Fred is 17 years old

Fred is 17 years old. Fred goes to New York Ferarri and buys a brand new Ferarri for $100,000. New York Ferarri sells the car to Fred without inquiring about his age. Fred buys no collision insurance on the automobile. Fred drives the car to Philadelphia the next day and totals the car at the corner of 20th and Walnut. Fred goes back to New York Ferrari and says he wants to return the car and wants his money back. New York Ferrari asks for the car back. Fred tells them that the car is nicely preserved at the corner of 18th and Walnut in Philadelphia. When they find out the car is totaled, New York Ferrari doesn't want to give anything back. Fred wants the whole $100,000. What are the issues raised here and how will the court resolve these issues?