Is It Legal And/or Ethical To Allow Bob To Escape His Contractual Obligations? Why Or Why Not?

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I need help with a Business Law question. All explanations and answers will be used to help me learn.

Bob Smith is a sixteen-year-old high school student. He has worked forty hours per week at the local convenience store over the last year and has diligently saved $6,000 for the purchase of his first car.

While visiting a local car dealership, Bob finds the car of his dreams, a used yellow Camaro. Bob walks into the dealership, negotiates $6,000 as the purchase price, and leaves the dealership a proud car owner.

Over the course of the next six months, Bob drives the Camaro eight thousand miles, wears the tires thin, dents the left front fender, and regrets his purchase. He realizes that in two short years college will beckon, and he knows that his parents cannot afford to pay for his higher education. In short, he wants his money back.

On a Saturday morning, Bob returns to the car dealership, walks into the sales office, and hands the keys to the seller, asking for the return of his $6,000. The dealer chuckles, and then his look turns stern, saying, “Son, I don’t owe you anything. You’ve just learned a lesson in the ‘School of Hard Knocks.’ The car is still yours, and the money is still mine!”

Who will prevail? Why? Is it legal and/or ethical to allow Bob to escape his contractual obligations? Why or why not?

100 word replyWashington Discussion Assignment
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This is your fourth discusson board assignment worth 8 points. You are to read the text chapters, lecture, and watch the George Washington videos. You are also to read the information at the follow websites:https://en.wikipedia.org/wiki/Presidency_of_George_Washington and http://www.mountvernon.org/george-washington/the-first-president/ten-facts-about-washingtons-presidency (Links to an external site.)/ (You can use a lot of information from this website about these facts concerning his presidency) and http://www.history.com/topics/us-presidents/george-washington (Links to an external site.)(this website also has videos on Washington).

You are to make the transformation to become George Washington who has just been elected. You are going to show you he created the present system of government by making a series of administrative decisions that became traditions of government. You are also going to describe what he thought about the formation of political parties. You are going to show how he worked with Hamilton on setting up economic policies. Finally you are going to describe in his second term his foreign policy.

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you will continue researching your chosen company. Compose a paper on the financials of your chosen firm; you will choose two ratios from each category (liquidity, profitability, and solvency) and conduct an analysis as well as highlight key areas/trends of the income statement and balance sheet. Be sure to answer the following questions in your response:
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