankruptcy";

d.Cancellation of the contract based on "Simple Error";

e.Cancellation of the contract based on "Relative Nullity";

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!