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How bob could structure this deal to make it work

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Reference no: EM131094332

Phil Fuller is 17 years old. Phil wants to buy a Corvette automobile. The price of the Corvette is 52000 dollars. Phil works as a cash register operator at McDonalds. Phil earns 8 dollars per hour. Phil works 25 hours per week.Bob Ferapples is a Corvette Dealer. Phil went to Bob's dealership and informed Bob of Phil's desire to buy a new Corvette. Using relevant material as presented in the text, advise Bob how Bob could structure this deal to make it work. Include all legal rules, concepts, and doctrines to support your analysis.

Reference no: EM131094332

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