Alice, age 17, purchased a 2005 Kia auto at the Tempe Autoplex. After drivingthe vehicle for three months, Alice returned to the Autoplex for her money. She did not, however, have the Kia. "It was stolen at school last week." Whichof the following statements is true? a. Alice may not rescind the agreement. b. Alice may rescind the agreement only if the stolen Kia is found. c. Alice may rescind the agreement regardless of whether she has the car. d. none of the above

Answer:The answer is c Alice may rescind the agreement regardless of whether she has the car.

Explanation:

A contract is an agreement between two parties which is recognized by the court of law and which can be made enforceable by the court of law. In a contract, there is a certain essential elements of a valid contract which are offer, acceptance, consideration, legality, capacity, and so on. In the case of Alice, she was 17 as of the time of entering into a contract of purchasing the car from Tempe Autoplex. under the law, Alice is not capable of entering into the contract for the purchase of the Kia auto as at the time of purchase due to her age. She was not of legal age to enter into contract except for the contract for the purchase of necessity. The law states that, any contract enter into with a minor is null and void. Therefore, in the case under review, Alice may rescind the agreement regardless of whether she has the car.

b. Alice may rescind the agreement only if the stolen Kia is found.

Explanation:

At the moment, Alice may not rescind the agreement as the car in question is not available or in her possession. As long as the car is in her possession, she can rescind the agreement. An agreement can be rescinded if the goods are still in the possession of the owner.