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question
Upon graduation from high school, a student enrolled in a college close to where he lived. However, since the student did not have a car, he rode the bus to and from the college each day. The student soon discovered that he was spending up to two hours each day to make the round trip to and from college on the bus, whereas the trip could be made in half that time if he had a car. He decided to buy a car and asked his father to accompany him as he looked for a car to purchase. After visiting a number of car lots, the son finally found a used car to his liking. However, the son only had 10,000. Since the son had not built up a credit history, the car lot was reluctant to sell the car to the son. The father then told the finance manager of the car lot, "If you will sell the car to my son and for any reason he defaults on the payments, I will pay the balance due. " The finance manager then approved the deal, which required the son to pay 500 for 15 months. Six months later, the son defaulted on the payment plan, and the car lot sought recovery from the father without first suing the son. With regard to the father's obligation under his promise to the finance manager, the court would most likely
Plain-text mathematical notation (without MathML)
Upon graduation from high school, a student enrolled in a college close to where he lived. However, since the student did not have a car, he rode the bus to and from the college each day. The student soon discovered that he was spending up to two hours each day to make the round trip to and from college on the bus, whereas the trip could be made in half that time if he had a car. He decided to buy a car and asked his father to accompany him as he looked for a car to purchase. After visiting a number of car lots, the son finally found a used car to his liking. However, the son only had 2,500inhisbankaccount,andthepriceofthecarwas10,000. Since the son had not built up a credit history, the car lot was reluctant to sell the car to the son. The father then told the finance manager of the car lot, "If you will sell the car to my son and for any reason he defaults on the payments, I will pay the balance due. " The finance manager then approved the deal, which required the son to pay 2,500downandmonthlypaymentsof500 for 15 months. Six months later, the son defaulted on the payment plan, and the car lot sought recovery from the father without first suing the son. With regard to the father's obligation under his promise to the finance manager, the court would most likely
Original LaTeX notation
Upon graduation from high school, a student enrolled in a college close to where he lived. However, since the student did not have a car, he rode the bus to and from the college each day. The student soon discovered that he was spending up to two hours each day to make the round trip to and from college on the bus, whereas the trip could be made in half that time if he had a car. He decided to buy a car and asked his father to accompany him as he looked for a car to purchase. After visiting a number of car lots, the son finally found a used car to his liking. However, the son only had $2,500 in his bank account, and the price of the car was $10,000. Since the son had not built up a credit history, the car lot was reluctant to sell the car to the son. The father then told the finance manager of the car lot, "If you will sell the car to my son and for any reason he defaults on the payments, I will pay the balance due. " The finance manager then approved the deal, which required the son to pay $2,500 down and monthly payments of $500 for 15 months. Six months later, the son defaulted on the payment plan, and the car lot sought recovery from the father without first suing the son. With regard to the father's obligation under his promise to the finance manager, the court would most likely
choices
- relieve the father of liability, because the car lot failed to first sue the son.
- relieve the father of liability, because the father was never under a duty as a surety.
- not relieve the father of liability, because of the main purpose exception.
- not relieve the father of liability, because parents are responsible for the debts of their children.
subject
professional_law
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