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A year ago, James sold a motor bike to Jim, his best friend. At the time that the bike was sold, Jim ...

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6 years ago

A year ago, James sold a motor bike to Jim, his best friend. At the time that the bike was sold, Jim ...

A year ago, James sold a motor bike to Jim, his best friend. At the time that the bike was sold, Jim was a minor. Jim is still making payments to James. Jim will be attaining the age of majority in a few months’ time. How should James protect himself?
a. Have Jim transfer the bike to a third party.
b. Get a witness to witness the next payment that Jim makes.
c. Enter into another agreement with Jim.
d. Get Jim to ratify the agreement.
e. Provide Jim with a statement of account.

Textbook

The Law and Business Administration in Canada

Edition: 14^th

Authors: Smyth, Soberman, Easson, McGill

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Ashorn Author

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6 years ago

Came right on time, ty so much!

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