The contract is voidable because

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1. Sam Shyster, a 19-year-old college student, bought a car from Holly Honest, a 18 year-old neighbor for $5,000. It was a red corvette, which was his favorite color. Holly misrepresented the car to him and stated that the car had only been driven 15,000 miles. Fraud has occurred if ____________________.

Sam did not know that Holly was 18.

Sam bought the car folely because of its color.

Sam knew that the mileage was more than 15,000.

Sam relied upon Holly's statement.

Holly's statement occurred after the sale.

2. Buddy sees Joe Jet and his son eating pizza in a booth in a corner of a local restaurant. Buddy and three big thugs go up to Joe and Buddy threatens to shoot Joe's son if he does not sign the contract. Joe signs the contract. Later Joe does not follow the terms of the contract and Buddy sues him for breach of contract. The contract is voidable because of ___________________.

undue influence

physical duress

fraud

economic duress

Reference no: EM132229507

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