Asked by
Jigyasa Gupta
on Nov 23, 2024Verified
Drew, a five-year-old boy, saved his allowance to buy his mother a present for her birthday. After a talk with his father, Drew discovered that the present was on sale and he would not have to use all of his allowance. When Drew returned home, his father learned that he had been charged the full price for the gift. When his father confronted the store owner, he refused to refund the sale. At the father's request pursuant to the contractual Right of Repudiation, the store owner must refund the sale, thus voiding the contract.
Repudiation
The refusal to acknowledge or pay a debt or fulfill a contract or agreement.
Contractual Right
A legally enforceable claim that arises out of a contract, allowing a party to demand performance or compensation if the contract terms are not met by the other party.
Voiding
The act of declaring something null and void, thereby removing its legal force or effect.
- Determine the legal ramifications of contract violations.
Verified Answer
MV
Learning Objectives
- Determine the legal ramifications of contract violations.